BrightView Holdings, Inc. (NYSE:BV) Short Interest Update

BrightView Holdings, Inc. (NYSE:BV) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,964,541 shares, an increase of 25.7% from the February 26th total of 2,357,933 shares. Currently, 3.2% of the shares of the company are short sold. Based on an average daily volume of 766,749 shares, the days-to-cover ratio is presently 3.9 days.

Analysts Set New Price Targets

Several research analysts have commented on BV shares. CJS Securities raised BrightView to a “strong-buy” rating in a research report on Thursday, December 11th. The Goldman Sachs Group restated a “sell” rating and set a $11.10 target price on shares of BrightView in a research report on Monday, February 9th. Weiss Ratings cut shares of BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, February 4th. Morgan Stanley increased their price target on shares of BrightView from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of BrightView from $12.00 to $13.00 and gave the stock an “underweight” rating in a research report on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.68.

BrightView Stock Performance

NYSE:BV traded up $0.12 during midday trading on Wednesday, reaching $11.91. The stock had a trading volume of 8,595 shares, compared to its average volume of 587,501. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.64. The stock has a market cap of $1.12 billion, a P/E ratio of -596.45 and a beta of 1.26. The firm has a fifty day simple moving average of $12.94 and a two-hundred day simple moving average of $12.87. BrightView has a 12-month low of $11.06 and a 12-month high of $17.10.

BrightView (NYSE:BV) last announced its quarterly earnings data 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 analysts’ expectations of $589.91 million. BrightView had a return on equity of 7.85% and a net margin of 1.90%.The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS. On average, equities analysts expect that BrightView will post 0.73 EPS for the current year.

Insider Activity

In other news, Director William L. Cornog bought 5,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were acquired at an average price of $13.46 per share, for a total transaction of $67,300.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $67,300. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On BrightView

A number of institutional investors have recently added to or reduced their stakes in the business. ProShare Advisors LLC raised its stake in shares of BrightView by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 13,138 shares of the company’s stock worth $166,000 after buying an additional 848 shares in the last quarter. Creative Planning boosted its stake in shares of BrightView by 3.9% in the second quarter. Creative Planning now owns 22,841 shares of the company’s stock valued at $380,000 after buying an additional 858 shares in the last quarter. Redmond Asset Management LLC raised its position in BrightView by 0.5% in the third quarter. Redmond Asset Management LLC now owns 172,478 shares of the company’s stock worth $2,311,000 after acquiring an additional 871 shares in the last quarter. Anchor Capital Advisors LLC raised its position in BrightView by 2.0% in the third quarter. Anchor Capital Advisors LLC now owns 69,777 shares of the company’s stock worth $935,000 after acquiring an additional 1,355 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in BrightView by 1.9% in the third quarter. Rhumbline Advisers now owns 94,158 shares of the company’s stock valued at $1,262,000 after acquiring an additional 1,733 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

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.