Sei Investments Co. Sells 66,236 Shares of BrightView Holdings, Inc. (NYSE:BV)

Sei Investments Co. reduced its position in shares of BrightView Holdings, Inc. (NYSE:BV) by 27.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 174,984 shares of the company’s stock after selling 66,236 shares during the quarter. Sei Investments Co.’s holdings in BrightView were worth $2,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of BrightView by 17.1% during the third 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 period. Barclays PLC increased its position in BrightView by 133.6% during the 3rd quarter. Barclays PLC now owns 111,969 shares of the company’s stock worth $1,762,000 after buying an additional 64,035 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of BrightView during the third quarter worth $723,000. Geode Capital Management LLC boosted its position 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 valued at $21,057,000 after acquiring an additional 206,359 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of BrightView by 4.6% in the third quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company’s stock valued at $381,000 after acquiring an additional 1,056 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Stock Performance

Shares of BV opened at $12.31 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 68.39 and a beta of 1.26. BrightView Holdings, Inc. has a 52-week low of $10.69 and a 52-week high of $18.89. The stock’s 50-day simple moving average is $13.79 and its 200 day simple moving average is $15.46.

Analyst Ratings Changes

Separately, Morgan Stanley lifted their price target on shares of BrightView from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.