SG Americas Securities LLC Takes $516,000 Position in BrightView Holdings, Inc. $BV

SG Americas Securities LLC purchased a new position in BrightView Holdings, Inc. (NYSE:BV) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 38,511 shares of the company’s stock, valued at approximately $516,000.

Several other institutional investors also recently added to or reduced their stakes in BV. IFP Advisors Inc raised its position in BrightView by 54.2% in the second quarter. IFP Advisors Inc now owns 2,385 shares of the company’s stock worth $40,000 after acquiring an additional 838 shares during the period. BNP Paribas Financial Markets increased its stake in shares of BrightView by 66.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock worth $93,000 after purchasing an additional 2,240 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of BrightView by 225.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock worth $94,000 after purchasing an additional 3,909 shares during the period. CWM LLC raised its holdings in shares of BrightView by 86.2% in the 2nd quarter. CWM LLC now owns 6,364 shares of the company’s stock worth $106,000 after purchasing an additional 2,946 shares during the period. Finally, Man Group plc purchased a new position in BrightView in the second quarter valued at approximately $185,000. Institutional investors own 92.41% of the company’s stock.

BrightView Stock Down 3.0%

Shares of NYSE BV opened at $13.20 on Friday. BrightView Holdings, Inc. has a 52 week low of $11.06 and a 52 week high of $17.10. The business has a 50-day simple moving average of $12.75 and a two-hundred day simple moving average of $13.62. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.25 billion, a P/E ratio of 329.88 and a beta of 1.28.

BrightView (NYSE:BV) last announced 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). BrightView had a net margin of 2.10% and a return on equity of 8.43%. The company had revenue of $702.80 million for the quarter, compared to the consensus estimate of $718.03 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis. Research analysts anticipate that BrightView Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In other BrightView news, EVP Jonathan Mark Gottsegen sold 35,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $12.62, for a total value of $441,700.00. Following the transaction, the executive vice president directly owned 142,958 shares in the company, valued at $1,804,129.96. This represents a 19.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William L. Cornog purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were acquired at an average price of $12.84 per share, with a total value of $128,400.00. Following the transaction, the director owned 30,000 shares in the company, valued at approximately $385,200. The trade was a 50.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. The Goldman Sachs Group lowered their target price on BrightView from $13.50 to $10.50 and set a “sell” rating on the stock in a research note on Thursday, November 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of BrightView in a report on Wednesday. Zacks Research raised shares of BrightView from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Robert W. Baird cut their target price 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. Finally, Morgan Stanley lifted their target price on shares of BrightView from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, BrightView presently has an average rating of “Moderate Buy” and an average price target of $14.70.

BrightView Profile

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.