Quarry LP Lowers Stock Position in BrightView Holdings, Inc. (NYSE:BV)

Quarry LP cut its stake in shares of BrightView Holdings, Inc. (NYSE:BV) by 41.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,267 shares of the company’s stock after selling 4,507 shares during the quarter. Quarry LP’s holdings in BrightView were worth $53,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of BrightView by 59.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company’s stock valued at $61,000 after acquiring an additional 2,726 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of BrightView during the 4th quarter valued at about $91,000. Teacher Retirement System of Texas bought a new stake in BrightView during the fourth quarter worth approximately $92,000. Aigen Investment Management LP purchased a new stake in BrightView during the fourth quarter valued at approximately $94,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of BrightView by 977.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,584 shares of the company’s stock valued at $98,000 after purchasing an additional 10,509 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Insider Transactions at BrightView

In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the sale, the insider now owns 33,133,123 shares of the company’s stock, valued at approximately $413,501,375.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

BV has been the subject of several analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $9.00 price target on shares of BrightView in a research report on Monday, March 4th. Robert W. Baird lifted their price target on shares of BrightView from $8.50 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. The Goldman Sachs Group reiterated a “sell” rating and set a $10.00 price objective (up previously from $8.00) on shares of BrightView in a report on Thursday, April 4th. Finally, Craig Hallum started coverage on BrightView in a research note on Monday, March 4th. They set a “buy” rating and a $15.00 target price on the stock.

BrightView Trading Down 1.2 %

Shares of BrightView stock opened at $13.58 on Monday. The firm’s 50 day simple moving average is $12.69 and its two-hundred day simple moving average is $10.31. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 67.90 and a beta of 1.32. BrightView Holdings, Inc. has a 12-month low of $6.58 and a 12-month high of $14.42. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.71.

BrightView (NYSE:BV) last released its earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. BrightView had a return on equity of 5.78% and a net margin of 1.80%. The firm had revenue of $672.90 million for the quarter, compared to the consensus estimate of $683.80 million. During the same period in the prior year, the firm earned ($0.12) EPS. The firm’s revenue was up 3.5% on a year-over-year basis. Analysts predict that BrightView Holdings, Inc. will post 0.65 EPS for the current year.

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.