BrightView Holdings, Inc. (NYSE:BV) Position Trimmed by Bank of America Corp DE

Bank of America Corp DE trimmed its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 113,810 shares of the company’s stock after selling 16,192 shares during the period. Bank of America Corp DE owned about 0.12% of BrightView worth $1,820,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Sterling Capital Management LLC boosted its stake in BrightView by 832.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,864 shares of the company’s stock worth $30,000 after purchasing an additional 1,664 shares during the period. Tower Research Capital LLC TRC boosted its stake in BrightView by 181.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company’s stock worth $37,000 after purchasing an additional 1,475 shares during the period. NewEdge Advisors LLC acquired a new position in BrightView in the 4th quarter worth approximately $56,000. New York State Teachers Retirement System boosted its stake in BrightView by 32.1% in the 4th 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 during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in BrightView in the 4th quarter worth approximately $179,000. 92.41% of the stock is currently owned by institutional investors.

BrightView Trading Up 1.6%

BrightView stock opened at $15.86 on Wednesday. The company has a 50 day moving average price of $14.38 and a 200 day moving average price of $14.91. 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 firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 88.08 and a beta of 1.24.

BrightView (NYSE:BV) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $643.29 million. During the same quarter last year, the business posted $0.11 EPS. The company’s revenue was down 1.5% on a year-over-year basis. Research analysts forecast 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.