Alliancebernstein L.P. Sells 194,439 Shares of BrightView Holdings, Inc. (NYSE:BV)

Alliancebernstein L.P. cut its stake in BrightView Holdings, Inc. (NYSE:BV) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,976,263 shares of the company’s stock after selling 194,439 shares during the quarter. Alliancebernstein L.P.’s holdings in BrightView were worth $31,600,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BV. JPMorgan Chase & Co. lifted its holdings in shares of BrightView by 263.6% in the 4th quarter. JPMorgan Chase & Co. now owns 161,056 shares of the company’s stock worth $2,575,000 after acquiring an additional 116,758 shares during the last quarter. Vanguard Group Inc. lifted its stake in BrightView by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,830,873 shares of the company’s stock worth $93,236,000 after purchasing an additional 59,857 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of BrightView during the fourth quarter valued at approximately $179,000. Knights of Columbus Asset Advisors LLC bought a new position in shares of BrightView during the fourth quarter valued at approximately $1,727,000. Finally, American Century Companies Inc. raised its holdings in shares of BrightView by 14.7% in the fourth quarter. American Century Companies Inc. now owns 116,231 shares of the company’s stock worth $1,859,000 after buying an additional 14,915 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

BrightView Price Performance

Shares of BV stock opened at $12.31 on Monday. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 68.39 and a beta of 1.26. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.63. BrightView Holdings, Inc. has a twelve month low of $7.20 and a twelve month high of $18.89. The stock has a fifty day simple moving average of $13.79 and a two-hundred day simple moving average of $15.46.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upped their price objective on BrightView from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.41.

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.