Empowered Funds LLC Purchases 24,328 Shares of BrightView Holdings, Inc. (NYSE:BV)

Empowered Funds LLC grew its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 498,185 shares of the company’s stock after buying an additional 24,328 shares during the quarter. Empowered Funds LLC owned 0.52% of BrightView worth $7,966,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings 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 period. Geode Capital Management LLC boosted its holdings in shares of BrightView by 18.2% in the third quarter. Geode Capital Management LLC now owns 1,337,545 shares of the company’s stock valued at $21,057,000 after purchasing an additional 206,359 shares during the period. State Street Corp grew its stake in BrightView by 17.1% in the third 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 in the last quarter. Telemark Asset Management LLC grew its stake in BrightView by 14.3% in the third 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 in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in BrightView by 1.4% during 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 period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BV has been the topic of a number of recent research reports. Robert W. Baird increased their price target on BrightView from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. The Goldman Sachs Group increased their target price on shares of BrightView from $11.30 to $12.90 and gave the stock a “sell” rating in a report on Friday, November 15th. William Blair raised shares of BrightView from a “market perform” rating to an “outperform” rating in a research report on Friday, November 15th. Loop Capital upped their price target on shares of BrightView from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, BTIG Research assumed coverage on shares of BrightView in a report on Monday, December 2nd. They set a “buy” rating and a $22.00 price objective on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, BrightView currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.11.

BrightView Trading Up 0.0 %

NYSE:BV opened at $14.59 on Tuesday. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 81.03 and a beta of 1.29. BrightView Holdings, Inc. has a 52 week low of $8.12 and a 52 week high of $18.89. The company has a quick ratio of 1.44, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average of $16.04 and a 200 day moving average of $15.91.

BrightView (NYSE:BV) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. BrightView had a return on equity of 7.86% and a net margin of 2.64%. The firm had revenue of $728.70 million during the quarter, compared to analyst estimates of $723.01 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that BrightView Holdings, Inc. will post 0.75 earnings per share for the current fiscal year.

Insider Transactions at BrightView

In other news, EVP Jonathan Mark Gottsegen sold 29,658 shares of BrightView 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 completion of the sale, the executive vice president now directly owns 100,354 shares in the company, valued at approximately $1,611,685.24. The trade was a 22.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

BrightView 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.