BrightView (NYSE:BV) Sets New 12-Month High at $11.80

BrightView Holdings, Inc. (NYSE:BV)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $11.80 and last traded at $11.75, with a volume of 525877 shares. The stock had previously closed at $11.40.

Wall Street Analyst Weigh In

BV has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $9.00 price objective on shares of BrightView in a research report on Monday, March 4th. Craig Hallum started coverage on BrightView in a research note on Monday, March 4th. They set a “buy” rating and a $15.00 price target on the stock.

BrightView Stock Up 4.5 %

The company has a debt-to-equity ratio of 0.73, a current ratio of 1.64 and a quick ratio of 1.64. The business’s fifty day moving average is $9.26 and its 200-day moving average is $8.29.

BrightView (NYSE:BV) last announced its quarterly earnings data on Wednesday, January 31st. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). BrightView had a negative net margin of 0.19% and a positive return on equity of 3.93%. The company had revenue of $626.70 million for the quarter, compared to analysts’ expectations of $651.07 million. On average, research analysts predict that BrightView Holdings, Inc. will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On BrightView

Several large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its position in BrightView by 89.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,420 shares of the company’s stock worth $27,000 after purchasing an additional 1,619 shares during the period. Royal Bank of Canada boosted its position in shares of BrightView by 47.8% in the second quarter. Royal Bank of Canada now owns 4,317 shares of the company’s stock worth $31,000 after buying an additional 1,396 shares during the period. Point72 Middle East FZE acquired a new stake in shares of BrightView in the fourth quarter valued at about $30,000. Lazard Asset Management LLC purchased a new stake in shares of BrightView during the 3rd quarter valued at about $55,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in BrightView by 59.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company’s stock worth $61,000 after acquiring an additional 2,726 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

About BrightView

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.