5,652,177 Shares in BrightView Holdings, Inc. $BV Purchased by BlackRock Inc.

BlackRock Inc. acquired a new stake in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 5,652,177 shares of the company's stock, valued at approximately $80,091,000. BlackRock Inc. owned approximately 6.06% of BrightView at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in shares of 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 purchasing an additional 2,240 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in 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 last quarter. Glenmede Investment Management LP purchased a new stake in BrightView in the 3rd quarter valued at $139,000. Man Group plc purchased a new stake in BrightView in the 2nd quarter valued at $185,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of BrightView in the 3rd quarter worth $163,000. Institutional investors and hedge funds own 92.41% of the company's stock.

Insider Activity

In related news, Director William L. Cornog bought 50,000 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of $11.25 per share, for a total transaction of $562,500.00. Following the completion of the acquisition, the director owned 70,000 shares in the company, valued at approximately $787,500. This trade represents a 250.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BV. BTIG Research reissued a "buy" rating and issued a $16.00 price objective on shares of BrightView in a report on Monday, May 11th. Oppenheimer assumed coverage on shares of BrightView in a research note on Wednesday, June 17th. They issued an "outperform" rating and a $17.00 price target for the company. Morgan Stanley reduced their price target on shares of BrightView from $14.00 to $12.50 and set an "equal weight" rating on the stock in a research report on Thursday, August 6th. Wall Street Zen cut BrightView from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of BrightView in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, BrightView presently has an average rating of "Hold" and an average price target of $14.10.

BrightView Stock Performance

Shares of BrightView stock opened at $11.28 on Monday. The business has a 50-day moving average of $13.07 and a 200 day moving average of $12.73. BrightView Holdings, Inc. has a 12 month low of $10.42 and a 12 month high of $15.00. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -45.12, a price-to-earnings-growth ratio of 1.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.28.

BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.12). BrightView had a return on equity of 5.03% and a net margin of 0.74%.The business had revenue of $717.60 million for the quarter, compared to analysts' expectations of $726.13 million. During the same quarter last year, the company earned $0.30 earnings per share. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. As a group, sell-side analysts forecast that BrightView Holdings, Inc. will post 0.4 earnings per share for the current year.

BrightView Profile

BrightView Inc NYSE: BV is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company's core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView's service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.

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