BrightView (NYSE:BV) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of BrightView (NYSE:BV - Free Report) from a buy rating to a hold rating in a research report sent to investors on Friday.

BrightView Price Performance

Shares of BrightView stock traded up $0.35 during trading on Friday, hitting $16.94. 1,889,303 shares of the company's stock traded hands, compared to its average volume of 590,601. The firm's fifty day moving average price is $14.65 and its 200 day moving average price is $14.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $1.61 billion, a PE ratio of 94.11 and a beta of 1.26. BrightView has a twelve month low of $11.81 and a twelve month high of $18.89.

BrightView (NYSE:BV - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $662.60 million for the quarter, compared to analyst estimates of $643.29 million. BrightView had a return on equity of 7.86% and a net margin of 2.64%. BrightView's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. Analysts forecast that BrightView will post 0.73 earnings per share for the current year.

Hedge Funds Weigh In On BrightView

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in BrightView by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,830,873 shares of the company's stock valued at $93,236,000 after buying an additional 59,857 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in BrightView by 12.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,063,472 shares of the company's stock valued at $64,976,000 after buying an additional 454,756 shares in the last quarter. Cooke & Bieler LP boosted its position in BrightView by 38.2% in the first quarter. Cooke & Bieler LP now owns 2,515,610 shares of the company's stock valued at $32,300,000 after buying an additional 695,315 shares in the last quarter. Newtyn Management LLC boosted its stake in BrightView by 30.5% in the first quarter. Newtyn Management LLC now owns 2,300,000 shares of the company's stock worth $29,532,000 after purchasing an additional 538,111 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in BrightView by 25.9% in the fourth quarter. Bessemer Group Inc. now owns 1,908,651 shares of the company's stock worth $30,520,000 after purchasing an additional 393,103 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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.