Allspring Global Investments Holdings LLC Cuts Position in BrightView Holdings, Inc. (NYSE:BV)

Allspring Global Investments Holdings LLC lessened its position in shares of BrightView Holdings, Inc. (NYSE:BV) by 44.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 411,837 shares of the company’s stock after selling 329,327 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BrightView were worth $6,482,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BV. Empowered Funds LLC raised its holdings in BrightView by 8.2% during the first quarter. Empowered Funds LLC now owns 385,815 shares of the company’s stock worth $4,591,000 after purchasing an additional 29,192 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of BrightView in the 1st quarter valued at about $155,000. Redmond Asset Management LLC acquired a new stake in shares of BrightView in the 1st quarter valued at about $2,281,000. Sei Investments Co. increased its position in BrightView by 6.1% during the first quarter. Sei Investments Co. now owns 238,834 shares of the company’s stock worth $2,842,000 after buying an additional 13,756 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in BrightView by 173.7% in the first quarter. Russell Investments Group Ltd. now owns 29,563 shares of the company’s stock valued at $352,000 after buying an additional 18,763 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on BV shares. Baird R W upgraded shares of BrightView from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. upped their price objective on BrightView from $11.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. The Goldman Sachs Group boosted their target price on BrightView from $10.00 to $11.30 and gave the company a “sell” rating in a report on Friday, August 2nd. Jefferies Financial Group raised BrightView from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $17.00 in a report on Wednesday, August 21st. Finally, Loop Capital raised shares of BrightView to a “strong-buy” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.47.

BrightView Trading Down 0.1 %

NYSE:BV opened at $16.00 on Monday. The business’s 50-day moving average is $15.70 and its two-hundred day moving average is $14.08. The firm has a market capitalization of $1.51 billion, a PE ratio of 80.00 and a beta of 1.29. BrightView Holdings, Inc. has a 12 month low of $6.58 and a 12 month high of $17.49. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.45 and a quick ratio of 1.45.

BrightView (NYSE:BV) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $738.80 million during the quarter, compared to analyst estimates of $736.94 million. BrightView had a net margin of 2.06% and a return on equity of 6.27%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. Research analysts predict that BrightView Holdings, Inc. will post 0.66 earnings per share for the current fiscal year.

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.