Royce & Associates LP Takes $5.29 Million Position in BrightView Holdings, Inc. $BV

Royce & Associates LP acquired a new stake in BrightView Holdings, Inc. (NYSE:BV) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 417,761 shares of the company’s stock, valued at approximately $5,293,000.

Several other institutional investors have also modified their holdings of BV. Bfsg LLC bought a new stake in shares of BrightView in the 4th quarter valued at approximately $49,000. BNP Paribas Financial Markets lifted its stake in shares of BrightView by 66.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock valued at $93,000 after purchasing an additional 2,240 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of BrightView by 225.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock valued at $94,000 after purchasing an additional 3,909 shares during the last quarter. Glenmede Investment Management LP bought a new stake in shares of BrightView in the 3rd quarter valued at approximately $139,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of BrightView in the 3rd quarter valued at approximately $163,000. 92.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BV shares. JPMorgan Chase & Co. raised BrightView from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $13.00 to $14.00 in a research note on Thursday, May 7th. BTIG Research reiterated a “buy” rating and issued a $16.00 price target on shares of BrightView in a report on Monday, May 11th. The Goldman Sachs Group reiterated a “sell” rating and issued a $11.10 price target on shares of BrightView in a report on Monday, February 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a report on Monday, May 4th. Finally, Morgan Stanley increased their price target on BrightView from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, BrightView presently has a consensus rating of “Hold” and a consensus price target of $15.02.

BrightView Trading Down 3.9%

Shares of NYSE BV opened at $12.35 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.23 and a current ratio of 1.23. The business’s 50 day moving average price is $12.20 and its 200-day moving average price is $12.66. BrightView Holdings, Inc. has a fifty-two week low of $11.06 and a fifty-two week high of $17.10. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -176.36 and a beta of 1.20.

BrightView (NYSE:BV) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The firm had revenue of $702.90 million for the quarter, compared to the consensus estimate of $638.80 million. During the same period in the prior year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts expect that BrightView Holdings, Inc. will post 0.57 earnings per share for the current year.

BrightView Profile

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.