Northern Trust Corp Buys 11,052 Shares of BrightView Holdings, Inc. (NYSE:BV)

Northern Trust Corp raised its stake in shares of BrightView Holdings, Inc. (NYSE:BV) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 518,467 shares of the company’s stock after purchasing an additional 11,052 shares during the quarter. Northern Trust Corp owned 0.54% of BrightView worth $8,290,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Boothbay Fund Management LLC bought a new position in shares of BrightView during the 4th quarter worth about $267,000. Gilder Gagnon Howe & Co. LLC increased its holdings in shares of BrightView by 7.4% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 953,746 shares of the company’s stock worth $15,250,000 after purchasing an additional 65,632 shares during the period. Penn Capital Management Company LLC increased its holdings in shares of BrightView by 49.3% during the 4th quarter. Penn Capital Management Company LLC now owns 848,584 shares of the company’s stock worth $13,569,000 after purchasing an additional 280,393 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of BrightView by 11.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,990 shares of the company’s stock worth $608,000 after purchasing an additional 3,779 shares during the period. Finally, Dark Forest Capital Management LP bought a new position in shares of BrightView during the 4th quarter worth about $246,000. Institutional investors own 92.41% of the company’s stock.

BrightView Stock Performance

NYSE:BV opened at $16.35 on Monday. The firm’s 50-day moving average is $13.72 and its 200-day moving average is $15.02. BrightView Holdings, Inc. has a 52-week low of $11.81 and a 52-week high of $18.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 90.81 and a beta of 1.24.

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

BrightView 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.