Two Sigma Investments LP Sells 95,971 Shares of BrightView Holdings, Inc. (NYSE:BV)

Two Sigma Investments LP lessened its stake in BrightView Holdings, Inc. (NYSE:BV) by 47.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 106,663 shares of the company’s stock after selling 95,971 shares during the period. Two Sigma Investments LP owned about 0.11% of BrightView worth $1,706,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BV. SG Americas Securities LLC grew its holdings in BrightView by 20.5% during the 4th quarter. SG Americas Securities LLC now owns 16,346 shares of the company’s stock worth $261,000 after acquiring an additional 2,783 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of BrightView during the 4th quarter valued at about $273,000. Bleakley Financial Group LLC grew its stake in BrightView by 17.3% during the fourth quarter. Bleakley Financial Group LLC now owns 18,689 shares of the company’s stock worth $299,000 after purchasing an additional 2,752 shares during the period. Empowered Funds LLC grew its stake in BrightView by 5.1% during the fourth quarter. Empowered Funds LLC now owns 498,185 shares of the company’s stock worth $7,966,000 after purchasing an additional 24,328 shares during the period. Finally, 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 purchasing an additional 1,293 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Price Performance

Shares of BV opened at $15.61 on Tuesday. The firm has a market cap of $1.49 billion, a PE ratio of 86.74 and a beta of 1.24. BrightView Holdings, Inc. has a 52-week low of $11.81 and a 52-week high of $18.89. The business’s 50 day moving average price is $14.33 and its two-hundred day moving average price is $14.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43.

BrightView (NYSE:BV) last released its earnings results 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. The company had revenue of $662.60 million for the quarter, compared to the consensus estimate of $643.29 million. BrightView had a net margin of 2.64% and a return on equity of 7.86%. BrightView’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. On average, equities analysts anticipate that BrightView Holdings, Inc. will post 0.73 EPS for the current 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.