Insider Selling: BrightView (NYSE:BV) EVP Sells 35,000 Shares of Stock

BrightView Holdings, Inc. (NYSE:BV - Get Free Report) EVP Jonathan Mark Gottsegen sold 35,000 shares of the firm's stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $12.62, for a total value of $441,700.00. Following the transaction, the executive vice president directly owned 142,958 shares in the company, valued at approximately $1,804,129.96. This represents a 19.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BrightView Stock Up 0.1%

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BV opened at $12.80 on Thursday. BrightView Holdings, Inc. has a 52 week low of $11.06 and a 52 week high of $18.08. The business has a 50 day moving average price of $12.72 and a two-hundred day moving average price of $14.40. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.21 billion, a PE ratio of 319.88 and a beta of 1.30.

BrightView (NYSE:BV - Get Free Report) last announced its earnings results on Wednesday, November 19th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). BrightView had a net margin of 2.10% and a return on equity of 8.43%. The company had revenue of $702.80 million during the quarter, compared to analysts' expectations of $718.03 million. During the same quarter last year, the business posted $0.30 earnings per share. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, research analysts anticipate that BrightView Holdings, Inc. will post 0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

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A number of equities analysts have commented on the stock. Robert W. Baird cut their price objective on shares of BrightView from $19.00 to $15.00 and set an "outperform" rating for the company in a research report on Thursday, November 20th. Zacks Research upgraded shares of BrightView from a "strong sell" rating to a "hold" rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a "hold (c-)" rating on shares of BrightView in a report on Wednesday, October 8th. BTIG Research initiated coverage on shares of BrightView in a research report on Monday. They issued a "buy" rating and a $15.00 price objective for the company. Finally, The Goldman Sachs Group dropped their target price on BrightView from $13.50 to $10.50 and set a "sell" rating on the stock in a research report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $14.50.

Read Our Latest Research Report on BV

Institutional Trading of BrightView

Institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its position in BrightView by 11.1% during the first quarter. HighTower Advisors LLC now owns 188,127 shares of the company's stock worth $2,416,000 after buying an additional 18,857 shares during the period. Nuveen LLC purchased a new stake in shares of BrightView during the 1st quarter worth approximately $4,500,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of BrightView in the 1st quarter worth approximately $208,000. Punch & Associates Investment Management Inc. grew its holdings in shares of BrightView by 2.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,086,366 shares of the company's stock worth $13,949,000 after acquiring an additional 21,010 shares during the period. Finally, Versor Investments LP purchased a new position in BrightView in the 1st quarter valued at approximately $503,000. Hedge funds and other institutional investors own 92.41% of the company's stock.

BrightView Company Profile

(Get Free Report)

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.

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