Bessemer Group Inc. Has $20.42 Million Position in BrightView Holdings, Inc. (NYSE:BV)

Bessemer Group Inc. lessened its position in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 16.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,590,532 shares of the company's stock after selling 318,119 shares during the quarter. Bessemer Group Inc. owned about 1.67% of BrightView worth $20,422,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BV. Rhumbline Advisers lifted its stake in shares of BrightView by 1.0% during the fourth quarter. Rhumbline Advisers now owns 82,520 shares of the company's stock valued at $1,319,000 after acquiring an additional 831 shares during the period. Principal Financial Group Inc. lifted its stake in shares of BrightView by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 50,359 shares of the company's stock valued at $805,000 after acquiring an additional 4,430 shares during the period. Telemark Asset Management LLC lifted its stake in shares of BrightView by 6.3% during the fourth quarter. Telemark Asset Management LLC now owns 850,000 shares of the company's stock valued at $13,592,000 after acquiring an additional 50,000 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in shares of BrightView by 5.7% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 358,436 shares of the company's stock valued at $5,731,000 after acquiring an additional 19,382 shares during the period. Finally, Monimus Capital Management LP bought a new stake in BrightView in the fourth quarter valued at about $1,413,000. Institutional investors and hedge funds own 92.41% of the company's stock.

BrightView Trading Up 1.1%

Shares of BrightView stock traded up $0.19 during trading hours on Friday, hitting $16.39. The company's stock had a trading volume of 2,172,375 shares, compared to its average volume of 589,449. BrightView Holdings, Inc. has a 12 month low of $11.81 and a 12 month high of $18.89. The stock has a 50 day moving average of $15.40 and a 200 day moving average of $14.81. The company has a market capitalization of $1.56 billion, a PE ratio of -818.84 and a beta of 1.26. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.42 and a quick ratio of 1.42.

BrightView (NYSE:BV - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. BrightView had a return on equity of 8.29% and a net margin of 1.65%. The company had revenue of $662.60 million during the quarter, compared to the consensus estimate of $643.29 million. During the same period in the prior year, the company earned $0.11 earnings per share. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. Analysts predict that BrightView Holdings, Inc. will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded BrightView from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.41.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $14.40, for a total transaction of $167,040,000.00. Following the completion of the transaction, the insider now directly owns 21,533,123 shares of the company's stock, valued at $310,076,971.20. This represents a 35.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.