BrightView Holdings, Inc. $BV Shares Sold by Cannell Capital LLC

Cannell Capital LLC lessened its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 29.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 138,063 shares of the company’s stock after selling 57,089 shares during the quarter. Cannell Capital LLC’s holdings in BrightView were worth $1,850,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BV. Bank of America Corp DE grew its stake in BrightView by 18.3% during the 3rd quarter. Bank of America Corp DE now owns 702,288 shares of the company’s stock worth $9,411,000 after buying an additional 108,428 shares during the last quarter. Alliancebernstein L.P. raised its stake in BrightView by 7.5% in the third quarter. Alliancebernstein L.P. now owns 1,811,910 shares of the company’s stock valued at $24,280,000 after buying an additional 127,040 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in BrightView in the third quarter valued at about $352,000. California State Teachers Retirement System boosted its holdings in BrightView by 4.4% in the third quarter. California State Teachers Retirement System now owns 59,197 shares of the company’s stock worth $793,000 after acquiring an additional 2,497 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in BrightView by 1,964.7% in the third quarter. Two Sigma Investments LP now owns 568,466 shares of the company’s stock worth $7,617,000 after acquiring an additional 540,933 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BV shares. BTIG Research assumed coverage on shares of BrightView in a report on Monday, December 1st. They set a “buy” rating and a $15.00 price objective on the stock. CJS Securities upgraded shares of BrightView to a “strong-buy” rating in a research note on Thursday, December 11th. The Goldman Sachs Group reissued a “sell” rating and set a $11.10 target price on shares of BrightView in a research report on Monday, February 9th. JPMorgan Chase & Co. upped their price target on shares of BrightView from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Thursday, February 5th. Finally, Robert W. Baird decreased their price target on shares of BrightView from $19.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.68.

Insider Transactions at BrightView

In other BrightView news, Director William L. Cornog purchased 5,000 shares of BrightView stock in a transaction on Friday, February 6th. The stock was bought at an average cost of $13.46 per share, with a total value of $67,300.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at $67,300. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

BrightView Stock Up 1.6%

Shares of BV stock opened at $11.84 on Friday. BrightView Holdings, Inc. has a fifty-two week low of $11.06 and a fifty-two week high of $17.10. The firm has a market capitalization of $1.11 billion, a PE ratio of -591.75 and a beta of 1.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s 50-day simple moving average is $13.25 and its 200-day simple moving average is $13.09.

BrightView (NYSE:BV) last released its earnings results on Tuesday, February 3rd. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $614.70 million for the quarter, compared to analyst estimates of $589.91 million. BrightView had a return on equity of 7.85% and a net margin of 1.90%.The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.04 EPS. Equities analysts expect that BrightView Holdings, Inc. will post 0.73 earnings per share 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.