BrightView (NYSE:BV) Hits New 52-Week Low – Should You Sell?

Shares of BrightView Holdings, Inc. (NYSE:BV) reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $10.39 and last traded at $10.3750, with a volume of 57286 shares changing hands. The stock had previously closed at $10.67.

Analysts Set New Price Targets

A number of brokerages recently commented on BV. Oppenheimer started coverage on BrightView in a research report on Wednesday, June 17th. They set an “outperform” rating and a $17.00 price target for the company. Wall Street Zen upgraded BrightView from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. Morgan Stanley decreased their target price on BrightView from $14.00 to $12.50 and set an “equal weight” rating for the company in a research report on Thursday, August 6th. Zacks Research cut BrightView from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.10.

BrightView Price Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $924.92 million, a P/E ratio of -39.70, a P/E/G ratio of 1.77 and a beta of 1.17. The firm has a 50 day moving average price of $11.82 and a two-hundred day moving average price of $12.37.

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

Insider Activity

In other BrightView news, Director William Cornog purchased 50,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were bought at an average price of $11.25 per share, with a total value of $562,500.00. Following the completion of the transaction, the director directly owned 70,000 shares in the company, valued at approximately $787,500. This trade represents a 250.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of BrightView during the second quarter worth $80,091,000. Dimensional Fund Advisors LP raised its stake in shares of BrightView by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company’s stock valued at $62,118,000 after purchasing an additional 192,376 shares during the period. Van Berkom & Associates Inc. raised its stake in shares of BrightView by 3.7% during the 1st quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company’s stock valued at $59,405,000 after purchasing an additional 179,757 shares during the period. Bessemer Group Inc. lifted its holdings in BrightView by 5.6% during the 1st quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company’s stock worth $22,162,000 after purchasing an additional 99,103 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. purchased a new stake in BrightView during the 2nd quarter worth about $16,778,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

About BrightView

BrightView Holdings, Inc provides commercial landscaping services in the United States. The company serves businesses, municipalities, educational institutions, healthcare facilities, homeowners’ associations, sports and entertainment venues, and other organizations that require landscape management and related outdoor services.

Its services include landscape maintenance, landscape design and development, irrigation installation and management, tree care, water management, and snow and ice removal.