Dynamic Technology Lab Private Ltd Acquires New Holdings in BrightView Holdings, Inc. $BV

Key Points

• Dynamic Technology Lab Private Ltd acquired a new stake in BrightView Holdings, purchasing 39,735 shares valued at approximately $510,000 during the 1st quarter.
• Insider activity included EVP Amanda Marie Orders selling 70,000 shares at an average price of $14.78, resulting in a significant 64.55% reduction in her holdings.
• Analysts have downgraded BrightView's rating, with Wall Street Zen changing its recommendation from "buy" to "hold" and several price targets adjusted downward.

Dynamic Technology Lab Private Ltd bought a new position in BrightView Holdings, Inc. (NYSE:BV - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 39,735 shares of the company's stock, valued at approximately $510,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BV. Tower Research Capital LLC TRC lifted its stake in shares of BrightView by 181.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock valued at $37,000 after buying an additional 1,475 shares in the last quarter. CWM LLC lifted its position in BrightView by 58.7% in the 1st quarter. CWM LLC now owns 3,418 shares of the company's stock valued at $44,000 after acquiring an additional 1,264 shares in the last quarter. GAMMA Investing LLC boosted its stake in BrightView by 933.1% during the 1st quarter. GAMMA Investing LLC now owns 8,089 shares of the company's stock valued at $104,000 after purchasing an additional 7,306 shares during the last quarter. XTX Topco Ltd bought a new stake in BrightView during the 1st quarter worth approximately $129,000. Finally, Petrus Trust Company LTA bought a new position in shares of BrightView in the first quarter valued at approximately $145,000. Institutional investors own 92.41% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on BV shares. Robert W. Baird lowered their price target on BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a research report on Wednesday, July 2nd. Wall Street Zen downgraded shares of BrightView from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Loop Capital cut their price target on shares of BrightView from $21.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday, July 3rd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, BrightView presently has a consensus rating of "Moderate Buy" and an average price target of $17.98.

Insiders Place Their Bets

In other news, EVP Amanda Marie Orders sold 70,000 shares of BrightView stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $14.78, for a total value of $1,034,600.00. Following the completion of the transaction, the executive vice president owned 38,446 shares in the company, valued at $568,231.88. This trade represents a 64.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by corporate insiders.

BrightView Stock Performance

BV traded down $0.23 during midday trading on Friday, reaching $13.93. The company had a trading volume of 585,792 shares, compared to its average volume of 791,207. The business has a 50-day moving average price of $15.13 and a two-hundred day moving average price of $14.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.31 and a current ratio of 1.31. BrightView Holdings, Inc. has a 12-month low of $11.81 and a 12-month high of $18.89. The stock has a market cap of $1.32 billion, a PE ratio of 464.37 and a beta of 1.29.

BrightView (NYSE:BV - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $708.30 million during the quarter, compared to analysts' expectations of $763.43 million. BrightView had a net margin of 2.00% and a return on equity of 8.76%. BrightView's revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 EPS. On average, sell-side analysts expect that BrightView Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

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.