Monimus Capital Management LP Takes Position in BrightView Holdings, Inc. (NYSE:BV)

Monimus Capital Management LP acquired a new stake in BrightView Holdings, Inc. (NYSE:BV) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 88,387 shares of the company’s stock, valued at approximately $1,413,000. BrightView accounts for approximately 1.3% of Monimus Capital Management LP’s investment portfolio, making the stock its 29th largest holding. Monimus Capital Management LP owned approximately 0.09% of BrightView as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of BV. Thompson Siegel & Walmsley LLC grew its stake in shares of 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 period. Geode Capital Management LLC grew its position in BrightView by 18.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company’s stock worth $21,057,000 after acquiring an additional 206,359 shares during the last quarter. State Street Corp grew its position in BrightView by 17.1% during the 3rd quarter. State Street Corp now owns 1,211,909 shares of the company’s stock worth $19,075,000 after acquiring an additional 177,105 shares during the last quarter. Harvey Partners LLC grew its position in BrightView by 9.1% during the 3rd quarter. Harvey Partners LLC now owns 1,870,000 shares of the company’s stock worth $29,434,000 after acquiring an additional 156,500 shares during the last quarter. Finally, Portolan Capital Management LLC grew its position in BrightView by 27.9% during the 3rd quarter. Portolan Capital Management LLC now owns 620,515 shares of the company’s stock worth $9,767,000 after acquiring an additional 135,350 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

BrightView Stock Performance

BV stock opened at $13.25 on Friday. The business’s fifty day moving average is $14.57 and its 200-day moving average is $15.69. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.26 billion, a P/E ratio of 73.58 and a beta of 1.32. BrightView Holdings, Inc. has a twelve month low of $10.10 and a twelve month high of $18.89.

Wall Street Analyst Weigh In

A number of research firms recently commented on BV. William Blair upgraded BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. Morgan Stanley increased their price target on BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. BTIG Research began coverage on BrightView in a report on Monday, December 2nd. They set a “buy” rating and a $22.00 price objective on the stock. The Goldman Sachs Group upped their price objective on BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a report on Friday, November 15th. Finally, Loop Capital upped their price objective on BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.41.

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.