Bank of America Corp DE Trims Stock Position in BrightView Holdings, Inc. (NYSE:BV)

Bank of America Corp DE trimmed its holdings in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 12.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 113,810 shares of the company's stock after selling 16,192 shares during the period. Bank of America Corp DE owned approximately 0.12% of BrightView worth $1,820,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Manatuck Hill Partners LLC grew its position in BrightView by 19.0% in the fourth quarter. Manatuck Hill Partners LLC now owns 250,000 shares of the company's stock worth $3,998,000 after acquiring an additional 40,000 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of BrightView during the fourth quarter worth $603,000. Jane Street Group LLC boosted its position in shares of BrightView by 14.4% during the fourth quarter. Jane Street Group LLC now owns 48,310 shares of the company's stock worth $772,000 after buying an additional 6,067 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of BrightView during the fourth quarter worth $1,321,000. Finally, Northern Trust Corp boosted its position in shares of BrightView by 2.2% during the fourth quarter. Northern Trust Corp now owns 518,467 shares of the company's stock worth $8,290,000 after buying an additional 11,052 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered BrightView from a "buy" rating to a "hold" rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $17.41.

BrightView Stock Up 0.9%

NYSE:BV traded up $0.15 during midday trading on Friday, reaching $16.55. The company had a trading volume of 1,072,267 shares, compared to its average volume of 585,818. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 91.94 and a beta of 1.26. The stock's fifty day simple moving average is $14.58 and its 200-day simple moving average is $14.92. BrightView Holdings, Inc. has a 12-month low of $11.81 and a 12-month high of $18.89. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.63.

BrightView (NYSE:BV - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $662.60 million during the quarter, compared to analyst estimates of $643.29 million. BrightView had a return on equity of 7.86% and a net margin of 2.64%. BrightView's revenue was down 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. On average, sell-side analysts anticipate that BrightView Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

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.