Teacher Retirement System of Texas Sells 31,805 Shares of BrightView Holdings, Inc. (NYSE:BV)

Teacher Retirement System of Texas lessened its position in shares of BrightView Holdings, Inc. (NYSE:BV) by 23.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 106,240 shares of the company’s stock after selling 31,805 shares during the period. Teacher Retirement System of Texas’ holdings in BrightView were worth $1,699,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BV. Quest Partners LLC acquired a new position in BrightView in the third quarter valued at approximately $153,000. Intech Investment Management LLC bought a new stake in shares of BrightView in the 3rd quarter valued at $251,000. The Manufacturers Life Insurance Company lifted its position in shares of BrightView by 71.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 30,641 shares of the company’s stock valued at $482,000 after acquiring an additional 12,745 shares during the period. Quantbot Technologies LP bought a new position in BrightView during the third quarter worth $555,000. Finally, FMR LLC grew its holdings in BrightView by 293.4% in 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. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BV shares. Morgan Stanley upped their price objective on shares of BrightView from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. BTIG Research assumed coverage on BrightView in a research note on Monday, December 2nd. They set a “buy” rating and a $22.00 price target on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.41.

BrightView Price Performance

BV stock opened at $13.22 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. The business has a 50-day simple moving average of $14.16 and a two-hundred day simple moving average of $15.55. The company has a market capitalization of $1.26 billion, a P/E ratio of 73.42 and a beta of 1.32. BrightView Holdings, Inc. has a 52-week low of $10.69 and a 52-week high of $18.89.

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.