Punch & Associates Investment Management Inc. Acquires New Shares in BrightView Holdings, Inc. $BV

Punch & Associates Investment Management Inc. acquired a new position in BrightView Holdings, Inc. (NYSE:BV) in the second quarter, HoldingsChannel reports. The fund acquired 1,184,042 shares of the company’s stock, valued at approximately $16,778,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Bessemer Group Inc. boosted its holdings in shares of BrightView by 5.6% in the 1st quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company’s stock valued at $22,162,000 after buying an additional 99,103 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of BrightView by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company’s stock worth $62,118,000 after acquiring an additional 192,376 shares in the last quarter. Rice Hall James & Associates LLC purchased a new stake in BrightView during the second quarter valued at approximately $3,126,000. Van Berkom & Associates Inc. lifted its position in BrightView by 3.7% during the first quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company’s stock valued at $59,405,000 after acquiring an additional 179,757 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in BrightView in the second quarter valued at approximately $5,976,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Insider Activity at BrightView

In other news, Director William L. Cornog bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of $11.25 per share, with a total value of $562,500.00. Following the completion of the acquisition, the director directly owned 70,000 shares of the company’s stock, valued at $787,500. This trade represents a 250.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.80% of the stock is owned by company insiders.

BrightView Stock Performance

Shares of BV stock opened at $11.06 on Thursday. The business has a fifty day moving average of $13.14 and a 200 day moving average of $12.76. BrightView Holdings, Inc. has a 1 year low of $10.42 and a 1 year high of $15.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -44.24, a price-to-earnings-growth ratio of 1.85 and a beta of 1.18.

BrightView (NYSE:BV) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.12). The firm had revenue of $717.60 million for the quarter, compared to analysts’ expectations of $726.13 million. BrightView had a net margin of 0.74% and a return on equity of 5.03%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS. As a group, research analysts expect that BrightView Holdings, Inc. will post 0.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BV. BTIG Research reaffirmed a “buy” rating and issued a $16.00 price target on shares of BrightView in a report on Monday, May 11th. Robert W. Baird set a $14.00 price objective on BrightView in a report on Wednesday, August 5th. Morgan Stanley dropped their target price on BrightView from $14.00 to $12.50 and set an “equal weight” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen lowered BrightView from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, BrightView currently has an average rating of “Hold” and a consensus price target of $14.10.

BrightView Company Profile

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.