BrightView Holdings, Inc. (NYSE:BV) Short Interest Update

BrightView Holdings, Inc. (NYSE:BV) saw a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 4,580,000 shares, a decrease of 7.7% from the October 31st total of 4,960,000 shares. Currently, 7.7% of the company’s shares are sold short. Based on an average daily volume of 517,100 shares, the days-to-cover ratio is presently 8.9 days.

Insiders Place Their Bets

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of BrightView stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $16.06, for a total value of $476,307.48. Following the completion of the transaction, the executive vice president now directly owns 100,354 shares in the company, valued at $1,611,685.24. The trade was a 22.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On BrightView

Large investors have recently bought and sold shares of the stock. Driehaus Capital Management LLC purchased a new position in shares of BrightView in the 2nd quarter valued at about $13,086,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of BrightView in the second quarter valued at approximately $9,857,000. Dimensional Fund Advisors LP grew its position in shares of BrightView by 28.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,140,676 shares of the company’s stock worth $41,772,000 after acquiring an additional 695,987 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of BrightView by 150.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 632,394 shares of the company’s stock valued at $9,954,000 after acquiring an additional 379,916 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its position in BrightView by 704.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 339,054 shares of the company’s stock valued at $5,337,000 after purchasing an additional 296,931 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Trading Up 2.7 %

NYSE BV traded up $0.47 on Wednesday, reaching $17.82. 523,343 shares of the company were exchanged, compared to its average volume of 617,299. The business’s fifty day moving average price is $16.59 and its 200 day moving average price is $15.05. The stock has a market capitalization of $1.69 billion, a P/E ratio of 157.74 and a beta of 1.30. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.63. BrightView has a fifty-two week low of $7.74 and a fifty-two week high of $18.89.

BrightView (NYSE:BV) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The business had revenue of $728.70 million for the quarter, compared to analyst estimates of $723.01 million. During the same quarter in the prior year, the company posted $0.14 EPS. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts forecast that BrightView will post 0.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Morgan Stanley initiated coverage on shares of BrightView in a research report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 target price on the stock. The Goldman Sachs Group increased their target price on shares of BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a report on Friday, November 15th. Loop Capital increased their price objective on shares of BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. William Blair raised shares of BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. Finally, BTIG Research assumed coverage on shares of BrightView in a research report on Monday. They issued a “buy” rating and a $22.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.11.

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.