BrightView (NYSE:BV) Reaches New 1-Year High at $12.09

BrightView Holdings, Inc. (NYSE:BVGet Free Report)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $12.09 and last traded at $12.08, with a volume of 19537 shares changing hands. The stock had previously closed at $11.97.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BV. Jefferies Financial Group restated a “hold” rating and issued a $9.00 price target on shares of BrightView in a research report on Monday, March 4th. Craig Hallum started coverage on BrightView in a research report on Monday, March 4th. They issued a “buy” rating and a $15.00 price objective for the company.

Get Our Latest Stock Analysis on BV

BrightView Stock Performance

The company has a 50-day moving average price of $9.52 and a two-hundred day moving average price of $8.38. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $1.14 billion, a P/E ratio of -59.85 and a beta of 1.23.

BrightView (NYSE:BVGet Free Report) last issued its earnings results on Wednesday, January 31st. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). BrightView had a negative net margin of 0.19% and a positive return on equity of 3.93%. The firm had revenue of $626.70 million during the quarter, compared to the consensus estimate of $651.07 million. On average, equities analysts forecast that BrightView Holdings, Inc. will post 0.59 earnings per share for the current year.

Institutional Trading of BrightView

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of BrightView by 7.1% in the 1st quarter. Bank of New York Mellon Corp now owns 252,896 shares of the company’s stock worth $3,442,000 after buying an additional 16,752 shares during the last quarter. Natixis Advisors L.P. boosted its stake in shares of BrightView by 19.4% in the 1st quarter. Natixis Advisors L.P. now owns 94,618 shares of the company’s stock worth $1,288,000 after buying an additional 15,364 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of BrightView by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 22,371 shares of the company’s stock worth $304,000 after buying an additional 7,977 shares during the last quarter. BlackRock Inc. boosted its stake in shares of BrightView by 1.6% in the 1st quarter. BlackRock Inc. now owns 3,389,904 shares of the company’s stock worth $46,136,000 after buying an additional 52,475 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of BrightView by 23.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,456,919 shares of the company’s stock worth $19,829,000 after buying an additional 277,640 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

About BrightView

(Get Free Report)

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.

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