William Cornog Purchases 50,000 Shares of BrightView (NYSE:BV) Stock

BrightView Holdings, Inc. (NYSE:BV) Director William Cornog purchased 50,000 shares of the stock in a transaction on Thursday, August 6th. The stock was acquired at an average cost of $11.25 per share, for a total transaction of $562,500.00. Following the completion of the acquisition, the director owned 70,000 shares of the company’s stock, valued at $787,500. The trade was a 250.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

BrightView Stock Performance

Shares of BV stock opened at $11.41 on Friday. BrightView Holdings, Inc. has a 52-week low of $10.42 and a 52-week high of $15.82. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.06 billion, a PE ratio of -45.64 and a beta of 1.18. The business has a 50-day simple moving average of $13.44 and a 200-day simple moving average of $12.94.

BrightView (NYSE:BV) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.12). BrightView had a net margin of 0.74% and a return on equity of 5.03%. The company had revenue of $717.60 million for the quarter, compared to analysts’ expectations of $726.13 million. During the same quarter in the prior year, the business posted $0.30 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. On average, equities analysts expect that BrightView Holdings, Inc. will post 0.56 EPS for the current year.

Institutional Trading of BrightView

A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in shares of BrightView by 4.7% during the 1st quarter. Royal Bank of Canada now owns 699,959 shares of the company’s stock worth $8,988,000 after purchasing an additional 31,291 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of BrightView by 75.9% in the first quarter. AQR Capital Management LLC now owns 209,995 shares of the company’s stock valued at $2,696,000 after purchasing an additional 90,627 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in BrightView by 7.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,443 shares of the company’s stock worth $455,000 after buying an additional 2,349 shares in the last quarter. Millennium Management LLC lifted its position in BrightView by 54.2% during the first quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock worth $18,704,000 after buying an additional 512,098 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in BrightView by 11.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,306 shares of the company’s stock valued at $21,293,000 after buying an additional 167,966 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BV. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a report on Friday, July 31st. Oppenheimer started coverage on shares of BrightView in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 price objective for the company. Robert W. Baird set a $14.00 target price on shares of BrightView in a research note on Wednesday. Zacks Research lowered BrightView from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Finally, Morgan Stanley reduced their price target on BrightView from $14.00 to $12.50 and set an “equal weight” rating for the company in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.