AWH Capital L.P. Invests $6.02 Million in BrightView Holdings, Inc. $BV

Key Points

• AWH Capital initiated a $6.02 million BrightView position, buying 425,000 shares and owning 0.46% of the company. Institutional investors collectively hold 92.41% of BrightView’s outstanding stock.
• BrightView’s latest quarterly results fell short of expectations, with earnings of $0.17 per share versus the $0.29 consensus and revenue of $717.6 million versus $726.13 million expected. Revenue still increased 1.3% year over year.
• Analyst sentiment is mixed, resulting in an overall “Hold” rating and a consensus price target of $14.10, compared with the stock’s recent price of $11.28. A company director also purchased 50,000 shares for $562,500.

AWH Capital L.P. bought a new position in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 425,000 shares of the company's stock, valued at approximately $6,022,250. BrightView makes up approximately 0.0% of AWH Capital L.P.'s portfolio, making the stock its 9th largest position. AWH Capital L.P. owned 0.46% of BrightView at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of BrightView during the 2nd quarter worth about $80,091,000. Dimensional Fund Advisors LP raised its position in shares of BrightView by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company's stock worth $62,118,000 after acquiring an additional 192,376 shares in the last quarter. Van Berkom & Associates Inc. increased its position in BrightView by 3.7% during the first quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company's stock worth $59,405,000 after buying an additional 179,757 shares during the period. Cooke & Bieler LP increased its position in BrightView by 2.3% during the fourth quarter. Cooke & Bieler LP now owns 3,648,496 shares of the company's stock worth $46,226,000 after buying an additional 80,446 shares during the period. Finally, Bessemer Group Inc. increased its position in BrightView by 5.6% during the first quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company's stock worth $22,162,000 after buying an additional 99,103 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

BrightView Price Performance

BrightView stock opened at $11.28 on Friday. BrightView Holdings, Inc. has a 12 month low of $10.42 and a 12 month high of $15.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.28. The business has a 50 day simple moving average of $13.07 and a 200-day simple moving average of $12.73. The stock has a market capitalization of $1.05 billion, a PE ratio of -45.12, a price-to-earnings-growth ratio of 1.84 and a beta of 1.18.

BrightView (NYSE:BV - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.12). BrightView had a net margin of 0.74% and a return on equity of 5.03%. The business had revenue of $717.60 million during the quarter, compared to analysts' expectations of $726.13 million. During the same quarter last year, the firm earned $0.30 earnings per share. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts predict that BrightView Holdings, Inc. will post 0.4 earnings per share for the current year.

Insider Buying and Selling at BrightView

In other BrightView news, Director William L. Cornog purchased 50,000 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of $11.25 per share, for a total transaction of $562,500.00. Following the completion of the purchase, the director directly owned 70,000 shares in the company, valued at $787,500. This represents a 250.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BV has been the topic of several research analyst reports. Robert W. Baird set a $14.00 price target on BrightView in a research report on Wednesday, August 5th. JPMorgan Chase & Co. raised BrightView from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $13.00 to $14.00 in a research report on Thursday, May 7th. Morgan Stanley cut their price target on BrightView from $14.00 to $12.50 and set an "equal weight" rating on the stock in a research report on Thursday, August 6th. Oppenheimer started coverage on BrightView in a research note on Wednesday, June 17th. They issued an "outperform" rating and a $17.00 target price on the stock. Finally, BTIG Research reissued a "buy" rating and issued a $16.00 target price on shares of BrightView in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $14.10.

BrightView Company Profile

BrightView Inc NYSE: BV is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company's core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView's service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.