BrightView (NYSE:BV) Stock Rating Upgraded by Wall Street Zen

BrightView (NYSE:BV - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

Several other equities analysts also recently issued reports on the stock. Loop Capital reduced their price objective on shares of BrightView from $21.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday. Robert W. Baird cut their price target on BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, BrightView has a consensus rating of "Moderate Buy" and an average target price of $17.27.

BrightView Stock Performance

NYSE:BV opened at $15.69 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $1.50 billion, a P/E ratio of -784.11 and a beta of 1.27. The firm has a 50-day moving average price of $15.71 and a two-hundred day moving average price of $14.77. BrightView has a twelve month low of $11.81 and a twelve month high of $18.89.

BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings data 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 return on equity of 8.29% and a net margin of 1.65%. The firm had revenue of $662.60 million during the quarter, compared to the consensus estimate of $643.29 million. During the same period in the previous year, the firm posted $0.11 EPS. The company's quarterly revenue was down 1.5% compared to the same quarter last year. As a group, research analysts expect that BrightView will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $14.40, for a total value of $167,040,000.00. Following the transaction, the insider owned 21,533,123 shares in the company, valued at approximately $310,076,971.20. This trade represents a 35.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On BrightView

Large investors have recently made changes to their positions in the business. Sterling Capital Management LLC boosted its position in BrightView by 832.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,864 shares of the company's stock worth $30,000 after purchasing an additional 1,664 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of BrightView by 181.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock worth $37,000 after purchasing an additional 1,475 shares in the last quarter. CWM LLC boosted its stake in shares of 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 purchasing an additional 1,264 shares during the period. NewEdge Advisors LLC acquired a new stake in BrightView during the 4th quarter valued at $56,000. Finally, GAMMA Investing LLC grew its holdings in BrightView by 933.1% during the 1st quarter. GAMMA Investing LLC now owns 8,089 shares of the company's stock valued at $104,000 after purchasing an additional 7,306 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

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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