BrightView (NYSE:BV) Director William Cornog Acquires 50,000 Shares

BrightView Holdings, Inc. (NYSE:BV) Director William Cornog acquired 50,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of $11.25 per share, with a total value of $562,500.00. Following the completion of the purchase, the director directly owned 70,000 shares of the company’s stock, valued at approximately $787,500. This represents a 250.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BrightView Trading Up 3.5%

Shares of BV stock traded up $0.38 on Thursday, hitting $10.97. The stock had a trading volume of 1,998,090 shares, compared to its average volume of 715,344. The company’s 50 day moving average price is $13.50 and its 200-day moving average price is $12.96. BrightView Holdings, Inc. has a 1 year low of $10.42 and a 1 year high of $15.82. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market capitalization of $1.02 billion, a P/E ratio of -43.90 and a beta of 1.18.

BrightView (NYSE:BV) last announced its earnings results 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 5.00%. The firm had revenue of $717.60 million for the quarter, compared to analysts’ expectations of $726.13 million. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. Analysts anticipate that BrightView Holdings, Inc. will post 0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BV shares. Oppenheimer started coverage on shares of BrightView in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 price objective on the stock. BTIG Research reaffirmed a “buy” rating and set a $16.00 price objective on shares of BrightView in a research report on Monday, May 11th. Morgan Stanley dropped their price objective on BrightView from $14.00 to $12.50 and set an “equal weight” rating on the stock in a report on Thursday. Zacks Research lowered BrightView from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Finally, Robert W. Baird set a $14.00 target price on BrightView in a research note on Wednesday. One 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. According to data from MarketBeat, BrightView currently has a consensus rating of “Hold” and a consensus target price of $14.10.

Hedge Funds Weigh In On BrightView

Several hedge funds have recently made changes to their positions in the company. Bfsg LLC acquired a new stake in shares of BrightView during the fourth quarter worth about $49,000. BNP Paribas Financial Markets boosted its position in shares of BrightView by 66.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock valued at $93,000 after purchasing an additional 2,240 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of BrightView by 225.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock valued at $94,000 after purchasing an additional 3,909 shares during the period. Glenmede Investment Management LP purchased a new position in BrightView during the 3rd quarter worth approximately $139,000. Finally, Janney Montgomery Scott LLC acquired a new position in BrightView during the first quarter worth approximately $145,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

About BrightView

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.