Short interest in BrightView Holdings, Inc. increased substantially in November (NYSE: BV). As of November 15th, there were 1,440,000 total shares, including 1,440,000 shares of short interest, an increase of 5.1% from the amount of 1,370,000 shares on October 31st. Based on an average trading volume of 207,700 shares, the short-interest ratio is 6.9 days. About 3.8% of the stock is being traded short.
At Friday noon, BV shares traded at $6.77, down $0.32 from the previous day. One hundred sixty-one thousand two hundred forty-four shares instead of the typical 255,124 shares were traded in the company. At the 200-day moving average and the 50-day moving average, the stock is worth $10.27 and $8.13, respectively. BrightView’s maximum and low prices for the previous year were $15.33 and $6.61, respectively. The firm is worth $629.61 million on the open market, has a P/E ratio of 39.83, and a beta of 1.31. The company’s debt-to-equity, current, and quick ratios are 1, 0, 1, and 1, respectively.
The corporate holdings of hedge funds and other institutional investors have recently altered. Tower Research Capital LLC (TRC) grew its stake in BrightView by 89.9% during the third quarter. Tower Research Capital LLC (TRC) now owns 3,420 shares valued at $27,000 after acquiring an additional 1,619 in the most recent quarter. Amalgamated Bank acquired fresh BrightView shares in the first quarter for about $67,000. Captrust Financial Advisors boosted its stake in BrightView by 121.9% during the second quarter. Captrust Financial Advisors now owns 7,873 shares of the company’s stock worth $94,000 after acquiring an additional 4,325 shares in the last quarter. Ergoteles LLC increased the value of its investment in BrightView during the first quarter, increasing the total value of the investment to almost $139,000. Not to mention, Corton Capital Inc. increased its holding in BrightView by around $141,000 during the second quarter. Institutional investors and hedge funds own 96.4% of the company’s stock.
Several brokerages recently released reports on BV. JPMorgan Chase & Co. lowered their price objective on BrightView from $10.00 to $7.00 in a research note on Tuesday, November 22nd. TheStreet reduced BrightView’s rating on Thursday from “c-” to “d+” in a research report. BrightView was downgraded by Jefferies Financial Group from a “buy” rating to a “hold” rating, and their price objective was decreased from $14.00 to $8.00 in a research note released on Monday, November 21st.
BrightView Holdings, Inc. provides commercial landscaping services in the US via its subsidiaries. Its two operating segments are maintenance services and development services. The Maintenance Services category offers a range of common commercial landscaping services, such as mowing, gardening, mulching, snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty grass maintenance.
