BrightView (NYSE:BV) Shares Gap Up – Here’s What Happened

Shares of BrightView Holdings, Inc. (NYSE:BV) gapped up before the market opened on Monday . The stock had previously closed at $13.43, but opened at $13.98. BrightView shares last traded at $13.58, with a volume of 93,869 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Robert W. Baird lifted their price objective on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Loop Capital lifted their price objective on BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 15th. William Blair raised BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. BTIG Research assumed coverage on BrightView in a research report on Monday, December 2nd. They set a “buy” rating and a $22.00 price objective on the stock. Finally, The Goldman Sachs Group lifted their price objective on BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.11.

BrightView Price Performance

The firm has a 50 day moving average of $15.53 and a 200-day moving average of $15.92. The company has a market cap of $1.30 billion, a P/E ratio of 75.69 and a beta of 1.29. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.63.

Institutional Trading of BrightView

Large investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its stake in BrightView by 832.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,864 shares of the company’s stock worth $30,000 after acquiring an additional 1,664 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in BrightView by 181.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company’s stock worth $37,000 after acquiring an additional 1,475 shares during the last quarter. Millburn Ridgefield Corp bought a new stake in BrightView in the 3rd quarter worth approximately $45,000. NewEdge Advisors LLC bought a new stake in BrightView in the 4th quarter worth approximately $56,000. Finally, New York State Teachers Retirement System increased its stake in BrightView by 32.1% in the 4th quarter. New York State Teachers Retirement System now owns 5,326 shares of the company’s stock worth $85,000 after acquiring an additional 1,293 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

BrightView Company Profile

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.