Mackenzie Financial Corp Has $237,000 Stake in BrightView Holdings, Inc. (NYSE:BV)

Mackenzie Financial Corp increased its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 17.1% during the fourth quarter, Holdings Channel reports. The fund owned 28,176 shares of the company’s stock after acquiring an additional 4,124 shares during the quarter. Mackenzie Financial Corp’s holdings in BrightView were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System increased its holdings in shares of BrightView by 48.5% in the third quarter. State Board of Administration of Florida Retirement System now owns 17,443 shares of the company’s stock valued at $135,000 after purchasing an additional 5,693 shares during the last quarter. SG Americas Securities LLC acquired a new position in BrightView in the 3rd quarter valued at about $146,000. Jump Financial LLC raised its holdings in BrightView by 13.0% in the 3rd quarter. Jump Financial LLC now owns 31,977 shares of the company’s stock valued at $248,000 after acquiring an additional 3,677 shares during the period. Sonora Investment Management Group LLC grew its position in shares of BrightView by 6.1% in the third quarter. Sonora Investment Management Group LLC now owns 34,941 shares of the company’s stock valued at $271,000 after purchasing an additional 2,015 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in BrightView by 38.5% during the 3rd quarter. Hsbc Holdings PLC now owns 54,727 shares of the company’s stock worth $423,000 after buying an additional 15,204 shares during the period. Institutional investors own 92.41% of the company’s stock.

BrightView Trading Up 0.8 %

Shares of BV opened at $11.28 on Monday. The business’s fifty day moving average is $10.52 and its 200-day moving average is $8.85. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -56.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.64 and a current ratio of 1.64. BrightView Holdings, Inc. has a 52-week low of $5.16 and a 52-week high of $12.35.

BrightView (NYSE:BV) last posted its quarterly earnings results on Wednesday, January 31st. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The company had revenue of $626.70 million during the quarter, compared to analyst estimates of $651.07 million. BrightView had a negative net margin of 0.19% and a positive return on equity of 3.93%. Equities analysts anticipate that BrightView Holdings, Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Craig Hallum started coverage on BrightView in a research report on Monday, March 4th. They set a “buy” rating and a $15.00 price target on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $9.00 price target on shares of BrightView in a research note on Monday, March 4th. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $10.00 price objective (up from $8.00) on shares of BrightView in a research note on Thursday, April 4th.

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.