Van Berkom & Associates Inc. Boosts Stake in BrightView Holdings, Inc. $BV

Van Berkom & Associates Inc. lifted its position in BrightView Holdings, Inc. (NYSE:BV) by 3.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,038,617 shares of the company’s stock after acquiring an additional 179,757 shares during the period. Van Berkom & Associates Inc. owned 0.05% of BrightView worth $59,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BV. Bfsg LLC bought a new stake in shares of BrightView during the fourth quarter valued at approximately $49,000. BNP Paribas Financial Markets lifted its position in BrightView by 66.8% during the second quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock valued at $93,000 after buying an additional 2,240 shares during the period. Tower Research Capital LLC TRC lifted its position in BrightView by 225.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock valued at $94,000 after buying an additional 3,909 shares during the period. Glenmede Investment Management LP bought a new stake in shares of BrightView during the 3rd quarter valued at $139,000. Finally, Man Group plc bought a new stake in shares of BrightView during the 2nd quarter valued at $185,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Trading Up 0.0%

NYSE BV opened at $14.52 on Monday. BrightView Holdings, Inc. has a 12 month low of $11.06 and a 12 month high of $16.52. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average price is $13.26 and its 200-day moving average price is $12.91. The stock has a market cap of $1.35 billion, a P/E ratio of -207.44 and a beta of 1.17.

BrightView (NYSE:BV) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $702.90 million during the quarter, compared to analyst estimates of $638.80 million. BrightView had a return on equity of 7.25% and a net margin of 1.70%.BrightView’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 EPS. As a group, equities analysts forecast that BrightView Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. BTIG Research reaffirmed a “buy” rating and issued a $16.00 target price on shares of BrightView in a research report on Monday, May 11th. JPMorgan Chase & Co. raised shares of BrightView from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $13.00 to $14.00 in a research note on Thursday, May 7th. Zacks Research cut shares of BrightView from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research note on Monday, May 4th. Finally, Oppenheimer started coverage on shares of BrightView in a report on Wednesday, June 17th. They set an “outperform” rating and a $17.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, BrightView presently has an average rating of “Hold” and a consensus price target of $14.52.

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.