BrightView (NYSE:BV) Sees Large Volume Increase

BrightView Holdings, Inc. (NYSE:BV) saw unusually-high trading volume on Wednesday . Approximately 878,425 shares traded hands during mid-day trading, an increase of 51% from the previous session’s volume of 581,908 shares.The stock last traded at $11.52 and had previously closed at $11.52.

Analyst Ratings Changes

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

BrightView Trading Down 1.6 %

The business has a 50 day simple moving average of $10.36 and a 200-day simple moving average of $8.77. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -57.60 and a beta of 1.23.

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

Hedge Funds Weigh In On BrightView

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in BrightView by 8.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,045,235 shares of the company’s stock worth $8,101,000 after purchasing an additional 78,608 shares during the last quarter. HighTower Advisors LLC boosted its stake in 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. grew its holdings in BrightView by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,016,470 shares of the company’s stock worth $31,128,000 after acquiring an additional 13,768 shares in the last quarter. Barclays PLC increased its position in shares of BrightView by 15.6% in the 3rd quarter. Barclays PLC now owns 55,835 shares of the company’s stock worth $432,000 after purchasing an additional 7,514 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in BrightView by 48.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 17,443 shares of the company’s stock valued at $135,000 after buying an additional 5,693 shares in 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.