William Cornog Buys 50,000 Shares of BrightView (NYSE:BV) Stock

BrightView Holdings, Inc. (NYSE:BV) Director William Cornog bought 50,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of $11.25 per share, for a total transaction of $562,500.00. Following the transaction, the director directly owned 70,000 shares in the company, valued at approximately $787,500. This represents a 250.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

BrightView Price Performance

NYSE:BV traded up $0.38 during trading hours on Thursday, reaching $10.97. 1,998,090 shares of the company were exchanged, compared to its average volume of 715,344. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.66. The firm has a market cap of $1.02 billion, a PE ratio of -43.90 and a beta of 1.18. BrightView Holdings, Inc. has a twelve month low of $10.42 and a twelve month high of $15.82. The stock’s 50-day moving average is $13.50 and its 200-day moving average is $12.96.

BrightView (NYSE:BV) last released its earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). BrightView had a return on equity of 5.00% and a net margin of 0.74%.The company had revenue of $717.60 million for the quarter, compared to analysts’ expectations of $726.13 million. During the same period in the prior year, the firm earned $0.30 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, sell-side analysts anticipate that BrightView Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Institutional Trading of BrightView

Several institutional investors have recently made changes to their positions in the company. Bfsg LLC purchased a new position in BrightView during the fourth quarter worth about $49,000. BNP Paribas Financial Markets raised its stake in shares of BrightView by 66.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock valued at $93,000 after acquiring an additional 2,240 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of BrightView by 225.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock worth $94,000 after acquiring an additional 3,909 shares during the last quarter. Glenmede Investment Management LP acquired a new position in shares of BrightView in the 3rd quarter worth approximately $139,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of BrightView during the 1st quarter worth approximately $145,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BV. Weiss Ratings restated a “sell (d+)” rating on shares of BrightView in a research report on Friday, July 31st. Oppenheimer assumed coverage on shares of BrightView in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 target price on the stock. JPMorgan Chase & Co. upgraded BrightView from an “underweight” rating to a “neutral” rating and upped their price target for the company from $13.00 to $14.00 in a research report on Thursday, May 7th. Morgan Stanley cut their price target on BrightView from $14.00 to $12.50 and set an “equal weight” rating for the company in a report on Thursday. Finally, Robert W. Baird set a $14.00 price objective on BrightView in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, BrightView currently has a consensus rating of “Hold” and a consensus price target of $14.10.

BrightView Company Profile

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.