BrightView Holdings, Inc. (NYSE:BV) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its holdings in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 16.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,590,532 shares of the company's stock after selling 318,119 shares during the period. Bessemer Group Inc. owned 1.67% of BrightView worth $20,422,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BV. Interval Partners LP purchased a new position in BrightView in the 4th quarter valued at $10,728,000. Boston Partners raised its position in BrightView by 514.6% during the 4th quarter. Boston Partners now owns 579,159 shares of the company's stock worth $9,260,000 after buying an additional 484,928 shares during the last quarter. Millennium Management LLC lifted its stake in shares of BrightView by 96.5% in the 4th quarter. Millennium Management LLC now owns 944,584 shares of the company's stock worth $15,104,000 after acquiring an additional 463,983 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of BrightView by 12.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,063,472 shares of the company's stock valued at $64,976,000 after acquiring an additional 454,756 shares in the last quarter. Finally, Penn Capital Management Company LLC increased its stake in shares of BrightView by 49.3% during the fourth quarter. Penn Capital Management Company LLC now owns 848,584 shares of the company's stock worth $13,569,000 after acquiring an additional 280,393 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

BrightView Price Performance

Shares of NYSE:BV traded up $0.26 on Monday, reaching $16.66. 863,383 shares of the company were exchanged, compared to its average volume of 585,533. The company has a 50-day moving average of $15.53 and a 200-day moving average of $14.77. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.63. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -832.58 and a beta of 1.26. BrightView Holdings, Inc. has a 1-year low of $11.81 and a 1-year high of $18.89.

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

Insider Buying and Selling at BrightView

In related news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $14.40, for a total value of $167,040,000.00. Following the sale, the insider directly owned 21,533,123 shares in the company, valued at $310,076,971.20. The trade was a 35.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of BrightView from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, BrightView presently has an average rating of "Moderate Buy" and a consensus price target of $17.41.

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.