BrightView Holdings, Inc. (NYSE:BV) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• BrightView Holdings, Inc. has received an average recommendation of "Hold" from eight brokerages, with ratings that include two sells, two holds, and four buys.
• The company's stock saw a recent drop of 2.7%, starting at $12.95, with a market cap of $1.23 billion and a 52-week trading range between $11.81 and $18.89.
• Insider sales were noted, as EVP Amanda Marie Orders sold 70,000 shares for approximately $1.03 million, representing a significant reduction of 64.55% in her holdings.

BrightView Holdings, Inc. (NYSE:BV - Get Free Report) has been given a consensus recommendation of "Hold" by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $17.98.

A number of analysts have weighed in on the company. Wall Street Zen cut BrightView from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Loop Capital decreased their price objective on BrightView from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, July 3rd. Robert W. Baird decreased their price objective on BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a research report on Wednesday, July 2nd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of BrightView in a research report on Wednesday. Finally, Zacks Research cut BrightView from a "hold" rating to a "strong sell" rating in a research report on Monday.

Insiders Place Their Bets

In other BrightView news, EVP Amanda Marie Orders sold 70,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $14.78, for a total transaction of $1,034,600.00. Following the completion of the sale, the executive vice president directly owned 38,446 shares of the company's stock, valued at approximately $568,231.88. This trade represents a 64.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company's stock.

Institutional Trading of BrightView

Several hedge funds have recently modified their holdings of BV. GAMMA Investing LLC raised its holdings in BrightView by 933.1% during the first quarter. GAMMA Investing LLC now owns 8,089 shares of the company's stock worth $104,000 after purchasing an additional 7,306 shares during the last quarter. SG Americas Securities LLC raised its holdings in BrightView by 86.6% during the first quarter. SG Americas Securities LLC now owns 30,506 shares of the company's stock worth $392,000 after purchasing an additional 14,160 shares during the last quarter. Principal Financial Group Inc. raised its holdings in BrightView by 3.2% during the first quarter. Principal Financial Group Inc. now owns 51,967 shares of the company's stock worth $667,000 after purchasing an additional 1,608 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in BrightView by 1.7% during the first quarter. Bank of New York Mellon Corp now owns 194,841 shares of the company's stock worth $2,502,000 after purchasing an additional 3,286 shares during the last quarter. Finally, CWM LLC increased its position in BrightView by 58.7% during the first quarter. CWM LLC now owns 3,418 shares of the company's stock worth $44,000 after buying an additional 1,264 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

BrightView Trading Down 2.7%

NYSE:BV opened at $12.95 on Friday. The stock's 50 day moving average price is $14.21 and its 200 day moving average price is $14.74. The company has a market capitalization of $1.23 billion, a PE ratio of 431.50 and a beta of 1.26. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.62. BrightView has a 52-week low of $11.81 and a 52-week high of $18.89.

BrightView (NYSE:BV - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The firm had revenue of $708.30 million for the quarter, compared to analysts' expectations of $763.43 million. BrightView had a return on equity of 8.76% and a net margin of 2.00%.The company's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. On average, research analysts anticipate that BrightView will post 0.73 EPS for the current year.

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.

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