BrightView Holdings, Inc. $BV Shares Acquired by Algert Global LLC

Algert Global LLC grew its holdings in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 1,141.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 476,749 shares of the company's stock after acquiring an additional 438,349 shares during the quarter. Algert Global LLC owned about 0.51% of BrightView worth $6,756,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of BrightView in the 2nd quarter valued at $80,091,000. Private Management Group Inc. acquired a new stake in BrightView during the 4th quarter worth $7,468,000. Two Sigma Investments LP lifted its position in BrightView by 1,964.7% in the third quarter. Two Sigma Investments LP now owns 568,466 shares of the company's stock valued at $7,617,000 after acquiring an additional 540,933 shares during the last quarter. Millennium Management LLC boosted its stake in BrightView by 54.2% in the first quarter. Millennium Management LLC now owns 1,456,682 shares of the company's stock valued at $18,704,000 after acquiring an additional 512,098 shares in the last quarter. Finally, Pillsbury Lake Capital LLC acquired a new position in BrightView in the fourth quarter valued at $6,208,000. Hedge funds and other institutional investors own 92.41% of the company's stock.

Insiders Place Their Bets

In other BrightView news, Director William L. Cornog bought 50,000 shares of the business's stock in a transaction dated Thursday, August 6th. The stock was acquired at an average cost of $11.25 per share, with a total value of $562,500.00. Following the purchase, the director owned 70,000 shares in the company, valued at approximately $787,500. This represents a 250.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.80% of the company's stock.

BrightView Stock Performance

NYSE:BV opened at $11.06 on Thursday. 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 firm has a market cap of $1.03 billion, a price-to-earnings ratio of -44.24, a price-to-earnings-growth ratio of 1.85 and a beta of 1.18. The firm's fifty day moving average price is $13.14 and its 200 day moving average price is $12.76. BrightView Holdings, Inc. has a 1-year low of $10.42 and a 1-year high of $15.00.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BV shares. Morgan Stanley dropped their price target on BrightView from $14.00 to $12.50 and set an "equal weight" rating on the stock in a research note on Thursday, August 6th. BTIG Research restated a "buy" rating and set a $16.00 target price on shares of BrightView in a research report on Monday, May 11th. Robert W. Baird set a $14.00 target price on shares of BrightView in a report on Wednesday, August 5th. Oppenheimer initiated coverage on shares of BrightView in a research report on Wednesday, June 17th. They issued an "outperform" rating and a $17.00 price target for the company. Finally, Wall Street Zen cut shares of BrightView from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, BrightView presently has a consensus rating of "Hold" and a consensus price target 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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