The Manufacturers Life Insurance Company Sells 998 Shares of BrightView Holdings, Inc. (NYSE:BV)

The Manufacturers Life Insurance Company trimmed its position in shares of BrightView Holdings, Inc. (NYSE:BV) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,643 shares of the company’s stock after selling 998 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in BrightView were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Boothbay Fund Management LLC bought a new stake in BrightView during the fourth quarter worth about $267,000. Gilder Gagnon Howe & Co. LLC grew its stake in shares of BrightView by 7.4% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 953,746 shares of the company’s stock valued at $15,250,000 after purchasing an additional 65,632 shares during the last quarter. Penn Capital Management Company LLC grew its stake in shares of BrightView by 49.3% during the fourth quarter. Penn Capital Management Company LLC now owns 848,584 shares of the company’s stock valued at $13,569,000 after purchasing an additional 280,393 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of BrightView by 11.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,990 shares of the company’s stock valued at $608,000 after purchasing an additional 3,779 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in shares of BrightView during the fourth quarter valued at approximately $246,000. 92.41% of the stock is owned by institutional investors.

BrightView Price Performance

BV opened at $16.35 on Friday. BrightView Holdings, Inc. has a one year low of $11.81 and a one year high of $18.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. The company’s 50 day simple moving average is $13.72 and its 200-day simple moving average is $15.04. The stock has a market capitalization of $1.56 billion, a P/E ratio of 90.81 and a beta of 1.24.

BrightView (NYSE:BV) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. BrightView had a net margin of 2.64% and a return on equity of 7.86%. The firm had revenue of $662.60 million for the quarter, compared to analysts’ expectations of $643.29 million. During the same period last year, the firm earned $0.11 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Sell-side analysts anticipate that BrightView Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

BrightView Company Profile

BrightView Holdings, Inc, through its subsidiaries, provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segment delivers a suite of recurring commercial landscaping services, including mowing, gardening, mulching and snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance.