Peregrine Capital Management LLC Sells 115,740 Shares of BrightView Holdings, Inc. (NYSE:BV)

Peregrine Capital Management LLC trimmed its position in BrightView Holdings, Inc. (NYSE:BV) by 25.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 335,318 shares of the company’s stock after selling 115,740 shares during the period. Peregrine Capital Management LLC owned about 0.35% of BrightView worth $5,362,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Harvey Partners LLC boosted its position in BrightView by 9.1% in the 3rd quarter. Harvey Partners LLC now owns 1,870,000 shares of the company’s stock valued at $29,434,000 after buying an additional 156,500 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of BrightView by 18.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company’s stock worth $21,057,000 after purchasing an additional 206,359 shares during the last quarter. State Street Corp boosted its position in shares of BrightView by 17.1% in the 3rd quarter. State Street Corp now owns 1,211,909 shares of the company’s stock worth $19,075,000 after purchasing an additional 177,105 shares during the last quarter. Telemark Asset Management LLC boosted its position in shares of BrightView by 14.3% in the 3rd quarter. Telemark Asset Management LLC now owns 800,000 shares of the company’s stock worth $12,592,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of BrightView by 1.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 641,301 shares of the company’s stock worth $10,254,000 after purchasing an additional 8,907 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BV has been the topic of several recent research reports. The Goldman Sachs Group raised their price target on BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a research report on Friday, November 15th. Morgan Stanley raised their price target on BrightView from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. BTIG Research initiated coverage on BrightView in a research note on Monday, December 2nd. They set a “buy” rating and a $22.00 price objective on the stock. William Blair raised BrightView from a “market perform” rating to an “outperform” rating in a research note on Friday, November 15th. Finally, Robert W. Baird raised their price objective on BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.11.

BrightView Stock Performance

BV opened at $14.34 on Thursday. The business’s 50-day moving average price is $15.66 and its two-hundred day moving average price is $15.92. BrightView Holdings, Inc. has a 1 year low of $8.26 and a 1 year high of $18.89. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 79.67 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43.

BrightView Company 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.