Rhumbline Advisers Boosts Stock Holdings in BrightView Holdings, Inc. (NYSE:BV)

Rhumbline Advisers lifted its stake in BrightView Holdings, Inc. (NYSE:BV) by 1.0% in the fourth quarter, HoldingsChannel reports. The firm owned 82,520 shares of the company’s stock after acquiring an additional 831 shares during the quarter. Rhumbline Advisers’ holdings in BrightView were worth $1,319,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Millburn Ridgefield Corp acquired a new stake in shares of BrightView in the 3rd quarter valued at $45,000. New York State Teachers Retirement System increased its holdings in BrightView by 32.1% in the fourth quarter. New York State Teachers Retirement System now owns 5,326 shares of the company’s stock valued at $85,000 after buying an additional 1,293 shares during the last quarter. FMR LLC raised its stake in BrightView by 293.4% in the third quarter. FMR LLC now owns 6,884 shares of the company’s stock valued at $108,000 after buying an additional 5,134 shares in the last quarter. Quest Partners LLC purchased a new stake in BrightView during the 3rd quarter worth about $153,000. Finally, XTX Topco Ltd acquired a new position in shares of BrightView during the 3rd quarter worth about $184,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BV. Morgan Stanley boosted their target price on BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group raised their price objective on BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a report on Friday, November 15th. Loop Capital boosted their target price on BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, November 15th. BTIG Research assumed coverage on BrightView in a research report on Monday, December 2nd. They set a “buy” rating and a $22.00 price target on the stock. Finally, William Blair upgraded shares of BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, BrightView has an average rating of “Moderate Buy” and a consensus target price of $17.41.

BrightView Stock Performance

Shares of BV opened at $12.51 on Thursday. The stock has a market capitalization of $1.19 billion, a P/E ratio of 69.47 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. BrightView Holdings, Inc. has a 1 year low of $9.42 and a 1 year high of $18.89. The company’s fifty day moving average is $15.03 and its two-hundred day moving average is $15.82.

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.