BrightView Holdings, Inc. $BV Shares Bought by Interval Partners LP

Key Points

• Interval Partners LP increased its stake in BrightView by 60.5% to 1,641,988 shares (about 1.73% of the company) worth $22.0 million, and institutional/hedge funds collectively own roughly 92.41% of the stock.
• BrightView missed quarterly EPS estimates with ($0.01) EPS
• The stock trades near $11.84 with a market cap of $1.11 billion and a negative P/E (-591.75); analysts have a consensus rating of Hold and a $14.68 average target.

Interval Partners LP increased its holdings in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 60.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,641,988 shares of the company's stock after purchasing an additional 618,875 shares during the quarter. Interval Partners LP owned 1.73% of BrightView worth $22,003,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BV. Dimensional Fund Advisors LP raised its stake in shares of BrightView by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,921,321 shares of the company's stock worth $65,944,000 after buying an additional 114,602 shares during the period. Van Berkom & Associates Inc. acquired a new stake in BrightView in the 3rd quarter valued at $61,076,000. Cooke & Bieler LP increased its holdings in BrightView by 40.9% in the 3rd quarter. Cooke & Bieler LP now owns 3,568,050 shares of the company's stock worth $47,812,000 after acquiring an additional 1,035,820 shares in the last quarter. Harvey Partners LLC increased its holdings in BrightView by 8.8% in the 2nd quarter. Harvey Partners LLC now owns 2,808,000 shares of the company's stock worth $46,753,000 after acquiring an additional 227,500 shares in the last quarter. Finally, Boston Partners raised its position in BrightView by 106.1% during the second quarter. Boston Partners now owns 2,079,487 shares of the company's stock worth $34,622,000 after acquiring an additional 1,070,339 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

BrightView Price Performance

BrightView stock opened at $11.84 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.64. The company has a fifty day simple moving average of $13.25 and a 200-day simple moving average of $13.10. The stock has a market cap of $1.11 billion, a P/E ratio of -591.75 and a beta of 1.26. BrightView Holdings, Inc. has a 12-month low of $11.06 and a 12-month high of $17.10.

BrightView (NYSE:BV - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). BrightView had a net margin of 1.90% and a return on equity of 7.85%. The business had revenue of $614.70 million during the quarter, compared to analysts' expectations of $589.91 million. During the same period last year, the company earned $0.04 EPS. The business's quarterly revenue was up 2.6% compared to the same quarter last year. Equities analysts expect that BrightView Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Insider Activity

In related news, Director William L. Cornog bought 5,000 shares of the company's stock in a transaction that occurred on Friday, February 6th. The shares were purchased at an average cost of $13.46 per share, with a total value of $67,300.00. Following the transaction, the director directly owned 5,000 shares of the company's stock, valued at approximately $67,300. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Morgan Stanley lifted their target price on shares of BrightView from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Monday, March 2nd. Weiss Ratings downgraded shares of BrightView from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, February 4th. CJS Securities upgraded BrightView to a "strong-buy" rating in a report on Thursday, December 11th. Robert W. Baird cut their price objective on BrightView from $19.00 to $15.00 and set an "outperform" rating for the company in a research note on Thursday, November 20th. Finally, The Goldman Sachs Group reissued a "sell" rating and set a $11.10 target price on shares of BrightView in a report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $14.68.

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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