New York State Common Retirement Fund Decreases Stake in BrightView Holdings, Inc. $BV

New York State Common Retirement Fund cut its stake in shares of BrightView Holdings, Inc. (NYSE:BV) by 61.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 238,888 shares of the company’s stock after selling 384,528 shares during the quarter. New York State Common Retirement Fund owned about 0.25% of BrightView worth $3,201,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BV. IFP Advisors Inc boosted its stake in shares of BrightView by 54.2% during the 2nd quarter. IFP Advisors Inc now owns 2,385 shares of the company’s stock worth $40,000 after acquiring an additional 838 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in BrightView during the third quarter worth $85,000. BNP Paribas Financial Markets grew its holdings in BrightView by 66.8% in the second quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock valued at $93,000 after purchasing an additional 2,240 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of BrightView by 225.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock valued at $94,000 after buying an additional 3,909 shares in the last quarter. Finally, CWM LLC raised its stake in shares of BrightView by 86.2% during the 2nd quarter. CWM LLC now owns 6,364 shares of the company’s stock worth $106,000 after buying an additional 2,946 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Insider Transactions at BrightView

In related news, Director William L. Cornog purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average price of $12.84 per share, with a total value of $128,400.00. Following the completion of the transaction, the director owned 30,000 shares of the company’s stock, valued at approximately $385,200. This trade represents a 50.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jonathan Mark Gottsegen sold 35,000 shares of BrightView stock in a transaction on Monday, December 1st. The shares were sold at an average price of $12.62, for a total transaction of $441,700.00. Following the completion of the transaction, the executive vice president owned 142,958 shares in the company, valued at approximately $1,804,129.96. This trade represents a 19.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.80% of the company’s stock.

BrightView Trading Up 4.8%

Shares of BV opened at $13.54 on Friday. BrightView Holdings, Inc. has a fifty-two week low of $11.06 and a fifty-two week high of $17.10. The company has a market capitalization of $1.28 billion, a PE ratio of -677.20 and a beta of 1.28. The stock has a fifty day moving average of $12.96 and a two-hundred day moving average of $13.44. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.30 and a current ratio of 1.26.

BrightView (NYSE:BV) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The business had revenue of $614.70 million during the quarter, compared to analysts’ expectations of $589.91 million. BrightView had a net margin of 1.90% and a return on equity of 7.85%. BrightView’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 EPS. As a group, analysts forecast that BrightView Holdings, Inc. will post 0.73 EPS for the current year.

Analyst Ratings Changes

BV has been the subject of several recent research reports. Morgan Stanley raised their target price on shares of BrightView from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. JPMorgan Chase & Co. upped their target price on BrightView from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Thursday. Zacks Research raised BrightView from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Robert W. Baird cut their price target on BrightView from $19.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Finally, BTIG Research started coverage on BrightView in a research note on Monday, December 1st. They set a “buy” rating and a $15.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, BrightView currently has a consensus rating of “Hold” and an average target price of $14.42.

BrightView Profile

BrightView Inc (NYSE:BV) is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company’s core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView’s service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.