HighTower Advisors LLC Raises Stake in BrightView Holdings, Inc. $BV

HighTower Advisors LLC lifted its position in shares of BrightView Holdings, Inc. (NYSE:BV) by 11.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 188,127 shares of the company’s stock after buying an additional 18,857 shares during the quarter. HighTower Advisors LLC owned approximately 0.20% of BrightView worth $2,416,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC grew its holdings in shares of BrightView by 832.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,864 shares of the company’s stock worth $30,000 after buying an additional 1,664 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of 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 in the last quarter. CWM LLC grew its holdings in shares of BrightView by 58.7% during the first quarter. CWM LLC now owns 3,418 shares of the company’s stock worth $44,000 after buying an additional 1,264 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of BrightView during the fourth quarter worth about $56,000. Finally, GAMMA Investing LLC grew its holdings in shares of 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 buying an additional 7,306 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

BrightView Price Performance

BrightView stock opened at $14.8940 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.31 and a current ratio of 1.31. BrightView Holdings, Inc. has a 1 year low of $11.81 and a 1 year high of $18.89. The firm has a 50 day moving average price of $15.60 and a 200 day moving average price of $14.70. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 496.47 and a beta of 1.26.

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

Insider Transactions at BrightView

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Loop Capital lowered their price target on shares of BrightView from $21.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, July 3rd. Robert W. Baird lowered their target price 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. Finally, Wall Street Zen downgraded shares of BrightView from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, BrightView has a consensus rating of “Moderate Buy” and an average price target of $17.98.

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.