BrightView Holdings, Inc. $BV Stock Acquired by Van Berkom & Associates Inc.

Key Points

• Van Berkom & Associates increased its BrightView stake by 3.4% in the third quarter, adding 168,606 shares to hold about 5.19 million shares, or 5.56% of the company.
• Institutional investors own 92.41% of BrightView, with several other funds also reporting new or increased positions.
• Analyst sentiment is mixed: MarketBeat reports an overall Hold rating and an average price target of $13.93; shares opened at $11.82.

Van Berkom & Associates Inc. raised its stake in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,185,923 shares of the company's stock after buying an additional 168,606 shares during the period. Van Berkom & Associates Inc. owned about 5.56% of BrightView worth $51,859,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in shares of BrightView during the 2nd quarter worth $41,000. Ethic Inc. bought a new position in BrightView in the third quarter valued at $113,000. CenterBook Partners LP bought a new position in BrightView in the third quarter valued at $126,000. Bfsg LLC increased its stake in BrightView by 234.3% in the third quarter. Bfsg LLC now owns 13,320 shares of the company's stock valued at $133,000 after acquiring an additional 9,335 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in BrightView during the first quarter valued at about $145,000. Hedge funds and other institutional investors own 92.41% of the company's stock.

BrightView Price Performance

Shares of BrightView stock opened at $11.82 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.28 and a current ratio of 1.28. BrightView Holdings, Inc. has a 52-week low of $9.81 and a 52-week high of $15.00. The company has a fifty day moving average of $10.86 and a 200-day moving average of $12.29. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -47.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Wall Street Analyst Weigh In

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

BrightView Profile

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.

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