Nuveen Asset Management LLC Has $2.07 Million Position in BrightView Holdings, Inc. (NYSE:BV)

Nuveen Asset Management LLC cut its stake in shares of BrightView Holdings, Inc. (NYSE:BV) by 75.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 129,172 shares of the company’s stock after selling 389,220 shares during the period. Nuveen Asset Management LLC owned about 0.14% of BrightView worth $2,065,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BV. Rhumbline Advisers increased its position in BrightView by 1.0% in the 4th quarter. Rhumbline Advisers now owns 82,520 shares of the company’s stock worth $1,319,000 after purchasing an additional 831 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of BrightView by 5.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 23,937 shares of the company’s stock valued at $383,000 after buying an additional 1,240 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of BrightView by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,094 shares of the company’s stock valued at $529,000 after buying an additional 1,278 shares in the last quarter. New York State Teachers Retirement System increased its holdings in BrightView by 32.1% in the fourth quarter. New York State Teachers Retirement System now owns 5,326 shares of the company’s stock worth $85,000 after buying an additional 1,293 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in BrightView by 181.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company’s stock worth $37,000 after buying an additional 1,475 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

BrightView Price Performance

Shares of BV opened at $15.61 on Tuesday. 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 firm has a market cap of $1.49 billion, a PE ratio of 86.74 and a beta of 1.24. The firm’s 50 day moving average price is $14.33 and its 200 day moving average price is $14.90. BrightView Holdings, Inc. has a twelve month low of $11.81 and a twelve month high of $18.89.

BrightView (NYSE:BV) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. BrightView had a net margin of 2.64% and a return on equity of 7.86%. The company had revenue of $662.60 million for the quarter, compared to analyst estimates of $643.29 million. During the same quarter in the prior year, the business posted $0.11 EPS. BrightView’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, research analysts expect that BrightView Holdings, Inc. will post 0.73 EPS for the current fiscal 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.