American Century Companies Inc. Has $837,000 Position in BrightView Holdings, Inc. (NYSE:BV)

American Century Companies Inc. grew its position in BrightView Holdings, Inc. (NYSE:BV) by 90.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 62,952 shares of the company’s stock after acquiring an additional 29,917 shares during the period. American Century Companies Inc.’s holdings in BrightView were worth $837,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in BrightView during the second quarter worth about $9,857,000. Kennedy Capital Management LLC bought a new stake in shares of BrightView in the first quarter worth about $6,673,000. Roubaix Capital LLC acquired a new stake in shares of BrightView during the first quarter worth about $3,518,000. Redmond Asset Management LLC bought a new position in shares of BrightView during the 1st quarter valued at about $2,281,000. Finally, Vanguard Group Inc. grew its position in shares of BrightView by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 4,031,524 shares of the company’s stock valued at $47,975,000 after purchasing an additional 185,327 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

BV has been the topic of several research analyst reports. Robert W. Baird upgraded shares of BrightView from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $13.00 to $17.00 in a report on Tuesday, July 30th. Loop Capital raised shares of BrightView to a “strong-buy” rating in a research report on Tuesday, July 30th. Baird R W raised shares of BrightView from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. Morgan Stanley began coverage on BrightView in a research note on Thursday, August 22nd. They issued an “equal weight” rating and a $16.00 price target on the stock. Finally, The Goldman Sachs Group upped their price objective on BrightView from $10.00 to $11.30 and gave the stock a “sell” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, BrightView currently has an average rating of “Moderate Buy” and a consensus target price of $15.47.

BrightView Price Performance

NYSE:BV opened at $15.58 on Wednesday. The stock’s 50-day simple moving average is $14.99 and its 200 day simple moving average is $13.48. BrightView Holdings, Inc. has a 52-week low of $6.58 and a 52-week high of $16.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market cap of $1.47 billion, a P/E ratio of 77.90 and a beta of 1.29.

BrightView (NYSE:BV) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. BrightView had a return on equity of 6.27% and a net margin of 2.06%. The company had revenue of $738.80 million for the quarter, compared to analysts’ expectations of $736.94 million. During the same quarter in the prior year, the business posted $0.40 EPS. The business’s revenue was down 3.6% compared to the same quarter last year. As a group, sell-side analysts forecast that BrightView Holdings, Inc. will post 0.66 EPS for the current fiscal year.

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.