Capital World Investors Trims Holdings in BrightView Holdings, Inc. $BV

Capital World Investors reduced its position in shares of BrightView Holdings, Inc. (NYSE:BV) by 39.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,869,173 shares of the company’s stock after selling 1,203,382 shares during the quarter. Capital World Investors’ holdings in BrightView were worth $25,047,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in shares of BrightView by 66.8% during the second quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock valued at $93,000 after buying an additional 2,240 shares during the period. Tower Research Capital LLC TRC grew its stake in BrightView by 225.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock worth $94,000 after acquiring an additional 3,909 shares during the period. State of Alaska Department of Revenue acquired a new position in BrightView in the 3rd quarter valued at $85,000. Man Group plc acquired a new position in BrightView in the 2nd quarter valued at $185,000. Finally, Savant Capital LLC lifted its stake in shares of BrightView by 28.8% during the 2nd quarter. Savant Capital LLC now owns 13,515 shares of the company’s stock worth $225,000 after purchasing an additional 3,022 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director William L. Cornog acquired 5,000 shares of the business’s stock in a transaction on Friday, February 6th. The shares were purchased at an average price of $13.46 per share, for a total transaction of $67,300.00. Following the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at $67,300. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BV has been the topic of several analyst reports. Robert W. Baird decreased their price objective on BrightView from $19.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. The Goldman Sachs Group reiterated a “sell” rating and set a $11.10 target price on shares of BrightView in a research report on Monday, February 9th. Morgan Stanley raised their price target on BrightView from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Weiss Ratings cut BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, February 4th. Finally, CJS Securities raised shares of BrightView to a “strong-buy” rating in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $14.68.

BrightView Stock Down 1.1%

Shares of NYSE:BV opened at $11.63 on Friday. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -581.25 and a beta of 1.26. The company has a 50 day moving average of $13.27 and a two-hundred day moving average of $13.12. BrightView Holdings, Inc. has a 52-week low of $11.06 and a 52-week high of $17.10. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.64.

BrightView (NYSE:BV) last posted its earnings results on Tuesday, February 3rd. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $614.70 million for the quarter, compared to analyst estimates of $589.91 million. BrightView had a return on equity of 7.85% and a net margin of 1.90%.The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.04 earnings per share. As a group, analysts forecast that BrightView Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

About BrightView

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.