Loop Capital Lowers BrightView (NYSE:BV) Price Target to $20.00

BrightView (NYSE:BV - Free Report) had its price target decreased by Loop Capital from $21.00 to $20.00 in a research report report published on Thursday,Benzinga reports. Loop Capital currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on the stock. Robert W. Baird reduced their target price on shares of BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday. Wall Street Zen downgraded BrightView from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.27.

BrightView Stock Performance

BrightView stock traded up $0.54 during trading hours on Thursday, hitting $15.69. 1,027,237 shares of the stock traded hands, compared to its average volume of 606,406. The firm's 50 day moving average price is $15.71 and its 200-day moving average price is $14.76. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -784.11 and a beta of 1.27. BrightView has a 1 year low of $11.81 and a 1 year high of $18.89.

BrightView (NYSE:BV - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the company posted $0.11 earnings per share. The company's revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts expect that BrightView will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling

In other BrightView news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider owned 21,533,123 shares in the company, valued at approximately $310,076,971.20. This represents a 35.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On BrightView

A number of institutional investors have recently modified their holdings of the business. Rhumbline Advisers grew its holdings in shares of BrightView by 1.0% during the fourth quarter. Rhumbline Advisers now owns 82,520 shares of the company's stock worth $1,319,000 after buying an additional 831 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of BrightView by 5.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 23,937 shares of the company's stock valued at $383,000 after acquiring an additional 1,240 shares during the last quarter. CWM LLC raised its stake in BrightView by 58.7% during the 1st quarter. CWM LLC now owns 3,418 shares of the company's stock worth $44,000 after acquiring an additional 1,264 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in BrightView by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,094 shares of the company's stock valued at $529,000 after buying an additional 1,278 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of BrightView by 181.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock valued at $37,000 after buying an additional 1,475 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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.