BrightView Holdings, Inc. $BV Shares Sold by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC has reduced its holdings in BrightView Holdings, Inc. by 3.5%, now owning approximately 1.1 million shares valued at $14 million.
• BrightView's stock experienced a slight decline of 0.1%, with a current trading price of $14.28 and a market capitalization of $1.35 billion.
• In its latest earnings report, BrightView reported earnings per share (EPS) of $0.30, missing analyst expectations, and a revenue decline of 4.1% compared to the previous year.

Bridgeway Capital Management LLC decreased its position in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 3.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,092,921 shares of the company's stock after selling 39,764 shares during the quarter. Bridgeway Capital Management LLC owned approximately 1.15% of BrightView worth $14,033,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Cooke & Bieler LP grew its position in shares of BrightView by 38.2% during the first quarter. Cooke & Bieler LP now owns 2,515,610 shares of the company's stock worth $32,300,000 after purchasing an additional 695,315 shares in the last quarter. Interval Partners LP bought a new position in BrightView in the 4th quarter worth approximately $10,728,000. Millennium Management LLC grew its holdings in BrightView by 96.5% during the 4th quarter. Millennium Management LLC now owns 944,584 shares of the company's stock valued at $15,104,000 after buying an additional 463,983 shares in the last quarter. Boston Partners raised its position in shares of BrightView by 74.2% during the first quarter. Boston Partners now owns 1,009,148 shares of the company's stock valued at $12,959,000 after buying an additional 429,989 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of BrightView in the first quarter worth $4,500,000. Institutional investors own 92.41% of the company's stock.

Wall Street Analyst Weigh In

BV has been the subject of a number of recent research reports. Loop Capital dropped their target price on BrightView from $21.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, July 3rd. Robert W. Baird cut their price target on shares of BrightView from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Wednesday, July 2nd. Finally, Wall Street Zen lowered BrightView from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Four 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.98.

Insider Transactions at BrightView

In other BrightView 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 owned 38,446 shares in the company, valued at $568,231.88. The trade was a 64.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.20% of the company's stock.

BrightView Stock Performance

Shares of BV stock traded down $0.77 during trading hours on Tuesday, hitting $13.55. The stock had a trading volume of 744,104 shares, compared to its average volume of 747,815. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market capitalization of $1.29 billion, a PE ratio of 451.33 and a beta of 1.29. BrightView Holdings, Inc. has a twelve month low of $11.81 and a twelve month high of $18.89. The stock's 50 day moving average is $15.29 and its 200 day moving average is $14.69.

BrightView (NYSE:BV - Get Free Report) last released its quarterly earnings results 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 return on equity of 8.76% and a net margin of 2.00%.The company had revenue of $708.30 million for the quarter, compared to analysts' expectations of $763.43 million. During the same quarter last year, the company earned $0.32 EPS. BrightView's revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, research analysts forecast that BrightView Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

About BrightView

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.