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

BrightView Holdings, Inc. (NYSE:BV)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $18.25, but opened at $16.74. BrightView shares last traded at $17.18, with a volume of 121,145 shares traded.

Analyst Ratings Changes

Several brokerages recently commented on BV. Robert W. Baird lifted their price target on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday. Jefferies Financial Group upgraded shares of BrightView from a “hold” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $17.00 in a research note on Wednesday, August 21st. JPMorgan Chase & Co. lifted their price target on shares of BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. Morgan Stanley began coverage on shares of BrightView in a research note on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price target on the stock. Finally, Loop Capital upgraded shares of BrightView to a “strong-buy” rating in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, BrightView presently has an average rating of “Moderate Buy” and a consensus target price of $15.90.

BrightView Trading Down 12.5 %

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 138.59 and a beta of 1.28. The business’s 50 day simple moving average is $16.20 and its 200 day simple moving average is $14.63.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BV. Susquehanna Fundamental Investments LLC acquired a new position in BrightView in the first quarter valued at $155,000. Sei Investments Co. increased its stake in shares of BrightView by 6.1% during the first quarter. Sei Investments Co. now owns 238,834 shares of the company’s stock worth $2,842,000 after acquiring an additional 13,756 shares during the period. Russell Investments Group Ltd. increased its stake in shares of BrightView by 173.7% during the first quarter. Russell Investments Group Ltd. now owns 29,563 shares of the company’s stock worth $352,000 after acquiring an additional 18,763 shares during the period. Vanguard Group Inc. increased its stake in shares of BrightView by 4.8% during the first quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company’s stock worth $47,975,000 after acquiring an additional 185,327 shares during the period. Finally, Hillsdale Investment Management Inc. increased its stake in shares of BrightView by 8.6% during the first quarter. Hillsdale Investment Management Inc. now owns 476,000 shares of the company’s stock worth $5,664,000 after acquiring an additional 37,600 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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.