Peregrine Capital Management LLC Raises Holdings in BrightView Holdings, Inc. $BV

Peregrine Capital Management LLC grew its holdings in BrightView Holdings, Inc. (NYSE:BV) by 13.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,856 shares of the company’s stock after purchasing an additional 40,225 shares during the period. Peregrine Capital Management LLC owned about 0.37% of BrightView worth $4,661,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc boosted its position in shares of BrightView by 54.2% during the second quarter. IFP Advisors Inc now owns 2,385 shares of the company’s stock valued at $40,000 after buying an additional 838 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in BrightView by 66.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock valued at $93,000 after acquiring an additional 2,240 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of BrightView by 225.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock valued at $94,000 after acquiring an additional 3,909 shares during the last quarter. CWM LLC grew its stake in shares of BrightView by 86.2% in the second quarter. CWM LLC now owns 6,364 shares of the company’s stock worth $106,000 after acquiring an additional 2,946 shares during the period. Finally, Man Group plc purchased a new position in shares of BrightView during the second quarter valued at approximately $185,000. 92.41% of the stock is owned by institutional investors.

Insider Activity at BrightView

In other news, EVP Jonathan Mark Gottsegen sold 35,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $12.62, for a total transaction of $441,700.00. Following the sale, the executive vice president directly owned 142,958 shares in the company, valued at $1,804,129.96. This trade represents a 19.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William L. Cornog bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $12.84 per share, with a total value of $128,400.00. Following the acquisition, the director directly owned 30,000 shares in the company, valued at $385,200. This trade represents a 50.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

BV has been the topic of several research reports. CJS Securities upgraded shares of BrightView to a “strong-buy” rating in a report on Thursday, December 11th. BTIG Research initiated coverage on BrightView in a report on Monday, December 1st. They set a “buy” rating and a $15.00 price target on the stock. The Goldman Sachs Group cut their price objective on BrightView from $13.50 to $10.50 and set a “sell” rating for the company in a report on Thursday, November 20th. Morgan Stanley upped their price objective on BrightView from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of BrightView in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.70.

BrightView Price Performance

NYSE BV opened at $13.16 on Friday. The business’s fifty day moving average is $12.54 and its 200 day moving average is $13.80. BrightView Holdings, Inc. has a fifty-two week low of $11.06 and a fifty-two week high of $17.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.29. The company has a market capitalization of $1.25 billion, a PE ratio of 328.88 and a beta of 1.28.

BrightView (NYSE:BV) last posted its quarterly earnings data on Wednesday, November 19th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). The company had revenue of $702.80 million during the quarter, compared to the consensus estimate of $718.03 million. BrightView had a return on equity of 8.43% and a net margin of 2.10%.The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. Sell-side analysts predict that BrightView Holdings, Inc. will post 0.73 earnings per share for the current year.

BrightView Company Profile

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.