Short Interest in BrightView Holdings, Inc. (NYSE:BV) Drops By 7.0%

BrightView Holdings, Inc. (NYSE:BV) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 4,260,000 shares, a decrease of 7.0% from the November 15th total of 4,580,000 shares. Based on an average daily trading volume, of 510,800 shares, the short-interest ratio is presently 8.3 days. Approximately 7.2% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. The Goldman Sachs Group increased their price objective on BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a report on Friday, November 15th. Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and increased their price objective for the company from $13.00 to $17.00 in a report on Wednesday, August 21st. Morgan Stanley increased their price target on BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday. Loop Capital increased their price target on BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Robert W. Baird increased 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. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.11.

Insider Transactions at BrightView

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

Hedge Funds Weigh In On BrightView

Hedge funds have recently added to or reduced their stakes in the stock. Millburn Ridgefield Corp acquired a new position in BrightView during the 3rd quarter valued at about $45,000. Innealta Capital LLC purchased a new position in shares of BrightView in the 2nd quarter worth approximately $102,000. FMR LLC boosted its stake in shares of BrightView by 293.4% in the 3rd quarter. FMR LLC now owns 6,884 shares of the company’s stock worth $108,000 after buying an additional 5,134 shares during the last quarter. Kathmere Capital Management LLC purchased a new position in shares of BrightView in the 2nd quarter worth approximately $133,000. Finally, Quest Partners LLC purchased a new position in shares of BrightView in the 3rd quarter worth approximately $153,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Stock Up 1.2 %

Shares of BV traded up $0.21 during trading hours on Monday, hitting $17.06. The stock had a trading volume of 261,695 shares, compared to its average volume of 612,531. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a 50 day simple moving average of $16.84 and a 200-day simple moving average of $15.23. The firm has a market capitalization of $1.62 billion, a P/E ratio of 153.18 and a beta of 1.30. BrightView has a 1-year low of $7.75 and a 1-year high of $18.89.

BrightView (NYSE:BV) last issued its earnings results on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, beating the consensus estimate 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 return on equity of 7.65% and a net margin of 2.40%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.14 EPS. Sell-side analysts predict that BrightView will post 0.75 EPS for the current fiscal year.

About BrightView

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.