BrightView Sees Unusually High Options Volume (NYSE:BV)

BrightView Holdings, Inc. (NYSE:BV) saw unusually large options trading on Friday. Stock investors acquired 5,781 call options on the stock. This is an increase of 57,710% compared to the average volume of 10 call options.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of BrightView from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research report on Thursday, August 6th. Wall Street Zen upgraded BrightView from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. Robert W. Baird set a $14.00 price target on shares of BrightView in a research report on Wednesday, August 5th. Zacks Research cut shares of BrightView from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $14.10.

Insider Activity at BrightView

In related news, Director William Cornog bought 50,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were purchased at an average price of $11.25 per share, with a total value of $562,500.00. Following the transaction, the director owned 70,000 shares in the company, valued at $787,500. This trade represents a 250.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BV. Sequoia Financial Advisors LLC bought a new stake in shares of BrightView in the second quarter worth $182,000. Engineers Gate Manager LP increased its position in BrightView by 118.9% in the 2nd quarter. Engineers Gate Manager LP now owns 34,800 shares of the company’s stock valued at $493,000 after acquiring an additional 18,900 shares during the period. Empowered Funds LLC bought a new stake in shares of BrightView during the second quarter valued at about $6,189,000. AWH Capital L.P. acquired a new position in shares of BrightView during the second quarter valued at approximately $6,022,250. Finally, Public Employees Retirement System of Ohio acquired a new stake in BrightView in the second quarter worth approximately $41,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Price Performance

BV stock traded up $0.35 during trading on Friday, hitting $10.27. The stock had a trading volume of 262,360 shares, compared to its average volume of 754,070. The company’s 50-day moving average price is $11.82 and its two-hundred day moving average price is $12.37. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $956.70 million, a P/E ratio of -41.22, a PEG ratio of 1.77 and a beta of 1.17. BrightView has a twelve month low of $9.81 and a twelve month high of $15.00.

BrightView (NYSE:BV) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). BrightView had a net margin of 0.74% and a return on equity of 5.03%. The firm had revenue of $717.60 million during the quarter, compared to analysts’ expectations of $726.13 million. During the same period in the prior year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, research analysts predict that BrightView will post 0.4 EPS for the current fiscal year.

BrightView Company Profile

BrightView Holdings, Inc provides commercial landscaping services in the United States. The company serves businesses, municipalities, educational institutions, healthcare facilities, homeowners’ associations, sports and entertainment venues, and other organizations that require landscape management and related outdoor services.

Its services include landscape maintenance, landscape design and development, irrigation installation and management, tree care, water management, and snow and ice removal.