Connors Investor Services Inc. Has $2.39 Million Position in BrightView Holdings, Inc. $BV

Connors Investor Services Inc. grew its holdings in BrightView Holdings, Inc. (NYSE:BV) by 37.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 188,552 shares of the company’s stock after purchasing an additional 50,881 shares during the quarter. Connors Investor Services Inc.’s holdings in BrightView were worth $2,389,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in BV. Van Berkom & Associates Inc. acquired a new stake in shares of BrightView in the third quarter valued at about $61,076,000. William Blair Investment Management LLC acquired a new stake in shares of BrightView in the third quarter valued at about $25,565,000. Cooke & Bieler LP grew its position in BrightView by 40.9% during the third quarter. Cooke & Bieler LP now owns 3,568,050 shares of the company’s stock worth $47,812,000 after buying an additional 1,035,820 shares in the last quarter. Interval Partners LP grew its position in BrightView by 60.5% during the third quarter. Interval Partners LP now owns 1,641,988 shares of the company’s stock worth $22,003,000 after buying an additional 618,875 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in BrightView by 1,964.7% during the third quarter. Two Sigma Investments LP now owns 568,466 shares of the company’s stock worth $7,617,000 after buying an additional 540,933 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BV has been the topic of a number of recent research reports. BTIG Research reissued a “buy” rating and set a $16.00 target price on shares of BrightView in a research report on Monday, May 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research report on Monday, May 4th. Morgan Stanley lifted their target price on BrightView from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. raised BrightView from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $13.00 to $14.00 in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group reissued a “sell” rating and set a $11.10 target price on shares of BrightView in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.02.

BrightView Stock Up 0.6%

Shares of BV opened at $12.60 on Friday. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -179.93 and a beta of 1.20. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.66. BrightView Holdings, Inc. has a 12 month low of $11.06 and a 12 month high of $17.10. The company has a 50-day moving average price of $12.12 and a two-hundred day moving average price of $12.64.

BrightView (NYSE:BV) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $702.90 million during the quarter, compared to analysts’ expectations of $638.80 million. BrightView had a net margin of 1.70% and a return on equity of 7.25%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. Equities analysts predict that BrightView Holdings, Inc. will post 0.57 EPS for the current fiscal year.

BrightView Company Profile

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.