In a filing, BrightView Holdings Inc revealed its 10% Owner KKR Group Partnership L.P. unloaded Company’s shares for reported $218.4 million on May 23 ’24. In the deal valued at $12.48 per share,17,500,000 shares were sold. As a result of this transaction, KKR Group Partnership L.P. now holds 33,133,123 shares worth roughly $455.58 million.
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Then, KKR BrightView Aggregator L.P. sold 17,500,000 shares, generating $218,400,000 in total proceeds. Upon selling the shares at $12.48, the 10% Owner now owns 33,133,123 shares.
Before that, DONNELLY THOMAS C bought 1,000 shares. BrightView Holdings Inc shares valued at $7,670 were divested by the President, Landscape Dev. at a price of $7.67 per share. As a result of the transaction, DONNELLY THOMAS C now holds 227,711 shares, worth roughly $3.13 million.
Goldman downgraded its BrightView Holdings Inc [BV] rating to a Sell from a a Neutral in a research note published on April 04, 2024; the price target was increased to $10 from $8. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in early March with a ‘”a Buy”‘ rating. Jefferies also remained covering BV and has decreased its forecast on November 21, 2022 with a “Hold” recommendation from previously “Buy” rating. William Blair revised its rating on January 10, 2022. It rated BV as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of BV
On Friday, BrightView Holdings Inc [NYSE:BV] saw its stock fall -1.08% to $13.75. Over the last five days, the stock has lost -0.43%. BrightView Holdings Inc shares have risen nearly 63.30% since the year began. Nevertheless, the stocks have risen 81.16% over the past one year. While a 52-week high of $14.42 was reached on 05/28/24, a 52-week low of $6.58 was recorded on 01/08/24. SMA at 50 days reached $12.46, while 200 days put it at $9.34. A total of 0.69 million shares were traded, compared to the trading of 0.57 million shares in the previous session.
Levels Of Support And Resistance For BV Stock
The 24-hour chart illustrates a support level at 13.62, which if violated will result in even more drops to 13.49. On the upside, there is a resistance level at 13.88. A further resistance level may holdings at 14.01. The Relative Strength Index (RSI) on the 14-day chart is 57.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.05%. Stochastics %K at 57.90% indicates the stock is a holding.
