BrightView Holdings, Inc. (NYSE:BV) Sees Large Growth in Short Interest

BrightView Holdings, Inc. (NYSE:BV) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,460,000 shares, a growth of 15.0% from the March 31st total of 1,270,000 shares. Currently, 3.6% of the shares of the stock are short sold. Based on an average trading volume of 648,300 shares, the short-interest ratio is presently 2.3 days.

BrightView Trading Up 0.6 %

BrightView stock traded up $0.07 during mid-day trading on Monday, hitting $11.35. 521,660 shares of the stock were exchanged, compared to its average volume of 593,428. The firm’s fifty day simple moving average is $10.58 and its two-hundred day simple moving average is $8.87. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.73. BrightView has a 12 month low of $5.16 and a 12 month high of $12.35. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -56.72 and a beta of 1.23.

BrightView (NYSE:BV) last announced its quarterly earnings data on Wednesday, January 31st. The company reported ($0.02) earnings per share (EPS) 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 analyst estimates of $651.07 million. BrightView had a negative net margin of 0.19% and a positive return on equity of 3.93%. Analysts forecast that BrightView will post 0.59 EPS for the current year.

Analyst Ratings Changes

BV has been the subject of several research reports. The Goldman Sachs Group reiterated a “sell” rating and issued a $10.00 target price (up from $8.00) on shares of BrightView in a research report on Thursday, April 4th. Jefferies Financial Group reiterated a “hold” rating and issued a $9.00 price objective on shares of BrightView in a report on Monday, March 4th. Finally, Craig Hallum started coverage on shares of BrightView in a report on Monday, March 4th. They set a “buy” rating and a $15.00 target price on the stock.

Institutional Trading of BrightView

Several hedge funds have recently modified their holdings of BV. Charles Schwab Investment Management Inc. increased its position in BrightView by 8.1% in 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 buying an additional 78,608 shares in the last quarter. HighTower Advisors LLC raised its position in shares of BrightView by 5.9% during the third quarter. HighTower Advisors LLC now owns 143,370 shares of the company’s stock worth $1,111,000 after purchasing an additional 7,929 shares during the period. Vanguard Group Inc. lifted its holdings in shares of BrightView by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,016,470 shares of the company’s stock worth $31,128,000 after purchasing an additional 13,768 shares in the last quarter. Barclays PLC grew its position in BrightView by 15.6% in the 3rd quarter. Barclays PLC now owns 55,835 shares of the company’s stock valued at $432,000 after purchasing an additional 7,514 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in BrightView by 48.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 17,443 shares of the company’s stock valued at $135,000 after purchasing an additional 5,693 shares in the last quarter. Institutional investors 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.