Short Interest in BrightView Holdings, Inc. (NYSE:BV) Drops By 7.0%

BrightView Holdings, Inc. (NYSE:BV) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 4,260,000 shares, a decline of 7.0% from the November 15th total of 4,580,000 shares. Based on an average daily volume of 510,800 shares, the days-to-cover ratio is currently 8.3 days. Currently, 7.2% of the shares of the company are sold short.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BV shares. The Goldman Sachs Group boosted their target price on shares of BrightView from $11.30 to $12.90 and gave the company a “sell” rating in a report on Friday, November 15th. BTIG Research started coverage on shares of BrightView in a report on Monday, December 2nd. They issued a “buy” rating and a $22.00 price target on the stock. Robert W. Baird upped their price target on shares of BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. William Blair raised shares of BrightView from a “market perform” rating to an “outperform” rating in a report on Friday, November 15th. Finally, Morgan Stanley upped their price target on shares of BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, BrightView currently has an average rating of “Moderate Buy” and a consensus price target of $17.11.

Insider Buying and Selling

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

Hedge Funds Weigh In On BrightView

A number of institutional investors have recently bought and sold shares of BV. &PARTNERS bought a new position in BrightView in the second quarter worth about $1,497,000. Bank of New York Mellon Corp increased its stake in shares of BrightView by 16.0% during the second quarter. Bank of New York Mellon Corp now owns 218,111 shares of the company’s stock valued at $2,901,000 after purchasing an additional 30,042 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of BrightView during the second quarter valued at approximately $9,857,000. Innealta Capital LLC bought a new position in shares of BrightView during the second quarter valued at approximately $102,000. Finally, Natixis Advisors LLC bought a new position in shares of BrightView during the second quarter valued at approximately $662,000. 92.41% of the stock is owned by institutional investors.

BrightView Trading Up 1.2 %

NYSE BV traded up $0.21 during trading on Monday, hitting $17.06. 261,695 shares of the company’s stock traded hands, compared to its average volume of 612,531. The stock has a fifty day moving average of $16.84 and a two-hundred day moving average of $15.23. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.44 and a quick ratio of 1.44. BrightView has a 12-month low of $7.75 and a 12-month high of $18.89. The firm has a market cap of $1.62 billion, a P/E ratio of 153.18 and a beta of 1.30.

BrightView (NYSE:BV) last posted its earnings results on Wednesday, November 13th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $728.70 million during the quarter, compared to analyst estimates of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.65%. BrightView’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. As a group, sell-side analysts expect that BrightView will post 0.75 EPS for the current year.

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.