BrightView (NYSE:BV) Shares Gap Up – What’s Next?

BrightView Holdings, Inc. (NYSE:BV) gapped up before the market opened on Wednesday . The stock had previously closed at $13.02, but opened at $13.53. BrightView shares last traded at $13.30, with a volume of 31,619 shares.

Analyst Ratings Changes

A number of analysts have weighed in on BV shares. Morgan Stanley boosted their target price on shares of BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. BTIG Research started coverage on shares of BrightView in a research note on Monday, December 2nd. They set a “buy” rating and a $22.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.41.

BrightView Trading Down 0.9 %

The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.28 billion, a P/E ratio of 74.36 and a beta of 1.32. The firm’s 50 day moving average is $14.39 and its two-hundred day moving average is $15.63.

Institutional Investors Weigh In On BrightView

A number of institutional investors and hedge funds have recently made changes to their positions in BV. Sterling Capital Management LLC increased its stake in BrightView by 832.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,864 shares of the company’s stock valued at $30,000 after buying an additional 1,664 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in BrightView by 181.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company’s stock valued at $37,000 after buying an additional 1,475 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in BrightView in the 3rd quarter valued at about $45,000. NewEdge Advisors LLC purchased a new stake in BrightView in the 4th quarter valued at about $56,000. Finally, New York State Teachers Retirement System increased its stake in BrightView by 32.1% in the 4th quarter. New York State Teachers Retirement System now owns 5,326 shares of the company’s stock valued at $85,000 after buying an additional 1,293 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Company 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.