AWH Capital L.P. Makes New Investment in BrightView Holdings, Inc. $BV

Key Points

• AWH Capital L.P. invested approximately $1.44 million in BrightView Holdings, acquiring 112,500 shares, which now represents about 2.1% of its investment portfolio.
• BrightView reported a decline in revenue of 4.1% year-over-year and earnings per share of $0.30, falling short of the anticipated $0.32 by $0.02.
• Insider transactions included a major shareholder, Kkr Group Partnership L.P., selling 11.6 million shares for approximately $167 million, reducing their ownership by 35.01%.

AWH Capital L.P. purchased a new stake in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 112,500 shares of the company's stock, valued at approximately $1,444,000. BrightView accounts for 2.1% of AWH Capital L.P.'s holdings, making the stock its 16th largest position. AWH Capital L.P. owned 0.12% of BrightView at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BV. Envestnet Asset Management Inc. increased its position in shares of BrightView by 5.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 23,937 shares of the company's stock worth $383,000 after purchasing an additional 1,240 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of BrightView by 6.9% in the fourth quarter. MetLife Investment Management LLC now owns 35,505 shares of the company's stock worth $568,000 after purchasing an additional 2,277 shares during the last quarter. Tower Research Capital LLC TRC increased its position 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 worth $37,000 after purchasing an additional 1,475 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in BrightView by 11.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,990 shares of the company's stock worth $608,000 after buying an additional 3,779 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in BrightView by 2.2% in the fourth quarter. Northern Trust Corp now owns 518,467 shares of the company's stock worth $8,290,000 after buying an additional 11,052 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

BrightView Trading Down 0.7%

NYSE BV traded down $0.10 during trading on Friday, hitting $14.34. The company had a trading volume of 591,297 shares, compared to its average volume of 853,075. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 477.83 and a beta of 1.29. The company's fifty day moving average is $15.33 and its 200-day moving average is $14.68. BrightView Holdings, Inc. has a one year low of $11.81 and a one year 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 the consensus estimate of $0.32 by ($0.02). BrightView had a net margin of 2.00% and a return on equity of 8.76%. The firm had revenue of $708.30 million for the quarter, compared to analysts' expectations of $763.43 million. During the same period in the prior year, the business posted $0.32 EPS. The business's quarterly revenue was down 4.1% compared to the same quarter last year. On average, sell-side analysts predict that BrightView Holdings, Inc. will post 0.73 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Amanda Marie Orders sold 70,000 shares of BrightView stock in a transaction dated 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 completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.