Alyeska Investment Group L.P. Sells 275,303 Shares of BrightView Holdings, Inc. (NYSE:BV)

Alyeska Investment Group L.P. lowered its stake in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 55.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 223,845 shares of the company's stock after selling 275,303 shares during the period. Alyeska Investment Group L.P. owned approximately 0.23% of BrightView worth $3,579,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BV. First Trust Advisors LP acquired a new position in shares of BrightView during the fourth quarter worth approximately $3,388,000. Knights of Columbus Asset Advisors LLC bought a new position in BrightView during the fourth quarter worth $1,727,000. Trexquant Investment LP boosted its holdings in BrightView by 38.8% in the 4th quarter. Trexquant Investment LP now owns 334,859 shares of the company's stock valued at $5,354,000 after purchasing an additional 93,551 shares during the period. New York State Common Retirement Fund grew its position in BrightView by 29.9% in the 4th quarter. New York State Common Retirement Fund now owns 512,666 shares of the company's stock worth $8,198,000 after purchasing an additional 117,871 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in BrightView by 6.9% during the fourth quarter. MetLife Investment Management LLC now owns 35,505 shares of the company's stock valued at $568,000 after acquiring an additional 2,277 shares during the period. Institutional investors own 92.41% of the company's stock.

BrightView Stock Performance

BV stock traded up $0.01 during midday trading on Friday, hitting $15.78. The stock had a trading volume of 2,192,958 shares, compared to its average volume of 606,971. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 87.67 and a beta of 1.24. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.63. The stock has a 50-day simple moving average of $13.32 and a 200 day simple moving average of $15.02. BrightView Holdings, Inc. has a 52 week low of $11.81 and a 52 week high of $18.89.

BrightView (NYSE:BV - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $662.60 million for the quarter, compared to analyst estimates of $643.29 million. BrightView had a net margin of 2.64% and a return on equity of 7.86%. The firm's revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS. As a group, equities research analysts anticipate that BrightView Holdings, Inc. will post 0.73 earnings per share 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.