BrightView Holdings, Inc. (NYSE:BV) Short Interest Down 7.7% in November

BrightView Holdings, Inc. (NYSE:BV) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 4,580,000 shares, a drop of 7.7% from the October 31st total of 4,960,000 shares. Approximately 7.7% of the shares of the company are short sold. Based on an average daily trading volume, of 517,100 shares, the days-to-cover ratio is presently 8.9 days.

Analyst Ratings Changes

Several research firms recently weighed in on BV. Loop Capital upped their price target on BrightView from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Robert W. Baird lifted their target price on BrightView from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. BTIG Research assumed coverage on BrightView in a research note on Monday. They set a “buy” rating and a $22.00 target price for the company. The Goldman Sachs Group raised their target price on BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group raised shares of BrightView from a “hold” rating to a “buy” rating and boosted their target price for the company from $13.00 to $17.00 in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, BrightView has an average rating of “Moderate Buy” and a consensus price target of $17.11.

Insiders Place Their Bets

In other news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $16.06, for a total value of $476,307.48. Following the completion of the transaction, the executive vice president now owns 100,354 shares in the company, valued at $1,611,685.24. This trade represents a 22.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in BrightView by 4.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,184 shares of the company’s stock valued at $381,000 after buying an additional 1,056 shares during the period. The Manufacturers Life Insurance Company increased its stake in BrightView by 8.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,896 shares of the company’s stock worth $238,000 after buying an additional 1,431 shares during the period. Creative Planning boosted its holdings in shares of BrightView by 7.0% in the 3rd quarter. Creative Planning now owns 24,019 shares of the company’s stock valued at $378,000 after buying an additional 1,564 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in BrightView by 8.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,941 shares of the company’s stock valued at $321,000 after purchasing an additional 2,056 shares during the period. Finally, Los Angeles Capital Management LLC raised its holdings in shares of BrightView by 3.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 75,524 shares of the company’s stock worth $1,189,000 after purchasing an additional 2,340 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Stock Up 2.7 %

Shares of NYSE:BV traded up $0.47 during trading on Wednesday, hitting $17.82. 497,454 shares of the company’s stock traded hands, compared to its average volume of 617,251. BrightView has a 52 week low of $7.74 and a 52 week high of $18.89. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 157.74 and a beta of 1.30. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $16.59 and a 200-day moving average price of $15.05.

BrightView (NYSE:BV) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. The firm had revenue of $728.70 million during the quarter, compared to the consensus estimate of $723.01 million. BrightView had a return on equity of 7.65% and a net margin of 2.40%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 earnings per share. As a group, research analysts forecast that BrightView will post 0.75 EPS for the current fiscal year.

BrightView Company 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.