BrightView Holdings, Inc. $BV Stock: Private Management Group Inc. Grows Stake

Private Management Group Inc. increased its holdings in BrightView Holdings, Inc. (NYSE:BV) by 120.9% during the third quarter, Holdings Channel reports. The firm owned 1,394,689 shares of the company’s stock after purchasing an additional 763,382 shares during the period. Private Management Group Inc.’s holdings in BrightView were worth $13,947,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BV. BlackRock Inc. bought a new stake in BrightView during the second quarter worth approximately $80,091,000. Punch & Associates Investment Management Inc. acquired a new position in BrightView in the second quarter worth approximately $16,778,000. Pillsbury Lake Capital LLC acquired a new position in BrightView in the second quarter worth approximately $7,126,901. Algert Global LLC grew its position in BrightView by 1,141.5% in the second quarter. Algert Global LLC now owns 476,749 shares of the company’s stock worth $6,756,000 after buying an additional 438,349 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in shares of BrightView in the second quarter valued at $6,189,000. 92.41% of the stock is owned by institutional investors and hedge funds.

BrightView Stock Up 1.3%

Shares of NYSE:BV opened at $11.82 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $1.10 billion, a PE ratio of -47.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. BrightView Holdings, Inc. has a 52 week low of $9.81 and a 52 week high of $15.00. The firm has a 50 day simple moving average of $10.86 and a 200 day simple moving average of $12.29.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BV shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a research report on Thursday, October 29th. Robert W. Baird set a $14.00 price objective on BrightView in a research note on Wednesday, August 5th. Zacks Research upgraded BrightView from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Wall Street Zen lowered BrightView from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Morgan Stanley cut their target price on BrightView from $12.50 to $11.50 and set an “equal weight” rating on the stock in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.93.

BrightView Company Profile

BrightView Holdings, Inc (NYSE: BV) is a provider of commercial landscaping services in the United States. Through its maintenance operations, the company helps businesses, government facilities, sports venues, education campuses, healthcare properties and other organizations manage and maintain outdoor spaces.

BrightView’s services include landscape design and development, ongoing landscape maintenance, tree care, irrigation management, water conservation and snow and ice removal. Its landscape development work can include the installation of plants, turf, hardscapes, irrigation systems and other outdoor features, while its maintenance services are intended to support the appearance, health and functionality of managed properties.

The company was formed in 2014 through the combination of Brickman and ValleyCrest, two established landscaping businesses, and became a publicly traded company in 2018.