BrightView Holdings Inc’s filing revealed that its Officer Gottsegen Jonathan Mark acquired Company’s shares for reported $0.48 million on Nov 15 ’24. In the deal valued at $16.06 per share,29,658 shares were bought.
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Then, KKR Group Partnership 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, KKR BrightView Aggregator L.P. sold 17,500,000 shares. BrightView Holdings Inc shares valued at $218,400,000 were divested by the 10% Owner at a price of $12.48 per share. As a result of the transaction, KKR BrightView Aggregator L.P. now holds 33,133,123 shares, worth roughly $518.86 million.
William Blair upgraded its BrightView Holdings Inc [BV] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in late August with a ‘”an Equal-weight”‘ rating. Jefferies also remained covering BV and has increased its forecast on August 21, 2024 with a “Buy” recommendation from previously “Hold” rating. Robert W. Baird revised its rating on July 30, 2024. It rated BV as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of BV
On Friday, BrightView Holdings Inc [NYSE:BV] saw its stock fall -0.95% to $15.66. Over the last five days, the stock has lost -15.67%. BrightView Holdings Inc shares have risen nearly 85.99% since the year began. Nevertheless, the stocks have risen 102.59% over the past one year. While a 52-week high of $18.89 was reached on 11/11/24, a 52-week low of $6.94 was recorded on 01/08/24. SMA at 50 days reached $16.23, while 200 days put it at $13.33.
Levels Of Support And Resistance For BV Stock
The 24-hour chart illustrates a support level at 15.23, which if violated will result in even more drops to 14.80. On the upside, there is a resistance level at 16.35. A further resistance level may holdings at 17.05. The Relative Strength Index (RSI) on the 14-day chart is 38.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.03%. Stochastics %K at 38.72% 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 2024-10-31, dropping by -0.56 million shares to a total of 4.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.51 million shares. There was a decline of -11.2%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 30, 2024 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $18 price target.
