Empowered Funds LLC Invests $6.19 Million in BrightView Holdings, Inc. $BV

Empowered Funds LLC purchased a new stake in BrightView Holdings, Inc. (NYSE:BV) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 436,743 shares of the company’s stock, valued at approximately $6,189,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bessemer Group Inc. boosted its stake in BrightView by 5.6% in the 1st quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company’s stock worth $22,162,000 after purchasing an additional 99,103 shares during the period. Rice Hall James & Associates LLC bought a new stake in shares of BrightView during the second quarter valued at about $3,126,000. Dimensional Fund Advisors LP increased its position in shares of BrightView by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company’s stock valued at $62,118,000 after buying an additional 192,376 shares during the period. Van Berkom & Associates Inc. lifted its holdings in shares of BrightView by 3.7% in the first quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company’s stock worth $59,405,000 after buying an additional 179,757 shares in the last quarter. Finally, Algert Global LLC lifted its holdings in shares of BrightView by 1,141.5% in the second quarter. Algert Global LLC now owns 476,749 shares of the company’s stock worth $6,756,000 after buying an additional 438,349 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on BV shares. Zacks Research cut shares of BrightView from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Oppenheimer started coverage on shares of BrightView in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 target price on the stock. Wall Street Zen cut shares of BrightView from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Morgan Stanley cut their price target on shares of BrightView from $14.00 to $12.50 and set an “equal weight” rating for the company in a report on Thursday, August 6th. Finally, Robert W. Baird set a $14.00 price target on shares of BrightView in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.10.

BrightView Stock Up 0.5%

BV stock opened at $11.28 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.71. The company’s 50 day moving average is $13.07 and its 200 day moving average is $12.73. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -45.12, a price-to-earnings-growth ratio of 1.86 and a beta of 1.18. BrightView Holdings, Inc. has a 1-year low of $10.42 and a 1-year high of $15.00.

BrightView (NYSE:BV) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.12). BrightView had a net margin of 0.74% and a return on equity of 5.03%. The company had revenue of $717.60 million during the quarter, compared to analysts’ expectations of $726.13 million. During the same period in the prior year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts predict that BrightView Holdings, Inc. will post 0.4 EPS for the current fiscal year.

Insider Activity at BrightView

In related news, Director William L. Cornog acquired 50,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were purchased at an average price of $11.25 per share, for a total transaction of $562,500.00. Following the transaction, the director owned 70,000 shares in the company, valued at $787,500. This represents a 250.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 2.80% of the stock is owned by insiders.

BrightView 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.