BrightView (NYSE:BV) Earns "Hold (C-)" Rating from Weiss Ratings

Key Points

• BrightView's stock has received a "Hold (C-)" rating from Weiss Ratings, reflecting a cautious stance from analysts on the company's performance.
• In the latest earnings report, BrightView missed analysts' EPS expectations by $0.02, reporting $0.30 EPS and a revenue of $708.3 million, down 4.1% year-over-year.
• Several institutional investors have recently increased their stakes in BrightView, with IFP Advisors Inc growing their stake by 54.2% in the second quarter.

BrightView (NYSE:BV - Get Free Report)'s stock had its "hold (c-)" rating reissued by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other analysts have also issued reports on BV. Wall Street Zen lowered BrightView from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Loop Capital lowered their target price on BrightView from $21.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday, July 3rd. Robert W. Baird lowered their target price on BrightView from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Wednesday, July 2nd. Finally, Zacks Research lowered BrightView from a "hold" rating to a "strong sell" rating in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $17.98.

BrightView Stock Up 1.1%

NYSE BV traded up $0.14 on Wednesday, reaching $13.33. The stock had a trading volume of 874,503 shares, compared to its average volume of 764,930. The business has a 50 day moving average price of $14.33 and a 200 day moving average price of $14.75. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.62. BrightView has a 1 year low of $11.81 and a 1 year high of $18.89. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 444.33 and a beta of 1.26.

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

Insider Buying and Selling at BrightView

In other news, EVP Amanda Marie Orders sold 70,000 shares of the business's stock in a transaction 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 owned 38,446 shares in the company, valued at $568,231.88. The trade was a 64.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BrightView

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its stake in BrightView by 54.2% in the second quarter. IFP Advisors Inc now owns 2,385 shares of the company's stock valued at $40,000 after acquiring an additional 838 shares during the period. CWM LLC grew its stake in BrightView by 58.7% in the first quarter. CWM LLC now owns 3,418 shares of the company's stock valued at $44,000 after acquiring an additional 1,264 shares during the period. BNP Paribas Financial Markets grew its stake in BrightView by 66.8% in the second quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company's stock valued at $93,000 after acquiring an additional 2,240 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of BrightView by 225.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company's stock worth $94,000 after buying an additional 3,909 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of 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 buying an additional 7,306 shares during the period. Institutional investors own 92.41% of the company's stock.

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.

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