According to the most recent statement that Strs Ohio submitted to the Securities and Exchange Commission, during the third quarter of 2018, the company increased the number of shares of BrightView Holdings, Inc. (NYSE: B.V.) that it owned by 30.7%. The statement was submitted in response to a request from the S.E.C. As a result of the corporation’s purchase of an additional 16,900 shares of the company during the period in question, the total number of shares it holds in the company above has reached 71,900. Strs Ohio held approximately 0.08% of BrightView at the end of the most recent reporting period, valued at approximately $570,000.
Recent transactions have caused adjustments to the proportion of the company’s stock that hedge funds and other institutional investors hold. These investors include pension funds, endowments, and foundations. Peregrine Capital Management L.L.C. acquired 18.8% of BrightView over the second quarter. The company, known as Peregrine Capital Management L.L.C., now has a total of 809,295 shares of the company’s stock, which has a current value of $9,712,000 after purchasing an additional 128,169 shares during the period in question. This brings the company’s total number of shares to 8,092,955. During the second quarter, Kestrel Investment Management Corporation completed a 33.2% increase in the BrightView stock it owned. Kestrel Investment Management Corp. now owns 133,400 shares of the company’s stock, which have a combined value of $1,601,000 after making an additional purchase of 33,275 shares during the period in question. During the second quarter, CastleKnight Management L.P. increased the number of BrightView shares held in its investment portfolio by 1.9%. CastleKnight Management LP is the owner of a total of 229,131 shares, and the current market price for those shares is $2,750,000. Compared to the number of shares it held at the end of the reporting period before this one, this represents an increase of 4,216 shares. During the second quarter of this year, Contrarian Capital Management L.L.C. purchased approximately 604,000 dollars worth of BrightView stock. Last but not least, during the second quarter, Corton Capital Inc. established a new investment in BrightView stock valued at approximately $141,000 at the time of the investment. Most of the company’s stock, or 94.15 percent, is owned by various institutional investors.
B.V. has been investigated in various ways through the course of these studies. In a research report released on Tuesday, January 10th, Goldman Sachs Group lowered their price target on BrightView shares from $10.50 to $9.10 and categorized the business as “neutral.” The report was about BrightView’s shares. The findings of the study were made accessible to the general public. JPMorgan Chase & Co. revealed in a research note released on November 22nd that the price objective they had established for BrightView shares had decreased from $10.00 to $7.00. The previous price objective was set at $10.00. The stock of BrightView was given a rating of “d+” by TheStreet on December 1st, a grade lower than the “c-” rating it had previously received. Finally, in a research note published on November 21st, Jefferies Financial Group revised their rating on BrightView stock from “buy” to “hold” and decreased their price target for the stock from $14.00 to $8.00.
On Thursday, the cost of purchasing a share of B.V. stock was $7.78 per share. The company has a price-to-earnings ratio of 45.77 and a beta value of 1.27, and its market capitalization is currently at $723.54 million. The price of a share of BrightView Holdings, Inc.’s stock ranged from a low of $5.78 to a high of $14.07 over the previous year. The moving average over the past 50 days for the company is $7.22, and the moving average over the past 200 days is $9.02. All three ratios, including the debt-to-equity ratio, the quick ratio, and the current ratio, total 1.09 in each case.
BrightView Holdings, Inc. is a holding company that, through its subsidiaries, offers commercial landscaping services throughout the United States. BrightView provides these services.