Rhumbline Advisers Sells 4,367 Shares of BrightView Holdings, Inc. $BV

Rhumbline Advisers trimmed its position in BrightView Holdings, Inc. (NYSE:BV) by 5.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,153 shares of the company’s stock after selling 4,367 shares during the period. Rhumbline Advisers owned approximately 0.08% of BrightView worth $1,003,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Cooke & Bieler LP lifted its holdings in shares of BrightView by 38.2% in the first quarter. Cooke & Bieler LP now owns 2,515,610 shares of the company’s stock valued at $32,300,000 after purchasing an additional 695,315 shares in the last quarter. Newtyn Management LLC increased its position in shares of BrightView by 30.5% in the first quarter. Newtyn Management LLC now owns 2,300,000 shares of the company’s stock valued at $29,532,000 after acquiring an additional 538,111 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of BrightView by 11.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,658,306 shares of the company’s stock valued at $21,293,000 after acquiring an additional 167,966 shares during the last quarter. Millennium Management LLC increased its position in shares of BrightView by 54.2% in the first quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock valued at $18,704,000 after acquiring an additional 512,098 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. increased its position in shares of BrightView by 2.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,086,366 shares of the company’s stock valued at $13,949,000 after acquiring an additional 21,010 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other BrightView news, EVP Amanda Marie Orders sold 70,000 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $14.78, for a total value of $1,034,600.00. Following the completion of the sale, the executive vice president directly owned 38,446 shares of the company’s stock, valued at $568,231.88. The trade was a 64.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.20% of the stock is owned by corporate insiders.

BrightView Stock Down 1.9%

BV opened at $13.37 on Friday. The company has a fifty day moving average price of $14.93 and a 200-day moving average price of $14.71. The firm has a market capitalization of $1.27 billion, a P/E ratio of 445.80 and a beta of 1.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.31 and a quick ratio of 1.31. BrightView Holdings, Inc. has a one year low of $11.81 and a one year high of $18.89.

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

Wall Street Analyst Weigh In

BV has been the topic of several research reports. Wall Street Zen downgraded BrightView from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Robert W. Baird cut their target price on BrightView from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, July 2nd. Finally, Loop Capital dropped their price target on BrightView from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, July 3rd. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, BrightView has an average rating of “Moderate Buy” and a consensus price target of $17.98.

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.