Nuveen LLC Makes New $4.50 Million Investment in BrightView Holdings, Inc. $BV

Nuveen LLC purchased a new position in shares of BrightView Holdings, Inc. (NYSE:BV) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 350,472 shares of the company’s stock, valued at approximately $4,500,000. Nuveen LLC owned 0.37% of BrightView as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BV. Tower Research Capital LLC TRC increased its position 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. CWM LLC increased its position in BrightView by 58.7% in the 1st quarter. CWM LLC now owns 3,418 shares of the company’s stock valued at $44,000 after acquiring an additional 1,264 shares during the period. NewEdge Advisors LLC acquired a new position in BrightView in the 4th quarter valued at about $56,000. GAMMA Investing LLC increased its position in BrightView by 933.1% in the 1st quarter. GAMMA Investing LLC now owns 8,089 shares of the company’s stock valued at $104,000 after acquiring an additional 7,306 shares during the period. Finally, XTX Topco Ltd acquired a new position in BrightView in the 1st quarter valued at about $129,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Insider Transactions at BrightView

In related news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider owned 21,533,123 shares of the company’s stock, valued at approximately $310,076,971.20. This represents a 35.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.20% of the company’s stock.

BrightView Stock Performance

NYSE BV opened at $14.61 on Wednesday. The business’s 50 day moving average is $15.56 and its two-hundred day moving average is $14.68. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 486.83 and a beta of 1.26. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.62. BrightView Holdings, Inc. has a 12-month low of $11.81 and a 12-month high of $18.89.

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 firm had revenue of $708.30 million for the quarter, compared to analysts’ expectations of $763.43 million. BrightView had a return on equity of 8.76% and a net margin of 2.00%.BrightView’s revenue was down 4.1% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS. Research analysts expect that BrightView Holdings, Inc. will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BV shares. Loop Capital dropped their price target on BrightView from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, July 3rd. Wall Street Zen cut BrightView from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Robert W. Baird dropped their price target on BrightView from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 2nd. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.