Rhumbline Advisers Sells 4,367 Shares of BrightView Holdings, Inc. (NYSE:BV)

Rhumbline Advisers cut its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 5.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,153 shares of the company’s stock after selling 4,367 shares during the quarter. Rhumbline Advisers owned approximately 0.08% of BrightView worth $1,003,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BV. Sterling Capital Management LLC increased 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 acquiring an additional 1,664 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in BrightView by 181.4% during 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 period. NewEdge Advisors LLC bought a new position in BrightView during the fourth quarter valued at $56,000. New York State Teachers Retirement System lifted its stake 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 during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of BrightView by 933.1% during the first quarter. GAMMA Investing LLC now owns 8,089 shares of the company’s stock valued at $104,000 after buying an additional 7,306 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

BrightView Stock Performance

Shares of BV opened at $15.55 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50-day moving average of $15.15 and a two-hundred day moving average of $14.86. The stock has a market cap of $1.48 billion, a P/E ratio of -777.06 and a beta of 1.26. BrightView Holdings, Inc. has a one year low of $11.81 and a one year high of $18.89.

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, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $662.60 million during the quarter, compared to analysts’ expectations of $643.29 million. BrightView had a return on equity of 8.29% and a net margin of 1.65%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. As a group, research analysts predict that BrightView Holdings, Inc. will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of BrightView from a “buy” rating to a “hold” rating in a research report on Friday, June 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, BrightView presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.41.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $14.40, for a total value of $167,040,000.00. Following the completion of the transaction, the insider now owns 21,533,123 shares of the company’s stock, valued at $310,076,971.20. The trade was a 35.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

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.