BrightView (NYSE:BV) Sees Large Volume Increase

Shares of BrightView Holdings, Inc. (NYSE:BV) saw an uptick in trading volume on Wednesday . 878,425 shares traded hands during mid-day trading, an increase of 51% from the previous session’s volume of 581,908 shares.The stock last traded at $11.52 and had previously closed at $11.52.

Wall Street Analysts Forecast Growth

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

BrightView Price Performance

The firm has a 50-day simple moving average of $10.36 and a 200 day simple moving average of $8.77. The firm has a market cap of $1.07 billion, a PE ratio of -57.60 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.64 and a quick ratio of 1.64.

BrightView (NYSE:BV) last released its quarterly earnings data 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). BrightView had a negative net margin of 0.19% and a positive return on equity of 3.93%. The firm had revenue of $626.70 million for the quarter, compared to the consensus estimate of $651.07 million. As a group, equities analysts expect that BrightView Holdings, Inc. will post 0.59 EPS for the current year.

Institutional Trading of BrightView

A number of institutional investors and hedge funds have recently bought and sold shares of BV. Sonora Investment Management Group LLC grew its stake in BrightView by 6.1% in the 3rd quarter. Sonora Investment Management Group LLC now owns 34,941 shares of the company’s stock worth $271,000 after acquiring an additional 2,015 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of BrightView by 59.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company’s stock valued at $61,000 after purchasing an additional 2,726 shares during the period. Jump Financial LLC grew its stake in BrightView by 13.0% in the third quarter. Jump Financial LLC now owns 31,977 shares of the company’s stock worth $248,000 after purchasing an additional 3,677 shares in the last quarter. Mackenzie Financial Corp increased its holdings in BrightView by 17.1% during the 4th quarter. Mackenzie Financial Corp now owns 28,176 shares of the company’s stock worth $237,000 after purchasing an additional 4,124 shares during the period. Finally, SG Americas Securities LLC raised its position in BrightView by 24.5% during the 4th quarter. SG Americas Securities LLC now owns 23,463 shares of the company’s stock valued at $198,000 after purchasing an additional 4,624 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

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.