Driehaus Capital Management LLC Lowers Stock Position in BrightView Holdings, Inc. (NYSE:BV)

Driehaus Capital Management LLC decreased its position in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,774,102 shares of the company's stock after selling 19,993 shares during the period. Driehaus Capital Management LLC owned approximately 1.86% of BrightView worth $28,368,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BV. Rhumbline Advisers increased its stake in shares of BrightView by 1.0% in the 4th quarter. Rhumbline Advisers now owns 82,520 shares of the company's stock valued at $1,319,000 after acquiring an additional 831 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in BrightView by 5.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 23,937 shares of the company's stock worth $383,000 after acquiring an additional 1,240 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in shares of BrightView by 32.1% in the 4th quarter. New York State Teachers Retirement System now owns 5,326 shares of the company's stock worth $85,000 after buying an additional 1,293 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of BrightView by 181.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock valued at $37,000 after acquiring an additional 1,475 shares during the period. Finally, Sterling Capital Management LLC grew its position in shares of BrightView by 832.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,864 shares of the company's stock valued at $30,000 after acquiring an additional 1,664 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

BrightView Stock Performance

NYSE BV traded up $0.01 during trading on Friday, hitting $15.78. 2,192,958 shares of the company's stock traded hands, compared to its average volume of 606,971. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 87.67 and a beta of 1.24. BrightView Holdings, Inc. has a 12-month low of $11.81 and a 12-month high of $18.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. The business has a 50 day moving average of $13.32 and a 200-day moving average of $15.02.

BrightView (NYSE:BV - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 EPS 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 the consensus estimate of $643.29 million. BrightView had a net margin of 2.64% and a return on equity of 7.86%. The company's revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. As a group, equities research analysts anticipate that BrightView Holdings, Inc. will post 0.73 earnings per share for the current fiscal 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.