BrightView (NYSE:BV) Lowered 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 note issued to investors on Friday morning.

BrightView Price Performance

BV stock traded up $0.15 during midday trading on Friday, reaching $16.55. The company had a trading volume of 1,072,267 shares, compared to its average volume of 585,818. BrightView has a 1-year low of $11.81 and a 1-year high of $18.89. The stock has a 50 day moving average price of $14.58 and a 200-day moving average price of $14.92. 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 capitalization of $1.58 billion, a price-to-earnings ratio of 91.94 and a beta of 1.26.

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

Institutional Investors Weigh In On BrightView

Several hedge funds and other institutional investors have recently made changes to their positions in BV. First Trust Advisors LP acquired a new position in BrightView during the 4th quarter worth about $3,388,000. Knights of Columbus Asset Advisors LLC acquired a new position in shares of BrightView in the 4th quarter valued at about $1,727,000. Trexquant Investment LP boosted its position in shares of BrightView by 38.8% during the 4th quarter. Trexquant Investment LP now owns 334,859 shares of the company's stock valued at $5,354,000 after purchasing an additional 93,551 shares in the last quarter. MetLife Investment Management LLC grew its stake in BrightView by 6.9% during the fourth quarter. MetLife Investment Management LLC now owns 35,505 shares of the company's stock worth $568,000 after purchasing an additional 2,277 shares during the period. Finally, Deutsche Bank AG grew its stake in BrightView by 71.1% during the fourth quarter. Deutsche Bank AG now owns 45,086 shares of the company's stock worth $721,000 after purchasing an additional 18,742 shares during the period. 92.41% of the stock is owned by institutional investors.

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.