Cannell Capital LLC Lowers Stock Holdings in BrightView Holdings, Inc. $BV

Cannell Capital LLC reduced its stake in BrightView Holdings, Inc. (NYSE:BV) by 29.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,063 shares of the company’s stock after selling 57,089 shares during the period. Cannell Capital LLC owned 0.15% of BrightView worth $1,850,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BV. State of Alaska Department of Revenue bought a new stake in shares of BrightView during the third quarter valued at approximately $85,000. BNP Paribas Financial Markets grew its stake in BrightView by 66.8% in the second quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock worth $93,000 after purchasing an additional 2,240 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in 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 purchasing an additional 3,909 shares during the period. Glenmede Investment Management LP purchased a new position in BrightView during the 3rd quarter worth $139,000. Finally, Landscape Capital Management L.L.C. bought a new stake in BrightView during the 3rd quarter valued at $163,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BV has been the subject of several research reports. The Goldman Sachs Group reiterated a “sell” rating and issued a $11.10 target price on shares of BrightView in a report on Monday, February 9th. CJS Securities upgraded BrightView to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings downgraded BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. increased their target price on shares of BrightView from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Thursday, February 5th. Finally, Morgan Stanley raised their target price on shares of BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.68.

Insider Buying and Selling at BrightView

In other news, Director William L. Cornog acquired 5,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were purchased at an average price of $13.46 per share, with a total value of $67,300.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $67,300. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

BrightView Trading Up 1.6%

Shares of NYSE BV opened at $11.84 on Friday. BrightView Holdings, Inc. has a 1-year low of $11.06 and a 1-year high of $17.10. The business has a fifty day moving average price of $13.25 and a 200 day moving average price of $13.09. The stock has a market capitalization of $1.11 billion, a P/E ratio of -591.75 and a beta of 1.26. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.26 and a quick ratio of 1.26.

BrightView (NYSE:BV) last posted its earnings results on Tuesday, February 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $614.70 million during the quarter, compared to analysts’ expectations of $589.91 million. BrightView had a net margin of 1.90% and a return on equity of 7.85%. BrightView’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 EPS. Equities research analysts expect that BrightView Holdings, Inc. will post 0.73 EPS for the current fiscal year.

BrightView Company 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.