Systematic Financial Management LP Purchases New Position in BrightView Holdings, Inc. (NYSE:BV)

Systematic Financial Management LP bought a new stake in shares of BrightView Holdings, Inc. (NYSE:BV) in the third quarter, HoldingsChannel reports. The institutional investor bought 60,795 shares of the company’s stock, valued at approximately $957,000.

Several other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in BrightView by 28.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock valued at $41,772,000 after buying an additional 695,987 shares during the period. Harvey Partners LLC increased its holdings in shares of BrightView by 9.1% in the 3rd quarter. Harvey Partners LLC now owns 1,870,000 shares of the company’s stock valued at $29,434,000 after acquiring an additional 156,500 shares during the period. Driehaus Capital Management LLC bought a new position in shares of BrightView in the 2nd quarter worth $13,086,000. Telemark Asset Management LLC lifted its stake in shares of BrightView by 14.3% during the 3rd quarter. Telemark Asset Management LLC now owns 800,000 shares of the company’s stock worth $12,592,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in BrightView during the second quarter valued at about $9,857,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BV has been the subject of a number of recent research reports. Loop Capital boosted their target price on shares of BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Robert W. Baird boosted their price objective on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. William Blair upgraded shares of BrightView from a “market perform” rating to an “outperform” rating in a research note on Friday, November 15th. Morgan Stanley started coverage on shares of BrightView in a report on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 price target on the stock. Finally, BTIG Research assumed coverage on BrightView in a report on Monday, December 2nd. They set a “buy” rating and a $22.00 price objective for the company. 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.11.

BrightView Trading Down 3.7 %

NYSE:BV opened at $17.22 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $16.72 and a 200-day simple moving average of $15.12. 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 $1.64 billion, a P/E ratio of 156.55 and a beta of 1.30.

BrightView (NYSE:BV) last issued its quarterly earnings results 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 analysts’ expectations of $723.01 million. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS. On average, equities research analysts anticipate that BrightView Holdings, Inc. will post 0.75 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $16.06, for a total transaction of $476,307.48. Following the completion of the transaction, the executive vice president now owns 100,354 shares of the company’s stock, valued at $1,611,685.24. This trade represents a 22.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.40% 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.