Peregrine Capital Management LLC Has $5.36 Million Stock Position in BrightView Holdings, Inc. (NYSE:BV)

Peregrine Capital Management LLC lowered its stake in BrightView Holdings, Inc. (NYSE:BV) by 25.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 335,318 shares of the company’s stock after selling 115,740 shares during the quarter. Peregrine Capital Management LLC’s holdings in BrightView were worth $5,362,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millburn Ridgefield Corp acquired a new stake in shares of BrightView in the third quarter valued at about $45,000. New York State Teachers Retirement System grew its holdings in BrightView by 32.1% during the fourth quarter. New York State Teachers Retirement System now owns 5,326 shares of the company’s stock worth $85,000 after purchasing an additional 1,293 shares during the period. FMR LLC grew its holdings in BrightView by 293.4% during the third quarter. FMR LLC now owns 6,884 shares of the company’s stock worth $108,000 after purchasing an additional 5,134 shares during the period. Quest Partners LLC bought a new position in BrightView during the third quarter worth about $153,000. Finally, XTX Topco Ltd bought a new position in BrightView during the third quarter worth about $184,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Trading Up 0.1 %

Shares of NYSE:BV opened at $14.34 on Thursday. BrightView Holdings, Inc. has a 12-month low of $8.26 and a 12-month high of $18.89. The stock has a market cap of $1.37 billion, a PE ratio of 79.67 and a beta of 1.29. The business has a 50 day moving average of $15.66 and a 200-day moving average of $15.92. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63.

Analyst Upgrades and Downgrades

BV has been the subject of a number of research analyst reports. BTIG Research initiated coverage on BrightView in a report on Monday, December 2nd. They set a “buy” rating and a $22.00 price target for the company. The Goldman Sachs Group lifted their price target on BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a report on Friday, November 15th. Robert W. Baird lifted their price target on BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Morgan Stanley lifted their price target on BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Loop Capital lifted their price target on BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $17.11.

About BrightView

BrightView Holdings, Inc, through its subsidiaries, provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segment delivers a suite of recurring commercial landscaping services, including mowing, gardening, mulching and snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance.