Insider Selling: BrightView Holdings, Inc. (NYSE:BV) Major Shareholder Sells 11,600,000 Shares of Stock

BrightView Holdings, Inc. (NYSE:BV - Get Free Report) major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $14.40, for a total value of $167,040,000.00. Following the sale, the insider now owns 21,533,123 shares of the company's stock, valued at approximately $310,076,971.20. This trade represents a 35.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

BrightView Stock Performance

NYSE:BV traded down $0.22 during mid-day trading on Wednesday, hitting $16.12. 658,029 shares of the company traded hands, compared to its average volume of 592,196. The stock's fifty day moving average price is $14.73 and its 200-day moving average price is $14.91. BrightView Holdings, Inc. has a one year low of $11.81 and a one year high of $18.89. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 89.53 and a beta of 1.26.

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

Institutional Trading of BrightView

Several hedge funds have recently bought and sold shares of BV. Sterling Capital Management LLC grew its position in shares of BrightView by 832.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,864 shares of the company's stock worth $30,000 after purchasing an additional 1,664 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of BrightView by 181.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock worth $37,000 after purchasing an additional 1,475 shares in the last quarter. CWM LLC grew its position in shares of BrightView by 58.7% during the first quarter. CWM LLC now owns 3,418 shares of the company's stock worth $44,000 after purchasing an additional 1,264 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of BrightView during the fourth quarter worth about $56,000. Finally, New York State Teachers Retirement System grew its position in shares of BrightView by 32.1% during the fourth quarter. New York State Teachers Retirement System now owns 5,326 shares of the company's stock worth $85,000 after purchasing an additional 1,293 shares in the last quarter. Institutional investors own 92.41% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut BrightView from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $17.41.

BrightView Company 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.