Harbor Capital Advisors Inc. Boosts Stock Position in BrightView Holdings, Inc. (NYSE:BV)

Harbor Capital Advisors Inc. lifted its position in shares of BrightView Holdings, Inc. (NYSE:BV) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 641,301 shares of the company’s stock after purchasing an additional 8,907 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in BrightView were worth $10,254,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Millburn Ridgefield Corp purchased a new position in shares of BrightView during the third quarter worth approximately $45,000. FMR LLC grew its holdings in shares of BrightView by 293.4% during the 3rd quarter. FMR LLC now owns 6,884 shares of the company’s stock valued at $108,000 after purchasing an additional 5,134 shares during the last quarter. Kathmere Capital Management LLC purchased a new position in BrightView in the 2nd quarter worth $133,000. Quest Partners LLC bought a new stake in BrightView in the third quarter worth $153,000. Finally, XTX Topco Ltd purchased a new stake in BrightView during the third quarter valued at about $184,000. Institutional investors own 92.41% of the company’s stock.

BrightView Stock Down 3.0 %

BV stock traded down $0.46 during midday trading on Friday, hitting $14.92. The stock had a trading volume of 148,407 shares, compared to its average volume of 385,157. 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 market cap of $1.42 billion, a price-to-earnings ratio of 135.65 and a beta of 1.30. The business has a 50-day moving average of $16.69 and a two-hundred day moving average of $15.50. BrightView Holdings, Inc. has a 52-week low of $8.06 and a 52-week high of $18.89.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Robert W. Baird lifted their price objective on BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Morgan Stanley lifted their price target on BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. 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 research note on Friday, November 15th. BTIG Research assumed coverage on shares of BrightView in a research note on Monday, December 2nd. They issued a “buy” rating and a $22.00 target price on the stock. Finally, William Blair raised shares of BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.11.

Insiders Place Their Bets

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $16.06, for a total value of $476,307.48. Following the transaction, the executive vice president now directly owns 100,354 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

BrightView 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.