BrightView (NYSE:BV) Hits New 52-Week Low – Here’s Why

BrightView Holdings, Inc. (NYSE:BV)’s share price reached a new 52-week low on Friday . The company traded as low as $11.81 and last traded at $11.8090, with a volume of 50918 shares traded. The stock had previously closed at $11.89.

Wall Street Analyst Weigh In

Several analysts have issued reports on BV shares. Weiss Ratings reissued a “hold (c-)” rating on shares of BrightView in a research note on Wednesday, October 8th. Zacks Research upgraded BrightView from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Wall Street Zen cut BrightView from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.98.

BrightView Stock Down 1.0%

The firm has a market cap of $1.12 billion, a P/E ratio of 392.17 and a beta of 1.29. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $13.32 and a 200-day moving average price of $14.72.

BrightView (NYSE:BV) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The business had revenue of $708.30 million during the quarter, compared to analysts’ expectations of $763.43 million. BrightView had a return on equity of 8.76% and a net margin of 2.00%.BrightView’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. On average, equities analysts forecast that BrightView Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Insider Transactions at BrightView

In other news, EVP Amanda Marie Orders sold 70,000 shares of BrightView stock in a transaction on Monday, August 25th. The stock was sold at an average price of $14.78, for a total value of $1,034,600.00. Following the transaction, the executive vice president directly owned 38,446 shares in the company, valued at approximately $568,231.88. This trade represents a 64.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On BrightView

Institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP raised its holdings in BrightView by 53.2% in the third quarter. GSA Capital Partners LLP now owns 35,064 shares of the company’s stock worth $470,000 after purchasing an additional 12,176 shares in the last quarter. Rhumbline Advisers grew its position in shares of BrightView by 1.9% in the 3rd quarter. Rhumbline Advisers now owns 94,158 shares of the company’s stock worth $1,262,000 after buying an additional 1,733 shares during the last quarter. Optimize Financial Inc raised its stake in shares of BrightView by 25.8% during the 3rd quarter. Optimize Financial Inc now owns 22,078 shares of the company’s stock worth $296,000 after acquiring an additional 4,524 shares in the last quarter. Van Berkom & Associates Inc. bought a new position in shares of BrightView during the 3rd quarter worth approximately $61,076,000. Finally, State of Wyoming grew its holdings in BrightView by 42.1% in the third quarter. State of Wyoming now owns 34,384 shares of the company’s stock worth $461,000 after purchasing an additional 10,186 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

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.