Calamos Advisors LLC Invests $608,000 in BrightView Holdings, Inc. $BV

Calamos Advisors LLC purchased a new stake in BrightView Holdings, Inc. (NYSE:BV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 36,493 shares of the company’s stock, valued at approximately $608,000.

Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of BrightView by 3.2% in the first quarter. Principal Financial Group Inc. now owns 51,967 shares of the company’s stock worth $667,000 after buying an additional 1,608 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of BrightView by 1.7% in the 1st quarter. Bank of New York Mellon Corp now owns 194,841 shares of the company’s stock valued at $2,502,000 after acquiring an additional 3,286 shares in the last quarter. CWM LLC raised its holdings in shares of BrightView by 58.7% in the 1st quarter. CWM LLC now owns 3,418 shares of the company’s stock valued at $44,000 after acquiring an additional 1,264 shares in the last quarter. Bailard Inc. boosted its position in shares of BrightView by 82.9% during the 1st quarter. Bailard Inc. now owns 19,200 shares of the company’s stock valued at $247,000 after acquiring an additional 8,700 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new position in shares of BrightView during the first quarter worth about $517,000. Institutional investors own 92.41% of the company’s stock.

BrightView Stock Down 0.7%

Shares of BV opened at $12.15 on Friday. The firm has a market cap of $1.15 billion, a P/E ratio of 404.83 and a beta of 1.29. BrightView Holdings, Inc. has a 1 year low of $11.71 and a 1 year high of $18.08. The stock has a 50 day simple moving average of $13.05 and a two-hundred day simple moving average of $14.66. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.31 and a quick ratio of 1.31.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BV shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BrightView in a research note on Wednesday, October 8th. Wall Street Zen cut shares of BrightView from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Zacks Research raised shares of BrightView from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, BrightView currently has a consensus rating of “Moderate Buy” and an average price target of $19.25.

Insider Activity at BrightView

In related news, EVP Amanda Marie Orders sold 70,000 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $14.78, for a total transaction of $1,034,600.00. Following the transaction, the executive vice president owned 38,446 shares of the company’s stock, valued at approximately $568,231.88. This trade represents a 64.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.20% 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.