763,382 BrightView Holdings, Inc. $BV Shares Purchased by Private Management Group Inc.

Key Points

• Private Management Group increased its BrightView stake by 120.9% in the third quarter, buying 763,382 shares to hold 1.39 million shares, or about 1.5% of the company.
• Institutional investors own 92.41% of BrightView; several firms reported new or expanded positions, including BlackRock, which disclosed a stake valued at about $80.1 million.
• Analyst sentiment is mixed, with BrightView carrying a consensus Hold rating and an average price target of $13.93. Shares opened at $11.82 in the article’s reported session.

Private Management Group Inc. grew its holdings in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 120.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,394,689 shares of the company's stock after acquiring an additional 763,382 shares during the quarter. Private Management Group Inc. owned about 1.50% of BrightView worth $13,947,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Empowered Funds LLC acquired a new position in shares of BrightView during the second quarter valued at $6,189,000. Bank of America Corp DE acquired a new stake in BrightView in the second quarter worth about $2,264,000. Bank of New York Mellon Corp acquired a new stake in BrightView in the second quarter worth about $3,952,000. BlackRock Inc. acquired a new stake in BrightView in the second quarter worth about $80,091,000. Finally, Algert Global LLC grew its position in BrightView by 1,141.5% in the 2nd quarter. Algert Global LLC now owns 476,749 shares of the company's stock valued at $6,756,000 after buying an additional 438,349 shares in the last quarter. Institutional investors own 92.41% of the company's stock.

BrightView Stock Up 1.3%

BV opened at $11.82 on Tuesday. BrightView Holdings, Inc. has a one year low of $9.81 and a one year high of $15.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.28 and a current ratio of 1.28. The stock's fifty day moving average is $10.86 and its 200-day moving average is $12.29. The company has a market capitalization of $1.10 billion, a PE ratio of -47.28, a P/E/G ratio of 1.54 and a beta of 1.16.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BV shares. Morgan Stanley lowered their target price on shares of BrightView from $12.50 to $11.50 and set an "equal weight" rating on the stock in a research note on Tuesday, October 13th. Wall Street Zen lowered shares of BrightView from a "hold" rating to a "sell" rating in a research note on Saturday. Zacks Research upgraded shares of BrightView from a "strong sell" rating to a "hold" rating in a report on Monday, October 5th. Weiss Ratings reiterated a "sell (d+)" rating on shares of BrightView in a report on Thursday, October 29th. Finally, Robert W. Baird set a $14.00 price objective on shares of BrightView in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, BrightView currently has an average rating of "Hold" and a consensus target price of $13.93.

About BrightView

BrightView Holdings, Inc NYSE: BV is a provider of commercial landscaping services in the United States. Through its maintenance operations, the company helps businesses, government facilities, sports venues, education campuses, healthcare properties and other organizations manage and maintain outdoor spaces.

BrightView's services include landscape design and development, ongoing landscape maintenance, tree care, irrigation management, water conservation and snow and ice removal. Its landscape development work can include the installation of plants, turf, hardscapes, irrigation systems and other outdoor features, while its maintenance services are intended to support the appearance, health and functionality of managed properties.

The company was formed in 2014 through the combination of Brickman and ValleyCrest, two established landscaping businesses, and became a publicly traded company in 2018.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.