BrightView Holdings, Inc. (NYSE:BV) Sees Significant Decline in Short Interest

BrightView Holdings, Inc. (NYSE:BV) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 5,060,000 shares, a decline of 8.2% from the September 30th total of 5,510,000 shares. Based on an average daily volume of 540,300 shares, the short-interest ratio is presently 9.4 days. Currently, 8.6% of the company’s shares are short sold.

Analyst Ratings Changes

A number of equities research analysts have commented on BV shares. JPMorgan Chase & Co. increased their price target on BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. Baird R W raised shares of BrightView from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 30th. Robert W. Baird upgraded shares of BrightView from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $13.00 to $17.00 in a research report on Tuesday, July 30th. Morgan Stanley started coverage on shares of BrightView in a research report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price objective for the company. Finally, The Goldman Sachs Group lifted their target price on shares of BrightView from $10.00 to $11.30 and gave the stock a “sell” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.47.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of BrightView by 4.8% during the first quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company’s stock valued at $47,975,000 after buying an additional 185,327 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in BrightView by 28.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock valued at $41,772,000 after purchasing an additional 695,987 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of BrightView in the second quarter worth approximately $13,086,000. Allspring Global Investments Holdings LLC bought a new position in shares of BrightView in the second quarter valued at approximately $9,857,000. Finally, Harbor Capital Advisors Inc. boosted its position in shares of BrightView by 150.5% during the third quarter. Harbor Capital Advisors Inc. now owns 632,394 shares of the company’s stock valued at $9,954,000 after buying an additional 379,916 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

BrightView Trading Up 1.9 %

Shares of NYSE:BV traded up $0.31 during mid-day trading on Friday, hitting $16.69. The company had a trading volume of 64,927 shares, compared to its average volume of 623,983. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.45 and a quick ratio of 1.45. BrightView has a one year low of $6.78 and a one year high of $17.49. The firm has a fifty day moving average price of $15.81 and a 200 day moving average price of $14.18. The company has a market capitalization of $1.58 billion, a PE ratio of 136.51 and a beta of 1.29.

BrightView (NYSE:BV) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $738.80 million for the quarter, compared to analyst estimates of $736.94 million. BrightView had a net margin of 2.06% and a return on equity of 6.27%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 earnings per share. As a group, research analysts forecast that BrightView will post 0.66 EPS for the current year.

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.