Charles Schwab Investment Management Inc. Sells 187,091 Shares of BrightView Holdings, Inc. (NYSE:BV)

Charles Schwab Investment Management Inc. lowered its position in BrightView Holdings, Inc. (NYSE:BV) by 21.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 676,101 shares of the company’s stock after selling 187,091 shares during the period. Charles Schwab Investment Management Inc.’s holdings in BrightView were worth $10,811,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BV. Rhumbline Advisers lifted its stake in BrightView by 1.0% in the 4th quarter. Rhumbline Advisers now owns 82,520 shares of the company’s stock worth $1,319,000 after purchasing an additional 831 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in BrightView by 4.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company’s stock worth $381,000 after purchasing an additional 1,056 shares in the last quarter. New York State Teachers Retirement System lifted its stake in BrightView by 32.1% in the 4th quarter. New York State Teachers Retirement System now owns 5,326 shares of the company’s stock worth $85,000 after purchasing an additional 1,293 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in BrightView by 17.3% in the 4th quarter. Bleakley Financial Group LLC now owns 18,689 shares of the company’s stock worth $299,000 after purchasing an additional 2,752 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in BrightView by 20.5% in the 4th quarter. SG Americas Securities LLC now owns 16,346 shares of the company’s stock worth $261,000 after purchasing an additional 2,783 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

BrightView Stock Down 2.0 %

Shares of NYSE BV opened at $13.11 on Friday. The firm’s 50-day moving average price is $14.36 and its 200-day moving average price is $15.61. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 72.81 and a beta of 1.32. BrightView Holdings, Inc. has a 12-month low of $10.69 and a 12-month high of $18.89.

Analysts Set New Price Targets

Several brokerages have commented on BV. Morgan Stanley boosted their price target on shares of BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. BTIG Research initiated coverage on shares of BrightView in a research note on Monday, December 2nd. They issued a “buy” rating and a $22.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.41.

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.