Knights of Columbus Asset Advisors LLC Makes New $1.73 Million Investment in BrightView Holdings, Inc. (NYSE:BV)

Knights of Columbus Asset Advisors LLC bought a new position in BrightView Holdings, Inc. (NYSE:BV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 108,031 shares of the company’s stock, valued at approximately $1,727,000. Knights of Columbus Asset Advisors LLC owned 0.11% of BrightView at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Harvey Partners LLC boosted its holdings in shares of BrightView by 9.1% in the third quarter. Harvey Partners LLC now owns 1,870,000 shares of the company’s stock worth $29,434,000 after buying an additional 156,500 shares during the period. Geode Capital Management LLC boosted its holdings in shares of BrightView by 18.2% in the third quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company’s stock worth $21,057,000 after buying an additional 206,359 shares during the period. State Street Corp lifted its position in shares of BrightView by 17.1% in the third quarter. State Street Corp now owns 1,211,909 shares of the company’s stock worth $19,075,000 after purchasing an additional 177,105 shares in the last quarter. Telemark Asset Management LLC lifted its position in shares of BrightView by 6.3% in the fourth quarter. Telemark Asset Management LLC now owns 850,000 shares of the company’s stock worth $13,592,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of BrightView by 1.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 641,301 shares of the company’s stock worth $10,254,000 after purchasing an additional 8,907 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

BrightView Price Performance

NYSE BV opened at $13.11 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $1.25 billion, a PE ratio of 72.81 and a beta of 1.32. The company has a 50 day moving average price of $14.36 and a two-hundred day moving average price of $15.61. BrightView Holdings, Inc. has a 12-month low of $10.69 and a 12-month high of $18.89.

Wall Street Analyst Weigh In

BV has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on shares of BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. BTIG Research initiated coverage on shares of BrightView in a research report on Monday, December 2nd. They issued a “buy” rating and a $22.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.41.

BrightView Company Profile

BrightView Holdings, Inc, through its subsidiaries, provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segment delivers a suite of recurring commercial landscaping services, including mowing, gardening, mulching and snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance.