BrightView (NYSE:BV) Hits New 52-Week High at $11.80

BrightView Holdings, Inc. (NYSE:BV)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $11.80 and last traded at $11.75, with a volume of 525877 shares. The stock had previously closed at $11.40.

Analysts Set New Price Targets

Several research analysts have commented on BV shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $9.00 target price on shares of BrightView in a report on Monday, March 4th. Craig Hallum began coverage on shares of BrightView in a report on Monday, March 4th. They set a “buy” rating and a $15.00 price target for the company.

BrightView Price Performance

The company has a debt-to-equity ratio of 0.73, a current ratio of 1.64 and a quick ratio of 1.64. The company has a 50-day moving average price of $9.26 and a two-hundred day moving average price of $8.29.

BrightView (NYSE:BV) last issued its earnings results on Wednesday, January 31st. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The business had revenue of $626.70 million during the quarter, compared to the consensus estimate of $651.07 million. BrightView had a positive return on equity of 3.93% and a negative net margin of 0.19%. Analysts expect that BrightView Holdings, Inc. will post 0.59 earnings per share for the current year.

Hedge Funds Weigh In On BrightView

Several institutional investors have recently made changes to their positions in BV. Tower Research Capital LLC TRC raised its stake in BrightView by 89.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,420 shares of the company’s stock worth $27,000 after buying an additional 1,619 shares during the period. Point72 Middle East FZE bought a new stake in shares of BrightView during the fourth quarter valued at approximately $30,000. Royal Bank of Canada raised its position in shares of BrightView by 47.8% during the second quarter. Royal Bank of Canada now owns 4,317 shares of the company’s stock worth $31,000 after purchasing an additional 1,396 shares during the period. Lazard Asset Management LLC bought a new position in shares of BrightView in the 3rd quarter worth $55,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in BrightView by 59.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company’s stock valued at $61,000 after purchasing an additional 2,726 shares during the period. 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.