Harvey Partners LLC Grows Stock Holdings in BrightView Holdings, Inc. (NYSE:BV)

Harvey Partners LLC grew its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 9.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,870,000 shares of the company’s stock after purchasing an additional 156,500 shares during the period. BrightView makes up approximately 3.4% of Harvey Partners LLC’s holdings, making the stock its 13th largest position. Harvey Partners LLC owned approximately 1.98% of BrightView worth $29,434,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in BrightView by 4.6% during the third quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company’s stock valued at $381,000 after buying an additional 1,056 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of BrightView by 8.7% in the second quarter. The Manufacturers Life Insurance Company now owns 17,896 shares of the company’s stock valued at $238,000 after acquiring an additional 1,431 shares in the last quarter. Creative Planning increased its position in BrightView by 7.0% in the third quarter. Creative Planning now owns 24,019 shares of the company’s stock worth $378,000 after purchasing an additional 1,564 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of BrightView by 8.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,941 shares of the company’s stock worth $321,000 after buying an additional 2,056 shares during the period. Finally, Los Angeles Capital Management LLC lifted its stake in BrightView by 3.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 75,524 shares of the company’s stock valued at $1,189,000 after acquiring an additional 2,340 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Jonathan Mark Gottsegen sold 29,658 shares of BrightView stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $16.06, for a total value of $476,307.48. Following the completion of the transaction, the executive vice president now owns 100,354 shares in the company, valued at approximately $1,611,685.24. The trade was a 22.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.40% of the stock is owned by company insiders.

BrightView Trading Up 1.3 %

BrightView stock opened at $17.33 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.63. BrightView Holdings, Inc. has a 12 month low of $7.74 and a 12 month high of $18.89. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 157.56 and a beta of 1.30. The business’s fifty day simple moving average is $16.51 and its two-hundred day simple moving average is $15.00.

BrightView (NYSE:BV) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $728.70 million during the quarter, compared to the consensus estimate of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.65%. BrightView’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 EPS. As a group, equities analysts predict that BrightView Holdings, Inc. will post 0.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

BV has been the topic of several research reports. Robert W. Baird boosted 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. William Blair upgraded BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. Morgan Stanley assumed coverage on BrightView in a research note on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 price target for the company. BTIG Research started coverage on BrightView in a research report on Monday. They issued a “buy” rating and a $22.00 target price on the stock. Finally, Loop Capital increased their price objective on BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, BrightView currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.11.

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.