Harbor Capital Advisors Inc. Has $10.25 Million Stock Holdings in BrightView Holdings, Inc. (NYSE:BV)

Harbor Capital Advisors Inc. grew its stake in shares of BrightView Holdings, Inc. (NYSE:BV) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 641,301 shares of the company’s stock after purchasing an additional 8,907 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.68% of BrightView worth $10,254,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Millburn Ridgefield Corp acquired a new position in BrightView during the third quarter worth $45,000. FMR LLC boosted its stake in BrightView by 293.4% during the 3rd quarter. FMR LLC now owns 6,884 shares of the company’s stock valued at $108,000 after purchasing an additional 5,134 shares during the last quarter. Quest Partners LLC bought a new stake in BrightView during the 3rd quarter worth approximately $153,000. Kathmere Capital Management LLC purchased a new stake in shares of BrightView in the second quarter worth approximately $133,000. Finally, XTX Topco Ltd bought a new position in shares of BrightView in the third quarter valued at approximately $184,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Insider Buying and Selling

In other news, EVP Jonathan Mark Gottsegen sold 29,658 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $16.06, for a total transaction of $476,307.48. Following the sale, the executive vice president now directly owns 100,354 shares in the company, valued at $1,611,685.24. This represents a 22.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.40% of the stock is owned by insiders.

BrightView Stock Performance

NYSE:BV traded down $0.46 during trading hours on Friday, reaching $14.92. The stock had a trading volume of 148,407 shares, compared to its average volume of 385,157. BrightView Holdings, Inc. has a 12-month low of $8.06 and a 12-month high of $18.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a 50 day simple moving average of $16.69 and a 200 day simple moving average of $15.50. The stock has a market cap of $1.42 billion, a P/E ratio of 135.65 and a beta of 1.30.

BrightView (NYSE:BV) last released 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. The business had revenue of $728.70 million for the quarter, compared to the consensus estimate of $723.01 million. BrightView had a net margin of 2.40% and a return on equity of 7.65%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. On average, research analysts forecast that BrightView Holdings, Inc. will post 0.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.