New York State Teachers Retirement System Buys 1,293 Shares of BrightView Holdings, Inc. (NYSE:BV)

New York State Teachers Retirement System raised its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 32.1% during the fourth quarter, HoldingsChannel reports. The firm owned 5,326 shares of the company’s stock after purchasing an additional 1,293 shares during the period. New York State Teachers Retirement System’s holdings in BrightView were worth $85,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BV. Harvey Partners LLC lifted its holdings in shares of BrightView by 9.1% in the 3rd quarter. Harvey Partners LLC now owns 1,870,000 shares of the company’s stock valued at $29,434,000 after buying an additional 156,500 shares during the period. Geode Capital Management LLC lifted its stake in shares of BrightView by 18.2% in the third quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company’s stock worth $21,057,000 after buying an additional 206,359 shares in the last quarter. State Street Corp increased its holdings in shares of BrightView by 17.1% in the third quarter. State Street Corp now owns 1,211,909 shares of the company’s stock valued at $19,075,000 after purchasing an additional 177,105 shares during the last quarter. Telemark Asset Management LLC raised its stake in BrightView by 14.3% during the third quarter. Telemark Asset Management LLC now owns 800,000 shares of the company’s stock worth $12,592,000 after purchasing an additional 100,000 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in BrightView by 1.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 641,301 shares of the company’s stock valued at $10,254,000 after purchasing an additional 8,907 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BV has been the topic of several research analyst reports. William Blair upgraded BrightView from a “market perform” rating to an “outperform” rating in a report on Friday, November 15th. Morgan Stanley raised their price target on BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Loop Capital lifted their target price on BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Robert W. Baird raised their price target on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group upped their target price on BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.11.

BrightView Stock Performance

BrightView stock opened at $13.54 on Tuesday. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 75.20 and a beta of 1.29. BrightView Holdings, Inc. has a 12 month low of $8.50 and a 12 month high of $18.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. The stock’s 50-day moving average is $15.46 and its 200-day moving average is $15.91.

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.