BrightView Holdings, Inc. (NYSE:BV) Shares Acquired by Cooke & Bieler LP

Cooke & Bieler LP grew its position in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 38.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,515,610 shares of the company's stock after buying an additional 695,315 shares during the quarter. Cooke & Bieler LP owned 2.63% of BrightView worth $32,300,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of BrightView by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,830,873 shares of the company's stock worth $93,236,000 after purchasing an additional 59,857 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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 worth $64,976,000 after purchasing an additional 454,756 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of BrightView by 25.9% in the fourth quarter. Bessemer Group Inc. now owns 1,908,651 shares of the company's stock worth $30,520,000 after purchasing an additional 393,103 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in shares of BrightView by 2.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 1,132,685 shares of the company's stock worth $18,112,000 after purchasing an additional 24,328 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC raised its stake in shares of BrightView by 7.4% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 953,746 shares of the company's stock worth $15,250,000 after purchasing an additional 65,632 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $14.40, for a total value of $167,040,000.00. Following the sale, the insider owned 21,533,123 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BV has been the subject of several research analyst reports. Wall Street Zen upgraded BrightView from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Loop Capital dropped their target price on BrightView from $21.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday, July 3rd. Finally, Robert W. Baird dropped their price objective on BrightView from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $17.27.

BrightView Trading Down 0.1%

BrightView stock traded down $0.01 during trading on Friday, reaching $15.87. 635,113 shares of the company were exchanged, compared to its average volume of 624,638. BrightView Holdings, Inc. has a 52-week low of $11.81 and a 52-week high of $18.89. The company has a market capitalization of $1.51 billion, a P/E ratio of -793.10 and a beta of 1.27. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.42 and a quick ratio of 1.42. The stock's 50 day simple moving average is $15.94 and its two-hundred day simple moving average is $14.74.

BrightView (NYSE:BV - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $643.29 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. The company's revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities research analysts expect that BrightView Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

BrightView Company 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.