Quadrature Capital Ltd Acquires New Position in BrightView Holdings, Inc. (NYSE:BV)

Quadrature Capital Ltd acquired a new stake in BrightView Holdings, Inc. (NYSE:BV) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 68,061 shares of the company’s stock, valued at approximately $573,000. Quadrature Capital Ltd owned 0.07% of BrightView as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Penn Capital Management Company LLC purchased a new position in BrightView during the 4th quarter valued at about $1,908,000. Tower Research Capital LLC TRC grew its holdings in BrightView by 977.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,584 shares of the company’s stock valued at $98,000 after buying an additional 10,509 shares in the last quarter. Aigen Investment Management LP purchased a new position in BrightView during the 4th quarter valued at about $94,000. Quest Partners LLC purchased a new position in BrightView during the 4th quarter valued at about $207,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in BrightView during the 4th quarter valued at about $128,000. 92.41% of the stock is currently owned by institutional investors.

BrightView Stock Performance

NYSE:BV opened at $13.83 on Friday. The business has a 50 day moving average of $12.89 and a 200 day moving average of $10.52. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 69.15 and a beta of 1.32. BrightView Holdings, Inc. has a 1-year low of $6.58 and a 1-year high of $14.42. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.67.

BrightView (NYSE:BV) last released its earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The company had revenue of $672.90 million during the quarter, compared to the consensus estimate of $683.80 million. BrightView had a return on equity of 5.78% and a net margin of 1.80%. BrightView’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.12) EPS. On average, sell-side analysts predict that BrightView Holdings, Inc. will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total value of $218,400,000.00. Following the completion of the sale, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BV has been the subject of a number of recent analyst reports. Robert W. Baird lifted their target price on BrightView from $8.50 to $13.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Craig Hallum started coverage on BrightView in a report on Monday, March 4th. They set a “buy” rating and a $15.00 price objective for the company. Jefferies Financial Group reissued a “hold” rating and set a $9.00 price objective on shares of BrightView in a report on Monday, March 4th. Finally, The Goldman Sachs Group reissued 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.

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.