BrightView Holdings, Inc. (NYSE:BV) Short Interest Update

BrightView Holdings, Inc. (NYSE:BV) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 4,580,000 shares, a decrease of 7.7% from the October 31st total of 4,960,000 shares. Based on an average daily volume of 517,100 shares, the short-interest ratio is currently 8.9 days. Approximately 7.7% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BV. Loop Capital increased their target price on shares of BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, November 15th. Morgan Stanley began coverage on shares of BrightView in a report on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 target price for the company. Robert W. Baird increased their target price on shares of BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Jefferies Financial Group raised shares of BrightView from a “hold” rating to a “buy” rating and increased their target price for the company from $13.00 to $17.00 in a report on Wednesday, August 21st. Finally, The Goldman Sachs Group raised their price objective on shares of BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $17.11.

Insider Buying and Selling

In related news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the stock in a transaction dated 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 directly owns 100,354 shares of the company’s stock, 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 link. 2.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BrightView

Institutional investors have recently modified their holdings of the business. Millburn Ridgefield Corp acquired a new position in shares of BrightView in the third quarter valued at about $45,000. FMR LLC lifted its position in shares of BrightView by 293.4% during 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 in the last quarter. Innealta Capital LLC bought a new stake in shares of BrightView in the 2nd quarter worth approximately $102,000. Quest Partners LLC purchased a new position in BrightView in the 3rd quarter valued at approximately $153,000. Finally, Kathmere Capital Management LLC purchased a new position in BrightView in the 2nd quarter valued at approximately $133,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Trading Up 2.7 %

Shares of NYSE:BV traded up $0.47 during mid-day trading on Wednesday, hitting $17.82. The stock had a trading volume of 523,343 shares, compared to its average volume of 617,299. The company has a market cap of $1.69 billion, a PE ratio of 157.74 and a beta of 1.30. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.44. The company’s 50 day moving average is $16.59 and its 200-day moving average is $15.05. BrightView has a 12-month low of $7.74 and a 12-month high of $18.89.

BrightView (NYSE:BV) last posted its 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 business had revenue of $728.70 million for the quarter, compared to analyst estimates of $723.01 million. During the same period last year, the business posted $0.14 EPS. BrightView’s revenue was down 2.0% compared to the same quarter last year. On average, sell-side analysts predict that BrightView will post 0.75 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.