JPMorgan Chase & Co. Acquires 116,758 Shares of BrightView Holdings, Inc. (NYSE:BV)

JPMorgan Chase & Co. lifted its stake in BrightView Holdings, Inc. (NYSE:BV) by 263.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 161,056 shares of the company’s stock after purchasing an additional 116,758 shares during the quarter. JPMorgan Chase & Co.’s holdings in BrightView were worth $2,575,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Boston Partners raised its stake in BrightView by 514.6% during the fourth quarter. Boston Partners now owns 579,159 shares of the company’s stock valued at $9,260,000 after buying an additional 484,928 shares during the last quarter. Geode Capital Management LLC raised its position in shares of BrightView by 18.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company’s stock worth $21,057,000 after purchasing an additional 206,359 shares during the last quarter. State Street Corp raised its position in shares of BrightView by 17.1% in the 3rd quarter. State Street Corp now owns 1,211,909 shares of the company’s stock worth $19,075,000 after purchasing an additional 177,105 shares during the last quarter. New York State Common Retirement Fund boosted its stake in BrightView by 29.9% in the 4th quarter. New York State Common Retirement Fund now owns 512,666 shares of the company’s stock worth $8,198,000 after purchasing an additional 117,871 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC purchased a new stake in BrightView during the 4th quarter valued at about $1,727,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Stock Up 1.6 %

Shares of BrightView stock opened at $13.29 on Wednesday. The company has a 50-day simple moving average of $13.16 and a two-hundred day simple moving average of $15.22. The stock has a market capitalization of $1.27 billion, a PE ratio of 73.81 and a beta of 1.26. BrightView Holdings, Inc. has a 52-week low of $11.01 and a 52-week high of $18.89. 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 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.