Tower Research Capital LLC TRC Buys 10,509 Shares of BrightView Holdings, Inc. (NYSE:BV)

Tower Research Capital LLC TRC boosted its stake in BrightView Holdings, Inc. (NYSE:BV) by 977.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,584 shares of the company’s stock after purchasing an additional 10,509 shares during the quarter. Tower Research Capital LLC TRC’s holdings in BrightView were worth $98,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mcmorgan & Co. LLC increased its holdings in BrightView by 1.0% in the first quarter. Mcmorgan & Co. LLC now owns 95,364 shares of the company’s stock valued at $1,298,000 after purchasing an additional 910 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of BrightView by 47.8% in the second quarter. Royal Bank of Canada now owns 4,317 shares of the company’s stock worth $31,000 after acquiring an additional 1,396 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of BrightView by 2.5% in the first quarter. Rhumbline Advisers now owns 68,968 shares of the company’s stock worth $388,000 after acquiring an additional 1,653 shares in the last quarter. American International Group Inc. increased its holdings in shares of BrightView by 8.3% in the first quarter. American International Group Inc. now owns 23,567 shares of the company’s stock worth $321,000 after acquiring an additional 1,803 shares in the last quarter. Finally, Sonora Investment Management Group LLC increased its holdings in shares of BrightView by 6.1% in the third quarter. Sonora Investment Management Group LLC now owns 34,941 shares of the company’s stock worth $271,000 after acquiring an additional 2,015 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BV. Craig Hallum began coverage on BrightView in a research report on Monday, March 4th. They set a “buy” rating and a $15.00 price objective for the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $9.00 price objective on shares of BrightView in a research report on Monday, March 4th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $10.00 price objective (up from $8.00) on shares of BrightView in a research report on Thursday.

BrightView Stock Performance

Shares of BV traded up $0.48 during mid-day trading on Friday, reaching $12.17. The company’s stock had a trading volume of 1,037,141 shares, compared to its average volume of 799,517. BrightView Holdings, Inc. has a 1-year low of $5.16 and a 1-year high of $12.35. The business has a 50-day simple moving average of $9.72 and a two-hundred day simple moving average of $8.46. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.64 and a current ratio of 1.64.

BrightView (NYSE:BV) last released its quarterly earnings data on Wednesday, January 31st. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). BrightView had a negative net margin of 0.19% and a positive return on equity of 3.93%. The firm had revenue of $626.70 million for the quarter, compared to analyst estimates of $651.07 million. As a group, sell-side analysts expect that BrightView Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

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.