Key Points
- Insider sale: EVP Jonathan Mark Gottsegen sold 35,000 shares on Dec. 1 at an average price of $12.62 for about $441,700, cutting his stake by 19.67% to 142,958 shares (≈$1.80M).
- Company performance & outlook: BrightView missed Q earnings (EPS $0.27 vs. $0.32 expected) with revenue down 3.6% Y/Y to $702.8M; the stock trades near $12.80, market cap ≈$1.21B, and has a consensus analyst rating of "Hold" with a $14.50 target.
BrightView Holdings, Inc. (NYSE:BV - Get Free Report) Director William Cornog acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $12.84 per share, with a total value of $128,400.00. Following the acquisition, the director directly owned 30,000 shares of the company's stock, valued at $385,200. This trade represents a 50.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
BrightView Price Performance
BrightView stock opened at $12.80 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $12.72 and a 200 day moving average price of $14.40. BrightView Holdings, Inc. has a 12-month low of $11.06 and a 12-month high of $18.08. The stock has a market cap of $1.21 billion, a P/E ratio of 319.88 and a beta of 1.30.
BrightView (NYSE:BV - Get Free Report) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). The firm had revenue of $702.80 million during the quarter, compared to analysts' expectations of $718.03 million. BrightView had a net margin of 2.10% and a return on equity of 8.43%. The business's quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the company earned $0.30 EPS. Sell-side analysts anticipate that BrightView Holdings, Inc. will post 0.73 earnings per share for the current year.
Institutional Investors Weigh In On BrightView
A number of hedge funds have recently bought and sold shares of BV. IFP Advisors Inc boosted its stake in shares of BrightView by 54.2% in the 2nd quarter. IFP Advisors Inc now owns 2,385 shares of the company's stock valued at $40,000 after buying an additional 838 shares during the period. BNP Paribas Financial Markets raised its holdings in BrightView by 66.8% in the second quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company's stock valued at $93,000 after acquiring an additional 2,240 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in BrightView by 225.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company's stock valued at $94,000 after acquiring an additional 3,909 shares in the last quarter. CWM LLC lifted its stake in BrightView by 86.2% in the second quarter. CWM LLC now owns 6,364 shares of the company's stock worth $106,000 after acquiring an additional 2,946 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in BrightView during the 3rd quarter worth approximately $85,000. Institutional investors and hedge funds own 92.41% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on BV. Weiss Ratings restated a "hold (c-)" rating on shares of BrightView in a research report on Wednesday, October 8th. Morgan Stanley cut their price objective on BrightView from $16.00 to $12.00 and set an "equal weight" rating for the company in a research report on Thursday, November 20th. BTIG Research initiated coverage on shares of BrightView in a research report on Monday. They issued a "buy" rating and a $15.00 target price on the stock. Wall Street Zen lowered shares of BrightView from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Robert W. Baird dropped their price target on shares of BrightView from $19.00 to $15.00 and set an "outperform" rating for the company in a research report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, BrightView has an average rating of "Hold" and a consensus price target of $14.50.
View Our Latest Analysis on BrightView
BrightView Company Profile
(
Get Free Report)
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.
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