Y Intercept Hong Kong Ltd Makes New $302,000 Investment in BrightView Holdings, Inc. (NYSE:BV)

Y Intercept Hong Kong Ltd acquired a new stake in shares of BrightView Holdings, Inc. (NYSE:BV) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,194 shares of the company’s stock, valued at approximately $302,000.

A number of other institutional investors also recently modified their holdings of the company. Millburn Ridgefield Corp bought a new stake in BrightView during the 3rd quarter valued at $45,000. Innealta Capital LLC acquired a new position in shares of BrightView during the second quarter valued at about $102,000. FMR LLC increased its position in shares of BrightView by 293.4% during the third quarter. FMR LLC now owns 6,884 shares of the company’s stock worth $108,000 after acquiring an additional 5,134 shares in the last quarter. Kathmere Capital Management LLC acquired a new stake in shares of BrightView in the 2nd quarter worth about $133,000. Finally, Quest Partners LLC bought a new position in BrightView in the 3rd quarter valued at about $153,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BrightView

In related news, EVP Jonathan Mark Gottsegen sold 29,658 shares of BrightView stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $16.06, for a total value of $476,307.48. Following the completion of the transaction, the executive vice president now directly owns 100,354 shares in the company, valued at approximately $1,611,685.24. The trade was a 22.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

BrightView Price Performance

BV opened at $16.72 on Wednesday. The firm has a market cap of $1.59 billion, a P/E ratio of 152.00 and a beta of 1.30. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.44. BrightView Holdings, Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $18.89. The firm has a 50-day moving average of $16.88 and a 200 day moving average of $15.28.

BrightView (NYSE:BV) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The company had revenue of $728.70 million during the quarter, compared to analyst estimates of $723.01 million. During the same quarter last year, the business posted $0.14 EPS. BrightView’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, research analysts expect that BrightView Holdings, Inc. will post 0.75 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on BV shares. The Goldman Sachs Group boosted their price objective on BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a report on Friday, November 15th. BTIG Research assumed coverage on BrightView in a research report on Monday, December 2nd. They issued a “buy” rating and a $22.00 price target for the company. Robert W. Baird lifted their price objective on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Jefferies Financial Group upgraded shares of BrightView from a “hold” rating to a “buy” rating and upped their target price for the stock from $13.00 to $17.00 in a research note on Wednesday, August 21st. Finally, Loop Capital boosted their price target on shares of BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.11.

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.