Hillsdale Investment Management Inc. Sells 30,300 Shares of BrightView Holdings, Inc. (NYSE:BV)

Hillsdale Investment Management Inc. decreased its stake in BrightView Holdings, Inc. (NYSE:BV) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 393,000 shares of the company’s stock after selling 30,300 shares during the period. Hillsdale Investment Management Inc. owned 0.41% of BrightView worth $6,284,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in BV. Principal Financial Group Inc. bought a new stake in BrightView in the third quarter worth about $723,000. GSA Capital Partners LLP purchased a new position in shares of BrightView in the third quarter worth about $404,000. Natixis Advisors LLC increased its stake in shares of BrightView by 49.1% in the third quarter. Natixis Advisors LLC now owns 74,222 shares of the company’s stock worth $1,168,000 after purchasing an additional 24,443 shares in the last quarter. Quest Partners LLC purchased a new position in shares of BrightView in the third quarter worth about $153,000. Finally, Intech Investment Management LLC purchased a new position in shares of BrightView in the third quarter worth about $251,000. Institutional investors own 92.41% of the company’s stock.

BrightView Price Performance

Shares of NYSE:BV opened at $13.11 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.63. BrightView Holdings, Inc. has a 12 month low of $10.69 and a 12 month high of $18.89. The stock has a market cap of $1.25 billion, a P/E ratio of 72.81 and a beta of 1.32. The company has a 50 day moving average of $14.36 and a 200 day moving average of $15.61.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. BTIG Research assumed coverage on shares of BrightView in a research note on Monday, December 2nd. They issued a “buy” rating and a $22.00 target price for the company. Morgan Stanley lifted their target price 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 equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.41.

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.