425,000 Shares in BrightView Holdings, Inc. $BV Purchased by AWH Capital L.P.

Key Points

• AWH Capital acquired 425,000 BrightView shares worth approximately $6.0 million, while other institutional investors—including BlackRock and Punch & Associates—also built new or expanded positions. Institutions now own 92.41% of the company.
• BrightView’s latest quarterly results fell short of expectations: EPS was $0.17 versus the $0.29 consensus, and revenue was $717.6 million compared with estimates of $726.1 million, despite 1.3% year-over-year growth.
• The stock recently traded at $11.28, and analyst sentiment remains mixed, resulting in a consensus “Hold” rating and an average price target of $14.10.

AWH Capital L.P. acquired a new position in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 425,000 shares of the company's stock, valued at approximately $6,022,250. BrightView accounts for approximately 0.0% of AWH Capital L.P.'s portfolio, making the stock its 9th largest position. AWH Capital L.P. owned approximately 0.46% of BrightView as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of BrightView during the 2nd quarter worth approximately $80,091,000. Punch & Associates Investment Management Inc. purchased a new position in shares of BrightView in the second quarter valued at $16,778,000. Private Management Group Inc. purchased a new position in shares of BrightView during the fourth quarter valued at about $7,468,000. Two Sigma Investments LP boosted its stake in shares of BrightView by 1,964.7% in the 3rd quarter. Two Sigma Investments LP now owns 568,466 shares of the company's stock worth $7,617,000 after buying an additional 540,933 shares during the last quarter. Finally, Millennium Management LLC lifted its position in BrightView by 54.2% during the first quarter. Millennium Management LLC now owns 1,456,682 shares of the company's stock valued at $18,704,000 after purchasing an additional 512,098 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Insider Transactions at BrightView

In other news, Director William L. Cornog bought 50,000 shares of the stock in a transaction on Thursday, August 6th. The shares were bought at an average price of $11.25 per share, with a total value of $562,500.00. Following the completion of the acquisition, the director owned 70,000 shares in the company, valued at $787,500. The trade was a 250.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.80% of the stock is currently owned by insiders.

BrightView Stock Up 1.8%

Shares of BrightView stock traded up $0.20 on Friday, hitting $11.28. 801,805 shares of the company's stock traded hands, compared to its average volume of 742,362. BrightView Holdings, Inc. has a 52-week low of $10.42 and a 52-week high of $15.00. The stock has a market cap of $1.05 billion, a P/E ratio of -45.12, a PEG ratio of 1.83 and a beta of 1.18. The firm's 50-day moving average is $13.10 and its 200 day moving average is $12.75. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.71.

BrightView (NYSE:BV - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) 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 firm had revenue of $717.60 million for the quarter, compared to the consensus estimate of $726.13 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. The business's revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts anticipate that BrightView Holdings, Inc. will post 0.4 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on BV. Wall Street Zen cut shares of BrightView from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. raised BrightView from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $13.00 to $14.00 in a report on Thursday, May 7th. BTIG Research reiterated a "buy" rating and set a $16.00 target price on shares of BrightView in a report on Monday, May 11th. Oppenheimer initiated coverage on BrightView in a research report on Wednesday, June 17th. They issued an "outperform" rating and a $17.00 price objective for the company. Finally, Morgan Stanley dropped their price target on BrightView from $14.00 to $12.50 and set an "equal weight" rating for the company in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $14.10.

BrightView 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.

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