BrightView Holdings, Inc. (NYSE:BV) Short Interest Update

BrightView Holdings, Inc. (NYSE:BV - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,270,000 shares, an increase of 31.7% from the March 15th total of 964,500 shares. Based on an average daily trading volume, of 557,500 shares, the days-to-cover ratio is currently 2.3 days. Currently, 3.1% of the company's shares are sold short.

Hedge Funds Weigh In On BrightView

A number of large investors have recently bought and sold shares of BV. Tower Research Capital LLC TRC lifted its position in shares of BrightView by 89.9% during the third quarter. Tower Research Capital LLC TRC now owns 3,420 shares of the company's stock valued at $27,000 after buying an additional 1,619 shares during the last quarter. Point72 Middle East FZE purchased a new stake in BrightView during the fourth quarter valued at approximately $30,000. Royal Bank of Canada boosted its stake in BrightView by 47.8% in the second quarter. Royal Bank of Canada now owns 4,317 shares of the company's stock valued at $31,000 after acquiring an additional 1,396 shares in the last quarter. Lazard Asset Management LLC purchased a new position in BrightView in the third quarter worth $55,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in BrightView by 59.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company's stock worth $61,000 after purchasing an additional 2,726 shares during the last quarter. Institutional investors own 92.41% of the company's stock.

BrightView Stock Down 3.9 %

Shares of BrightView stock traded down $0.46 during trading on Friday, hitting $11.31. 900,694 shares of the stock traded hands, compared to its average volume of 856,515. BrightView has a 52-week low of $5.16 and a 52-week high of $12.35. The stock's fifty day simple moving average is $9.99 and its 200 day simple moving average is $8.60. The firm has a market cap of $1.07 billion, a P/E ratio of -56.55 and a beta of 1.23. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.73.

BrightView (NYSE:BV - Get Free Report) last posted its earnings results on Wednesday, January 31st. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.04). BrightView had a negative net margin of 0.19% and a positive return on equity of 3.93%. The business had revenue of $626.70 million for the quarter, compared to analysts' expectations of $651.07 million. On average, equities analysts predict that BrightView will post 0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on BV shares. Craig Hallum began coverage on shares of BrightView in a report on Monday, March 4th. They issued a "buy" rating and a $15.00 price target on the stock. The Goldman Sachs Group restated a "sell" rating and issued a $10.00 target price (up from $8.00) on shares of BrightView in a research note on Thursday, April 4th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $9.00 target price on shares of BrightView in a research report on Monday, March 4th.

BrightView Company Profile

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.