BrightView Holdings, Inc. (NYSE:BV) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in BrightView Holdings, Inc. (NYSE:BV) by 49.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,222 shares of the company’s stock after buying an additional 24,443 shares during the period. Natixis Advisors LLC’s holdings in BrightView were worth $1,168,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Innealta Capital LLC purchased a new stake in shares of BrightView in the 2nd quarter valued at $102,000. Kathmere Capital Management LLC purchased a new stake in BrightView in the second quarter valued at $133,000. Caxton Associates LP acquired a new stake in BrightView during the 1st quarter worth about $201,000. SG Americas Securities LLC raised its stake in shares of BrightView by 73.1% during the 3rd quarter. SG Americas Securities LLC now owns 13,563 shares of the company’s stock valued at $213,000 after buying an additional 5,727 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of BrightView by 48.4% in the 2nd quarter. Arizona State Retirement System now owns 17,177 shares of the company’s stock valued at $228,000 after buying an additional 5,601 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BV shares. JPMorgan Chase & Co. raised their price objective on shares of BrightView from $11.00 to $14.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. Morgan Stanley assumed coverage on shares of BrightView in a research report on Thursday, August 22nd. They set an “equal weight” rating and a $16.00 price target on the stock. Baird R W upgraded shares of BrightView from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 30th. Jefferies Financial Group upgraded BrightView from a “hold” rating to a “buy” rating and raised their target price for the company from $13.00 to $17.00 in a research report on Wednesday, August 21st. Finally, The Goldman Sachs Group upped their price target on BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.41.

Insider Buying and Selling at BrightView

In other BrightView news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $16.06, for a total transaction of $476,307.48. Following the completion of the transaction, the executive vice president now owns 100,354 shares in the company, valued at $1,611,685.24. The trade was a 22.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.40% of the stock is currently owned by corporate insiders.

BrightView Price Performance

Shares of BV stock opened at $17.12 on Wednesday. The firm’s 50-day moving average is $16.39 and its two-hundred day moving average is $14.88. BrightView Holdings, Inc. has a 12 month low of $7.39 and a 12 month high of $18.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market capitalization of $1.63 billion, a PE ratio of 155.65 and a beta of 1.28.

BrightView (NYSE:BV) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. The business had revenue of $728.70 million for the quarter, compared to analyst estimates of $723.01 million. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 EPS. Analysts predict that BrightView Holdings, Inc. will post 0.75 earnings per share for the current year.

BrightView 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.