BrightView (NYSE:BV) Sees Unusually-High Trading Volume

BrightView Holdings, Inc. (NYSE:BV) saw unusually-strong trading volume on Wednesday . Approximately 878,425 shares changed hands during mid-day trading, an increase of 51% from the previous session’s volume of 581,908 shares.The stock last traded at $11.52 and had previously closed at $11.52.

Analyst Ratings Changes

Several equities research analysts have weighed in on BV shares. Jefferies Financial Group reiterated a “hold” rating and issued a $9.00 price objective on shares of BrightView in a report on Monday, March 4th. Craig Hallum started coverage on BrightView in a report on Monday, March 4th. They issued a “buy” rating and a $15.00 target price for the company. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $10.00 target price (up previously from $8.00) on shares of BrightView in a report on Thursday, April 4th.

BrightView Stock Up 0.8 %

The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.73. The company has a market cap of $1.07 billion, a P/E ratio of -56.42 and a beta of 1.23. The company has a fifty day moving average of $10.52 and a 200 day moving average of $8.83.

BrightView (NYSE:BV) last issued its quarterly earnings data on Wednesday, January 31st. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). BrightView had a positive return on equity of 3.93% and a negative net margin of 0.19%. The firm had revenue of $626.70 million during the quarter, compared to the consensus estimate of $651.07 million. On average, research analysts anticipate that BrightView Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of BrightView

Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in BrightView by 59.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company’s stock valued at $61,000 after purchasing an additional 2,726 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in BrightView during the fourth quarter valued at $91,000. Teacher Retirement System of Texas purchased a new position in BrightView during the fourth quarter valued at $92,000. Aigen Investment Management LP purchased a new position in BrightView during the fourth quarter valued at $94,000. Finally, Tower Research Capital LLC TRC lifted its position in BrightView by 977.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,584 shares of the company’s stock valued at $98,000 after purchasing an additional 10,509 shares in the last quarter. 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.