BrightView Holdings, Inc. (NYSE:BV) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. cut its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,914 shares of the company’s stock after selling 2,182 shares during the period. Corebridge Financial Inc.’s holdings in BrightView were worth $462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of BrightView by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,830,873 shares of the company’s stock valued at $93,236,000 after buying an additional 59,857 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in BrightView in the fourth quarter valued at $179,000. Knights of Columbus Asset Advisors LLC bought a new position in BrightView during the 4th quarter valued at $1,727,000. American Century Companies Inc. grew its holdings in BrightView by 14.7% during the 4th quarter. American Century Companies Inc. now owns 116,231 shares of the company’s stock worth $1,859,000 after acquiring an additional 14,915 shares in the last quarter. Finally, Boston Partners increased its position in shares of BrightView by 514.6% in the 4th quarter. Boston Partners now owns 579,159 shares of the company’s stock worth $9,260,000 after purchasing an additional 484,928 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Morgan Stanley increased their price target on shares of BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.41.

BrightView Price Performance

BV opened at $12.18 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $13.59 and its 200 day moving average price is $15.39. BrightView Holdings, Inc. has a fifty-two week low of $10.69 and a fifty-two week high of $18.89. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 67.64 and a beta of 1.26.

BrightView 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.