Expect Equity LLC Invests $1.65 Million in BrightView Holdings, Inc. $BV

Expect Equity LLC purchased a new position in BrightView Holdings, Inc. (NYSE:BV) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 116,484 shares of the company’s stock, valued at approximately $1,651,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in 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 in the last quarter. Tower Research Capital LLC TRC lifted its holdings in BrightView by 225.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock worth $94,000 after buying an additional 3,909 shares during the last quarter. Glenmede Investment Management LP acquired a new position in shares of BrightView in the 3rd quarter worth approximately $139,000. Janney Montgomery Scott LLC acquired a new position in shares of BrightView in the 1st quarter worth approximately $145,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of BrightView in the 3rd quarter valued at approximately $163,000. 92.41% of the stock is owned by institutional investors.

Insider Transactions at BrightView

In other BrightView news, Director William L. Cornog bought 50,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of $11.25 per share, for a total transaction of $562,500.00. Following the transaction, the director directly owned 70,000 shares in the company, valued at $787,500. The trade was a 250.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is owned by company insiders.

Analyst Ratings Changes

BV has been the topic of several research reports. Zacks Research lowered BrightView from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. BTIG Research reaffirmed a “buy” rating and issued a $16.00 price objective on shares of BrightView in a report on Monday, May 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a report on Friday, July 31st. Oppenheimer started coverage on shares of BrightView in a report on Wednesday, June 17th. They set an “outperform” rating and a $17.00 target price on the stock. Finally, Robert W. Baird set a $14.00 price target on shares of BrightView in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, BrightView has a consensus rating of “Hold” and an average target price of $14.10.

BrightView Trading Up 2.1%

BrightView stock opened at $11.16 on Wednesday. BrightView Holdings, Inc. has a 52-week low of $10.42 and a 52-week high of $15.00. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -44.66, a PEG ratio of 1.81 and a beta of 1.18. The firm has a 50-day moving average price of $13.17 and a two-hundred day moving average price of $12.77.

BrightView (NYSE:BV) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.12). The firm had revenue of $717.60 million during the quarter, compared to analyst estimates of $726.13 million. BrightView had a net margin of 0.74% and a return on equity of 5.03%. BrightView’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 business posted $0.30 EPS. Sell-side analysts expect that BrightView Holdings, Inc. will post 0.4 earnings per share for the current year.

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.