Alliancebernstein L.P. Sells 132,877 Shares of BrightView Holdings, Inc. $BV

Key Points

• Alliancebernstein L.P. has reduced its stake in BrightView Holdings, selling 132,877 shares, which is a 6.7% decline, leaving it with 1,843,386 shares valued at approximately $23.67 million.
• BrightView recently reported a quarterly earnings miss, posting an EPS of $0.30 compared to the expected $0.32, alongside a 4.1% year-over-year revenue decline to $708.3 million.
• Insider Amanda Marie Orders sold 70,000 shares, drastically reducing her ownership by 64.55%, intensifying scrutiny on insider activities within the company.

Alliancebernstein L.P. cut its stake in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 6.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,843,386 shares of the company's stock after selling 132,877 shares during the period. Alliancebernstein L.P. owned about 1.93% of BrightView worth $23,669,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in shares of BrightView by 181.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock worth $37,000 after buying an additional 1,475 shares in the last quarter. CWM LLC grew its position in BrightView by 58.7% during the 1st quarter. CWM LLC now owns 3,418 shares of the company's stock worth $44,000 after acquiring an additional 1,264 shares during the last quarter. GAMMA Investing LLC grew its position in BrightView by 933.1% during the 1st quarter. GAMMA Investing LLC now owns 8,089 shares of the company's stock worth $104,000 after acquiring 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, Fox Run Management L.L.C. bought a new stake in BrightView during the 1st quarter worth approximately $177,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on BV. Wall Street Zen lowered BrightView from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Loop Capital decreased their price target on BrightView from $21.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, July 3rd. Finally, Robert W. Baird decreased their price target on BrightView from $20.00 to $19.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 2nd. Four research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.98.

BrightView Trading Down 1.6%

BV traded down $0.23 during mid-day trading on Friday, reaching $13.93. The stock had a trading volume of 585,792 shares, compared to its average volume of 791,207. The stock has a market capitalization of $1.32 billion, a P/E ratio of 464.37 and a beta of 1.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.31 and a current ratio of 1.31. The firm's fifty day simple moving average is $15.13 and its two-hundred day simple moving average is $14.68. 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 announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The firm had revenue of $708.30 million during the quarter, compared to the consensus estimate of $763.43 million. BrightView had a net margin of 2.00% and a return on equity of 8.76%. The firm's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 earnings per share. On average, equities analysts predict that BrightView Holdings, Inc. will post 0.73 EPS for the current year.

Insider Buying and Selling

In other BrightView news, EVP Amanda Marie Orders sold 70,000 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $14.78, for a total value 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. This trade represents a 64.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.20% of the company's stock.

BrightView 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.