BrightView Holdings, Inc. $BV Shares Sold by Telemark Asset Management LLC

Telemark Asset Management LLC lowered its holdings in BrightView Holdings, Inc. (NYSE:BV) by 43.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 650,000 shares of the company’s stock after selling 500,000 shares during the quarter. Telemark Asset Management LLC’s holdings in BrightView were worth $8,236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. ProShare Advisors LLC lifted its holdings in BrightView by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 13,138 shares of the company’s stock valued at $166,000 after acquiring an additional 848 shares during the period. Creative Planning lifted its holdings in BrightView by 3.9% in the second quarter. Creative Planning now owns 22,841 shares of the company’s stock valued at $380,000 after acquiring an additional 858 shares during the period. Redmond Asset Management LLC lifted its holdings in BrightView by 0.5% in the third quarter. Redmond Asset Management LLC now owns 172,478 shares of the company’s stock valued at $2,311,000 after acquiring an additional 871 shares during the period. Rhumbline Advisers lifted its holdings in BrightView by 1.9% in the third quarter. Rhumbline Advisers now owns 94,158 shares of the company’s stock valued at $1,262,000 after acquiring an additional 1,733 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in BrightView by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 32,709 shares of the company’s stock valued at $545,000 after acquiring an additional 1,937 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Stock Up 0.9%

BV opened at $12.33 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -176.07 and a beta of 1.19. The business has a 50-day moving average of $12.25 and a two-hundred day moving average of $12.66. BrightView Holdings, Inc. has a 12 month low of $11.06 and a 12 month high of $17.10.

BrightView (NYSE:BV) last issued its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The business had revenue of $702.90 million during the quarter, compared to analysts’ expectations of $638.80 million. During the same quarter in the previous year, the business earned $0.14 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, research analysts expect that BrightView Holdings, Inc. will post 0.57 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on BV shares. Morgan Stanley lifted 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. The Goldman Sachs Group reaffirmed a “sell” rating and set a $11.10 price target on shares of BrightView in a research note on Monday, February 9th. JPMorgan Chase & Co. raised BrightView from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $13.00 to $14.00 in a research note on Thursday, May 7th. BTIG Research reaffirmed a “buy” rating and set a $16.00 price target on shares of BrightView in a research note on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightView in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.02.

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.