BrightView (NYSE:BV) Sees Strong Trading Volume

Shares of BrightView Holdings, Inc. (NYSE:BV) saw unusually-strong trading volume on Wednesday . Approximately 878,425 shares changed hands during mid-day trading, an increase of 51% from the previous session’s volume of 581,908 shares.The stock last traded at $11.52 and had previously closed at $11.52.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BV shares. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $10.00 price target (up from $8.00) on shares of BrightView in a report on Thursday, April 4th. Craig Hallum initiated coverage on BrightView in a research report on Monday, March 4th. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $9.00 price objective on shares of BrightView in a research report on Monday, March 4th.

BrightView Price Performance

The stock has a market cap of $1.07 billion, a P/E ratio of -56.42 and a beta of 1.23. The company has a 50 day simple moving average of $10.52 and a 200 day simple moving average of $8.83. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.73.

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

Institutional Investors Weigh In On BrightView

Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in BrightView by 59.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company’s stock valued at $61,000 after acquiring an additional 2,726 shares during the period. Russell Investments Group Ltd. acquired a new position in BrightView in the 4th quarter valued at $91,000. Teacher Retirement System of Texas acquired a new position in BrightView in the 4th quarter valued at $92,000. Aigen Investment Management LP acquired a new position in BrightView in the 4th quarter valued at $94,000. Finally, Tower Research Capital LLC TRC grew its holdings in BrightView by 977.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,584 shares of the company’s stock valued at $98,000 after buying an additional 10,509 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

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.