Quest Partners LLC Acquires Shares of 9,710 BrightView Holdings, Inc. (NYSE:BV)

Quest Partners LLC bought a new position in BrightView Holdings, Inc. (NYSE:BV) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 9,710 shares of the company’s stock, valued at approximately $153,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. &PARTNERS purchased a new position in BrightView in the second quarter worth $1,497,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of BrightView during the 2nd quarter worth $560,000. Driehaus Capital Management LLC purchased a new position in shares of BrightView in the 2nd quarter worth about $13,086,000. Anchor Capital Advisors LLC bought a new position in BrightView during the second quarter valued at about $626,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in BrightView by 12.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 471,769 shares of the company’s stock worth $6,275,000 after buying an additional 51,888 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

BV has been the topic of a number of research analyst reports. Loop Capital boosted their target price on shares of BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Morgan Stanley assumed coverage on BrightView in a report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price objective for the company. Robert W. Baird boosted their target price on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $17.00 in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. lifted their price objective on BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.41.

BrightView Stock Performance

Shares of BV opened at $16.96 on Friday. BrightView Holdings, Inc. has a 52-week low of $7.39 and a 52-week high of $18.89. The stock’s 50-day simple moving average is $16.45 and its 200 day simple moving average is $14.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 154.18 and a beta of 1.28.

BrightView (NYSE:BV) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The firm had revenue of $728.70 million for the quarter, compared to the consensus estimate of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share. Research analysts forecast that BrightView Holdings, Inc. will post 0.75 EPS for the current fiscal year.

Insider Buying and Selling at BrightView

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $16.06, for a total value of $476,307.48. Following the sale, the executive vice president now owns 100,354 shares of the company’s stock, valued at $1,611,685.24. This trade represents a 22.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.40% of the company’s stock.

BrightView 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.