BrightView Holdings, Inc. $BV Shares Newly Purchased by Gagnon Advisors LLC

Gagnon Advisors LLC purchased a new stake in BrightView Holdings, Inc. (NYSE:BV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 386,513 shares of the company’s stock, valued at approximately $3,865,000. BrightView makes up about 2.1% of Gagnon Advisors LLC’s investment portfolio, making the stock its 21st largest holding.

Other large investors have also modified their holdings of the company. Empowered Funds LLC purchased a new position in shares of BrightView during the 2nd quarter worth approximately $6,189,000. Bank of America Corp DE acquired a new position in shares of BrightView during the 2nd quarter worth approximately $2,264,000. Bank of New York Mellon Corp purchased a new stake in BrightView in the 2nd quarter valued at approximately $3,952,000. BlackRock Inc. purchased a new stake in BrightView in the 2nd quarter valued at approximately $80,091,000. Finally, Palisade Capital Management LP purchased a new stake in BrightView in the 2nd quarter valued at approximately $5,192,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Top BrightView Stories

Investors following BV have been watching these stories:

• Neutral Sentiment: JPMorgan lowered its price target from $12 to $11 but maintained a Neutral rating. Baird also cut its target, from $14 to $12, while retaining an Outperform rating. JPMorgan rating Baird price target
• Negative Sentiment: BrightView’s fiscal Q4 earnings and revenue missed estimates. Development Services revenue fell about 17.8%, outweighing maintenance growth and raising concerns about the business mix. Fiscal Q4 results
• Negative Sentiment: Goldman Sachs cut its target from $10 to $8.70 and rated the stock Sell. An investor investigation was also announced, adding uncertainty. Goldman Sachs rating Investor investigation notice

BrightView Stock Performance

Shares of BV opened at $10.24 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $934.25 million, a price-to-earnings ratio of -26.96, a PEG ratio of 1.27 and a beta of 1.16. The company’s 50 day simple moving average is $10.82 and its 200 day simple moving average is $12.25. BrightView Holdings, Inc. has a 1 year low of $9.52 and a 1 year high of $15.00.

BrightView (NYSE:BV) last announced its earnings results on Tuesday, November 10th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08). The firm had revenue of $677.30 million for the quarter, compared to analyst estimates of $723.76 million. BrightView had a return on equity of 3.85% and a net margin of 0.03%. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. On average, sell-side analysts predict that BrightView Holdings, Inc. will post 0.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on BV. Zacks Research upgraded BrightView from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a report on Thursday, October 29th. Wall Street Zen cut BrightView from a “hold” rating to a “sell” rating in a report on Saturday, November 7th. JPMorgan Chase & Co. reduced their price objective on BrightView from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Morgan Stanley decreased their price objective on BrightView from $12.50 to $11.50 and set an “equal weight” rating on the stock in a research note on Tuesday, October 13th. One 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.70.

BrightView Profile

BrightView Holdings, Inc. provides commercial landscaping services in the United States. Its services include landscape maintenance, design and development, enhancements, and tree care for properties such as corporate campuses, residential communities, and public spaces. The company also provides snow and ice management and related services to help clients maintain their properties throughout the year. BrightView was formed in 2014 through the combination of landscaping businesses Brickman and ValleyCrest.