BrightView Holdings Inc’s filing revealed that 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 $528.8 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 $3.63 million.
Morgan Stanley initiated its BrightView Holdings Inc [BV] rating to an Equal-weight in a research note published on August 22, 2024; the price target was $16. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late August from “a Hold” to “a Buy”. Robert W. Baird also remained covering BV and has increased its forecast on July 30, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Loop Capital started covering the stock on July 30, 2024. It rated BV as “a Buy”.
Price Performance Review of BV
On Monday, BrightView Holdings Inc [NYSE:BV] saw its stock fall -0.44% to $15.96. Over the last five days, the stock has gained 1.40%. BrightView Holdings Inc shares have risen nearly 89.55% since the year began. Nevertheless, the stocks have risen 109.72% over the past one year. While a 52-week high of $16.26 was reached on 08/26/24, a 52-week low of $6.58 was recorded on 01/08/24. SMA at 50 days reached $15.13, while 200 days put it at $12.12.
Levels Of Support And Resistance For BV Stock
The 24-hour chart illustrates a support level at 15.74, which if violated will result in even more drops to 15.53. On the upside, there is a resistance level at 16.16. A further resistance level may holdings at 16.37. The Relative Strength Index (RSI) on the 14-day chart is 60.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.59%. Stochastics %K at 71.63% indicates the stock is a holding.
How much short interest is there in BrightView Holdings Inc?
A steep rise in short interest was recorded in BrightView Holdings Inc stocks on 2024-09-13, growing by 0.48 million shares to a total of 5.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.08 million shares. There was a rise of 8.71%, which implies that there is a positive sentiment for the stock.
