KLP Kapitalforvaltning AS Grows Stock Position in BrightView Holdings, Inc. $BV

KLP Kapitalforvaltning AS grew its position in shares of BrightView Holdings, Inc. (NYSE:BV) by 33.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,900 shares of the company’s stock after acquiring an additional 3,700 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in BrightView were worth $248,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BV. 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 acquiring an additional 1,264 shares during the last quarter. 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 acquiring an additional 7,306 shares during the last quarter. XTX Topco Ltd acquired a new stake in BrightView during the first quarter worth about $129,000. Petrus Trust Company LTA acquired a new stake in BrightView during the first quarter worth about $145,000. Finally, Fox Run Management L.L.C. acquired a new stake in BrightView during the first quarter worth about $177,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

BrightView Trading Up 1.7%

NYSE:BV opened at $13.13 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $13.86 and its two-hundred day moving average is $14.77. BrightView Holdings, Inc. has a 52 week low of $11.81 and a 52 week high of $18.89. The company has a market cap of $1.25 billion, a PE ratio of 437.67 and a beta of 1.26.

BrightView (NYSE:BV) last released its earnings results on Wednesday, August 6th. The company reported $0.30 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 firm 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 business earned $0.32 EPS. The company’s quarterly revenue was down 4.1% on a year-over-year basis. On average, analysts predict that BrightView Holdings, Inc. will post 0.73 EPS for the current year.

Insider Buying and Selling

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

Analysts Set New Price Targets

BV has been the subject of a number of recent research reports. Loop Capital lowered their target price on BrightView from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, July 3rd. Zacks Research lowered BrightView from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Robert W. Baird lowered 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of BrightView in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered BrightView from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $17.98.

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.