BrightView (NYSE:BV) EVP Jonathan Mark Gottsegen Sells 35,000 Shares

BrightView Holdings, Inc. (NYSE:BV) EVP Jonathan Mark Gottsegen sold 35,000 shares of BrightView stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $12.62, for a total value of $441,700.00. Following the transaction, the executive vice president directly owned 142,958 shares in the company, valued at approximately $1,804,129.96. The trade was a 19.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

BrightView Price Performance

NYSE BV traded up $0.02 on Wednesday, reaching $12.80. The company’s stock had a trading volume of 683,076 shares, compared to its average volume of 773,036. BrightView Holdings, Inc. has a twelve month low of $11.06 and a twelve month high of $18.08. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.29. The firm’s 50 day moving average is $12.73 and its two-hundred day moving average is $14.41. The stock has a market cap of $1.21 billion, a PE ratio of 319.88 and a beta of 1.30.

BrightView (NYSE:BV) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). BrightView had a return on equity of 8.43% and a net margin of 2.10%.The business had revenue of $702.80 million during the quarter, compared to analyst estimates of $718.03 million. During the same period in the prior year, the firm earned $0.30 EPS. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, sell-side analysts predict that BrightView Holdings, Inc. will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BV shares. Zacks Research raised BrightView from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group decreased their price target on BrightView from $13.50 to $10.50 and set a “sell” rating for the company in a research report on Thursday, November 20th. Morgan Stanley cut their price objective on BrightView from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of BrightView in a report on Wednesday, October 8th. Finally, Robert W. Baird cut their price target on shares of BrightView from $19.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.50.

Hedge Funds Weigh In On BrightView

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of BrightView by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 4,921,321 shares of the company’s stock worth $65,944,000 after purchasing an additional 114,602 shares in the last quarter. Van Berkom & Associates Inc. purchased a new position in BrightView during the third quarter valued at approximately $61,076,000. Cooke & Bieler LP increased its stake in BrightView by 40.9% in the 3rd quarter. Cooke & Bieler LP now owns 3,568,050 shares of the company’s stock valued at $47,812,000 after buying an additional 1,035,820 shares during the period. Harvey Partners LLC lifted its position in BrightView by 5.0% in the 3rd quarter. Harvey Partners LLC now owns 2,949,000 shares of the company’s stock worth $39,517,000 after buying an additional 141,000 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in BrightView by 52.4% in the 2nd quarter. Bessemer Group Inc. now owns 2,424,001 shares of the company’s stock worth $40,362,000 after buying an additional 833,469 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

About BrightView

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.