BrightView (NYSE:BV) Sets New 12-Month High at $12.92

BrightView Holdings, Inc. (NYSE:BV - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.92 and last traded at $12.87, with a volume of 337527 shares. The stock had previously closed at $12.50.

Analyst Ratings Changes

Several analysts have commented on the stock. Jefferies Financial Group reissued a "hold" rating and set a $9.00 price target on shares of BrightView in a research report on Monday, March 4th. Robert W. Baird increased their price objective on shares of BrightView from $8.50 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, May 2nd. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $10.00 price objective (up from $8.00) on shares of BrightView in a research report on Thursday, April 4th. Finally, Craig Hallum started coverage on shares of BrightView in a research report on Monday, March 4th. They issued a "buy" rating and a $15.00 price objective for the company.

BrightView Stock Up 3.7 %

The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 62.48 and a beta of 1.22. The business's 50 day moving average price is $11.29 and its 200 day moving average price is $9.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.67 and a current ratio of 1.67.

BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. The company had revenue of $672.90 million during the quarter, compared to analyst estimates of $683.80 million. BrightView had a net margin of 1.80% and a return on equity of 5.78%. The firm's revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.12) EPS. On average, equities analysts forecast that BrightView Holdings, Inc. will post 0.59 EPS for the current year.

Institutional Investors Weigh In On BrightView

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its position in shares of BrightView by 8.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,045,235 shares of the company's stock valued at $8,101,000 after acquiring an additional 78,608 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of BrightView by 5.9% during the 3rd quarter. HighTower Advisors LLC now owns 143,370 shares of the company's stock valued at $1,111,000 after acquiring an additional 7,929 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of BrightView by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,016,470 shares of the company's stock valued at $31,128,000 after acquiring an additional 13,768 shares during the last quarter. Barclays PLC boosted its position in shares of BrightView by 15.6% during the 3rd quarter. Barclays PLC now owns 55,835 shares of the company's stock valued at $432,000 after acquiring an additional 7,514 shares during the last quarter. Finally, Smith Graham & Co. Investment Advisors LP boosted its position in shares of BrightView by 10.3% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 804,280 shares of the company's stock valued at $6,772,000 after acquiring an additional 75,196 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

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.

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