Strs Ohio Acquires 16,900 Shares of BrightView Holdings, Inc. (NYSE:BV)

Strs Ohio grew its holdings in shares of BrightView Holdings, Inc. (NYSE:BV – Get Rating) by 30.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,900 shares of the company’s stock after purchasing an additional 16,900 shares during the quarter. Strs Ohio owned about 0.08% of BrightView worth $570,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC boosted its position in shares of BrightView by 18.8% in the second quarter. Peregrine Capital Management LLC now owns 809,295 shares of the company’s stock valued at $9,712,000 after acquiring an additional 128,169 shares during the period. Kestrel Investment Management Corp boosted its position in shares of BrightView by 33.2% in the second quarter. Kestrel Investment Management Corp now owns 133,400 shares of the company’s stock valued at $1,601,000 after acquiring an additional 33,275 shares during the period. CastleKnight Management LP boosted its position in shares of BrightView by 1.9% in the second quarter. CastleKnight Management LP now owns 229,131 shares of the company’s stock valued at $2,750,000 after acquiring an additional 4,216 shares during the period. Contrarian Capital Management L.L.C. bought a new position in shares of BrightView in the second quarter valued at approximately $604,000. Finally, Corton Capital Inc. bought a new position in shares of BrightView in the second quarter valued at approximately $141,000. Institutional investors own 94.15% of the company’s stock.

Analyst Ratings Changes

BV has been the subject of a number of analyst reports. The Goldman Sachs Group cut their price objective on shares of BrightView from $10.50 to $9.10 and set a “neutral” rating for the company in a research report on Tuesday, January 10th. JPMorgan Chase & Co. lowered their target price on shares of BrightView from $10.00 to $7.00 in a research note on Tuesday, November 22nd. TheStreet downgraded shares of BrightView from a “c-” rating to a “d+” rating in a research note on Thursday, December 1st. Finally, Jefferies Financial Group downgraded shares of BrightView from a “buy” rating to a “hold” rating and lowered their target price for the company from $14.00 to $8.00 in a research note on Monday, November 21st.

BrightView Trading Down 0.3 %

BV stock opened at $7.78 on Thursday. The company has a market capitalization of $723.54 million, a PE ratio of 45.77 and a beta of 1.27. BrightView Holdings, Inc. has a one year low of $5.78 and a one year high of $14.07. The company’s 50 day moving average price is $7.22 and its two-hundred day moving average price is $9.02. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.39 and a current ratio of 1.39.

BrightView Profile

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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.