BrightView (NYSE:BV) Director William Cornog Buys 50,000 Shares of Stock

BrightView Holdings, Inc. (NYSE:BV) Director William Cornog purchased 50,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of $11.25 per share, with a total value of $562,500.00. Following the transaction, the director owned 70,000 shares in the company, valued at $787,500. This trade represents a 250.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

BrightView Trading Up 3.5%

BV opened at $10.97 on Friday. The firm has a 50 day simple moving average of $13.46 and a 200 day simple moving average of $12.95. BrightView Holdings, Inc. has a fifty-two week low of $10.42 and a fifty-two week high of $15.82. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -43.90 and a beta of 1.18. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.23.

BrightView (NYSE:BV) last released its earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). BrightView had a return on equity of 5.03% and a net margin of 0.74%.The business had revenue of $717.60 million for the quarter, compared to analyst estimates of $726.13 million. During the same period in the prior year, the firm posted $0.30 EPS. BrightView’s revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts anticipate that BrightView Holdings, Inc. will post 0.56 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BV. Bfsg LLC bought a new stake in BrightView in the 4th quarter valued at approximately $49,000. BNP Paribas Financial Markets grew its stake in shares of BrightView by 66.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock worth $93,000 after acquiring an additional 2,240 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of BrightView by 225.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock worth $94,000 after acquiring an additional 3,909 shares in the last quarter. Glenmede Investment Management LP acquired a new stake in shares of BrightView in the third quarter valued at approximately $139,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of BrightView in the first quarter valued at approximately $145,000. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BV has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised BrightView from an “underweight” rating to a “neutral” rating and upped their price target for the company from $13.00 to $14.00 in a research note on Thursday, May 7th. Morgan Stanley decreased their price objective on shares of BrightView from $14.00 to $12.50 and set an “equal weight” rating for the company in a report on Thursday. Oppenheimer started coverage on shares of BrightView in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 target price for the company. BTIG Research restated a “buy” rating and issued a $16.00 price objective on shares of BrightView in a research report on Monday, May 11th. Finally, Zacks Research downgraded BrightView from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, BrightView currently has a consensus rating of “Hold” and an average price target of $14.10.

About BrightView

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.