ExodusPoint Capital Management LP Purchases Shares of 264,964 BrightView Holdings, Inc. (NYSE:BV)

ExodusPoint Capital Management LP purchased a new position in shares of BrightView Holdings, Inc. (NYSE:BV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 264,964 shares of the company’s stock, valued at approximately $4,237,000. ExodusPoint Capital Management LP owned 0.28% of BrightView as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. State Street Corp raised its stake in BrightView by 17.1% during 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 during the period. Barclays PLC boosted its holdings in BrightView by 133.6% in the third quarter. Barclays PLC now owns 111,969 shares of the company’s stock valued at $1,762,000 after acquiring an additional 64,035 shares during the last quarter. Principal Financial Group Inc. acquired a new position in BrightView in the third quarter valued at $723,000. Knights of Columbus Asset Advisors LLC purchased a new stake in BrightView during the fourth quarter valued at about $1,727,000. Finally, Geode Capital Management LLC raised its holdings 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 period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

Separately, Morgan Stanley lifted their price objective on BrightView from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, BrightView currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.41.

BrightView Stock Performance

BrightView stock opened at $12.31 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. BrightView Holdings, Inc. has a one year low of $7.20 and a one year high of $18.89. The stock’s 50 day moving average price is $13.79 and its 200 day moving average price is $15.46. The firm has a market capitalization of $1.18 billion, a PE ratio of 68.39 and a beta of 1.26.

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.