XTX Topco Ltd Buys Shares of 10,013 BrightView Holdings, Inc. (NYSE:BV)

XTX Topco Ltd bought a new stake in BrightView Holdings, Inc. (NYSE:BV) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,013 shares of the company’s stock, valued at approximately $129,000.

A number of other large investors also recently bought and sold shares of BV. Sterling Capital Management LLC lifted its position in BrightView by 832.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,864 shares of the company’s stock valued at $30,000 after buying an additional 1,664 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in BrightView by 181.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company’s stock valued at $37,000 after buying an additional 1,475 shares during the last quarter. CWM LLC increased its stake in BrightView by 58.7% during the first quarter. CWM LLC now owns 3,418 shares of the company’s stock worth $44,000 after purchasing an additional 1,264 shares during the period. NewEdge Advisors LLC purchased a new stake in BrightView during the fourth quarter worth about $56,000. Finally, GAMMA Investing LLC increased its stake in BrightView by 933.1% during the first quarter. GAMMA Investing LLC now owns 8,089 shares of the company’s stock worth $104,000 after purchasing an additional 7,306 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

BV has been the topic of a number of recent research reports. Loop Capital cut their price target on shares of BrightView from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, July 3rd. Wall Street Zen downgraded shares of BrightView from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Robert W. Baird lowered their price target on shares of BrightView from $20.00 to $19.00 and set an “outperform” rating for the company in a report on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.82.

Insider Buying and Selling

In other BrightView news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $14.40, for a total value of $167,040,000.00. Following the transaction, the insider directly owned 21,533,123 shares in the company, valued at $310,076,971.20. This represents a 35.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is owned by corporate insiders.

BrightView Trading Down 1.7%

NYSE BV opened at $14.78 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.62. BrightView Holdings, Inc. has a 52 week low of $11.81 and a 52 week high of $18.89. The stock has a market capitalization of $1.40 billion, a PE ratio of 492.73 and a beta of 1.26. The firm has a 50 day moving average of $15.79 and a two-hundred day moving average of $14.74.

BrightView (NYSE:BV) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $708.30 million during the quarter, compared to analysts’ expectations of $763.43 million. BrightView had a net margin of 2.00% and a return on equity of 8.76%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 earnings per share. As a group, research analysts expect that BrightView Holdings, Inc. will post 0.73 EPS for the current fiscal year.

About BrightView

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.