BrightView (NYSE:BV) Shares Gap Up – What’s Next?

Shares of BrightView Holdings, Inc. (NYSE:BV) gapped up before the market opened on Wednesday . The stock had previously closed at $13.02, but opened at $13.53. BrightView shares last traded at $13.30, with a volume of 31,619 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BV shares. BTIG Research started coverage on shares of BrightView in a research note on Monday, December 2nd. They set a “buy” rating and a $22.00 price target for the company. Morgan Stanley raised their price target on shares of BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, BrightView presently has an average rating of “Moderate Buy” and an average price target of $17.41.

BrightView Price Performance

The firm has a market capitalization of $1.28 billion, a PE ratio of 74.36 and a beta of 1.32. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. The business’s 50 day moving average is $14.39 and its two-hundred day moving average is $15.63.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Sterling Capital Management LLC grew its stake in BrightView by 832.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,864 shares of the company’s stock valued at $30,000 after buying an additional 1,664 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of BrightView by 181.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company’s stock valued at $37,000 after purchasing an additional 1,475 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in shares of BrightView during the 3rd quarter valued at $45,000. NewEdge Advisors LLC purchased a new position in shares of BrightView during the 4th quarter valued at $56,000. Finally, New York State Teachers Retirement System grew its position in shares of BrightView by 32.1% during the 4th quarter. New York State Teachers Retirement System now owns 5,326 shares of the company’s stock valued at $85,000 after purchasing an additional 1,293 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

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.