Key Points
- Director William Cornog acquired 5,000 shares of BrightView on Feb. 6 at an average price of $13.46, a $67,300 purchase that brings his holdings to 5,000 shares.
- BrightView reported Q ( Feb. 3) EPS of ($0.01), missing the $0.01 estimate, but revenue beat at $614.7M, up 2.6% year-over-year.
- Analyst sentiment is mixed with a consensus "Hold" and an average target of $14.52, while institutional investors own about 92.41% of the company.
BrightView Holdings, Inc. (NYSE:BV - Get Free Report) Director William Cornog acquired 5,000 shares of BrightView stock in a transaction on Friday, February 6th. The stock was purchased at an average price of $13.46 per share, with a total value of $67,300.00. Following the purchase, the director owned 5,000 shares of the company's stock, valued at $67,300. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
BrightView Stock Performance
Shares of BV opened at $13.45 on Tuesday. The company's 50 day simple moving average is $12.98 and its 200-day simple moving average is $13.41. BrightView Holdings, Inc. has a 12-month low of $11.06 and a 12-month high of $17.10. The firm has a market cap of $1.27 billion, a PE ratio of -672.25 and a beta of 1.28. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.64.
BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). BrightView had a return on equity of 7.85% and a net margin of 1.90%.The business had revenue of $614.70 million for the quarter, compared to analysts' expectations of $589.91 million. During the same period in the previous year, the business posted $0.04 earnings per share. The company's revenue for the quarter was up 2.6% on a year-over-year basis. As a group, equities analysts predict that BrightView Holdings, Inc. will post 0.73 EPS for the current year.
Analysts Set New Price Targets
Several research analysts have weighed in on BV shares. Morgan Stanley lifted their target price on BrightView from $12.00 to $13.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 17th. The Goldman Sachs Group reiterated a "sell" rating and issued a $11.10 price objective on shares of BrightView in a research report on Monday. Weiss Ratings downgraded shares of BrightView from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, February 4th. CJS Securities raised shares of BrightView to a "strong-buy" rating in a report on Thursday, December 11th. Finally, Zacks Research raised shares of BrightView from a "strong sell" rating to a "hold" rating in a report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, BrightView presently has a consensus rating of "Hold" and an average target price of $14.52.
View Our Latest Stock Report on BV
Institutional Investors Weigh In On BrightView
Several institutional investors have recently modified their holdings of BV. Redmond Asset Management LLC increased its stake in BrightView by 0.7% in the 4th quarter. Redmond Asset Management LLC now owns 173,716 shares of the company's stock valued at $2,201,000 after purchasing an additional 1,238 shares in the last quarter. Royce & Associates LP purchased a new position in shares of BrightView in the fourth quarter valued at $5,293,000. Bleakley Financial Group LLC raised its stake in shares of BrightView by 31.0% during the 4th quarter. Bleakley Financial Group LLC now owns 103,577 shares of the company's stock worth $1,312,000 after buying an additional 24,523 shares during the last quarter. Cooke & Bieler LP boosted its position in shares of BrightView by 2.3% in the 4th quarter. Cooke & Bieler LP now owns 3,648,496 shares of the company's stock worth $46,226,000 after buying an additional 80,446 shares in the last quarter. Finally, Connors Investor Services Inc. grew its stake in BrightView by 37.0% in the 4th quarter. Connors Investor Services Inc. now owns 188,552 shares of the company's stock valued at $2,389,000 after acquiring an additional 50,881 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.
About BrightView
(
Get Free Report)
BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company's core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.
BrightView's service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.
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