Rice Hall James & Associates LLC Makes New Investment in BrightView Holdings, Inc. $BV

Rice Hall James & Associates LLC purchased a new stake in shares of BrightView Holdings, Inc. (NYSE:BV) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 220,630 shares of the company’s stock, valued at approximately $3,126,000. Rice Hall James & Associates LLC owned 0.24% of BrightView as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BV. BNP Paribas Financial Markets lifted its holdings in shares of BrightView by 66.8% in 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 grew its holdings in BrightView by 225.8% during the second 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 during the period. Glenmede Investment Management LP acquired a new position in BrightView during the third quarter worth about $139,000. Man Group plc bought a new stake in BrightView in the second quarter worth about $185,000. Finally, Landscape Capital Management L.L.C. bought a new stake in BrightView in the third quarter worth about $163,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BrightView

In other BrightView news, Director William L. 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, for a total transaction of $562,500.00. Following the completion of the acquisition, the director owned 70,000 shares of the company’s stock, valued at $787,500. This represents a 250.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a report on Friday, July 31st. Morgan Stanley lowered their price objective on shares of BrightView from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of BrightView from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Robert W. Baird set a $14.00 target price on shares of BrightView in a research note on Wednesday, August 5th. Finally, BTIG Research restated a “buy” rating and set a $16.00 target price on shares of BrightView in a report on Monday, May 11th. One investment 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 given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.10.

BrightView Trading Down 2.6%

BrightView stock opened at $11.44 on Tuesday. BrightView Holdings, Inc. has a 52 week low of $10.42 and a 52 week high of $15.25. 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 firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -45.76, a P/E/G ratio of 1.95 and a beta of 1.18. The company has a 50 day moving average price of $13.35 and a 200 day moving average price of $12.86.

BrightView (NYSE:BV) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.12). The firm had revenue of $717.60 million for the quarter, compared to analyst estimates of $726.13 million. BrightView had a net margin of 0.74% and a return on equity of 5.03%. BrightView’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. Research analysts forecast that BrightView Holdings, Inc. will post 0.4 EPS for the current year.

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.