Rice Hall James & Associates LLC Invests $3.13 Million in BrightView Holdings, Inc. $BV

Rice Hall James & Associates LLC purchased a new position in shares of BrightView Holdings, Inc. (NYSE:BV) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 220,630 shares of the company’s stock, valued at approximately $3,126,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BV. BNP Paribas Financial Markets increased its stake in BrightView by 66.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock valued at $93,000 after buying an additional 2,240 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of BrightView by 225.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock valued at $94,000 after buying an additional 3,909 shares during the period. Glenmede Investment Management LP acquired a new stake in shares of BrightView during the 3rd quarter valued at $139,000. Janney Montgomery Scott LLC acquired a new stake in shares of BrightView during the 1st quarter valued at $145,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of BrightView during the 3rd quarter valued at $163,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BrightView

In related news, Director William L. Cornog bought 50,000 shares of BrightView stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $11.25 per share, for a total transaction of $562,500.00. Following the acquisition, the director owned 70,000 shares in the company, valued at $787,500. This trade represents a 250.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.

BrightView Trading Down 2.6%

BrightView stock opened at $11.44 on Tuesday. BrightView Holdings, Inc. has a one year low of $10.42 and a one year high of $15.25. The company’s fifty day moving average price is $13.35 and its two-hundred day moving average price is $12.86. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -45.76, a PEG ratio of 1.95 and a beta of 1.18.

BrightView (NYSE:BV) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.12). The company had revenue of $717.60 million for the quarter, compared to the consensus estimate of $726.13 million. BrightView had a return on equity of 5.03% and a net margin of 0.74%.The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS. On average, analysts forecast that BrightView Holdings, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BV has been the topic of a number of research reports. Robert W. Baird set a $14.00 price target on shares of BrightView in a research note on Wednesday, August 5th. BTIG Research restated a “buy” rating and issued a $16.00 target price on shares of BrightView in a research note on Monday, May 11th. Wall Street Zen downgraded BrightView from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research note on Friday, July 31st. Finally, Zacks Research lowered BrightView from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.10.

BrightView Company Profile

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.