Harbor Capital Advisors Inc. Boosts Stock Position in BrightView Holdings, Inc. (NYSE:BV)

Harbor Capital Advisors Inc. grew its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 150.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 632,394 shares of the company’s stock after buying an additional 379,916 shares during the quarter. Harbor Capital Advisors Inc. owned 0.67% of BrightView worth $9,954,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Rice Hall James & Associates LLC raised its holdings in BrightView by 24.6% in the third quarter. Rice Hall James & Associates LLC now owns 231,835 shares of the company’s stock valued at $3,649,000 after acquiring an additional 45,793 shares in the last quarter. Creative Planning raised its stake in shares of BrightView by 7.0% in the 3rd quarter. Creative Planning now owns 24,019 shares of the company’s stock valued at $378,000 after purchasing an additional 1,564 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of BrightView by 73.1% during the third quarter. SG Americas Securities LLC now owns 13,563 shares of the company’s stock worth $213,000 after purchasing an additional 5,727 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of BrightView by 12.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 471,769 shares of the company’s stock worth $6,275,000 after purchasing an additional 51,888 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in BrightView in the second quarter worth about $13,086,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on BV. Baird R W raised BrightView from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $17.00 in a research note on Wednesday, August 21st. Robert W. Baird upgraded shares of BrightView from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $13.00 to $17.00 in a research note on Tuesday, July 30th. The Goldman Sachs Group raised their price target on shares of BrightView from $10.00 to $11.30 and gave the stock a “sell” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley assumed coverage on shares of BrightView in a research report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.47.

BrightView Stock Performance

Shares of BV opened at $16.67 on Friday. The firm has a fifty day moving average of $15.83 and a 200-day moving average of $14.22. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 138.92 and a beta of 1.28. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.45 and a current ratio of 1.45. BrightView Holdings, Inc. has a 1 year low of $6.78 and a 1 year high of $17.49.

BrightView (NYSE:BV) last posted its earnings results on Wednesday, July 31st. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. BrightView had a net margin of 2.06% and a return on equity of 6.27%. The firm had revenue of $738.80 million during the quarter, compared to analysts’ expectations of $736.94 million. During the same quarter in the prior year, the firm earned $0.40 EPS. BrightView’s quarterly revenue was down 3.6% on a year-over-year basis. As a group, equities analysts anticipate that BrightView Holdings, Inc. will post 0.66 earnings per share for the current year.

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.