Dynamic Technology Lab Private Ltd Buys Shares of 39,735 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 purchased a new stake in BrightView Holdings, Inc. (NYSE:BV - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 39,735 shares of the company's stock, valued at approximately $510,000.

Several other large investors also recently made changes to their positions in BV. Tower Research Capital LLC TRC increased 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 purchasing an additional 1,475 shares during the period. CWM LLC increased its stake in shares of BrightView by 58.7% in the first quarter. CWM LLC now owns 3,418 shares of the company's stock valued at $44,000 after purchasing an additional 1,264 shares during the period. GAMMA Investing LLC boosted its holdings in shares of BrightView by 933.1% in the first quarter. GAMMA Investing LLC now owns 8,089 shares of the company's stock valued at $104,000 after acquiring an additional 7,306 shares in the last quarter. XTX Topco Ltd bought a new position in shares of BrightView in the first quarter valued at 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 and hedge funds own 92.41% of the company's stock.

Insiders Place Their Bets

In other BrightView news, EVP Amanda Marie Orders sold 70,000 shares of BrightView stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $14.78, for a total transaction of $1,034,600.00. Following the transaction, the executive vice president directly owned 38,446 shares in the company, valued at approximately $568,231.88. The trade was a 64.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company's stock.

BrightView Price Performance

NYSE:BV traded down $0.06 during trading hours on Tuesday, reaching $13.54. 895,940 shares of the company's stock were exchanged, compared to its average volume of 805,282. BrightView Holdings, Inc. has a 12 month low of $11.81 and a 12 month high of $18.89. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.28 billion, a P/E ratio of 451.33 and a beta of 1.29. The business's 50-day simple moving average is $15.06 and its two-hundred day simple moving average is $14.70.

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

Analyst Upgrades and Downgrades

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

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.