Expect Equity LLC Buys New Position in BrightView Holdings, Inc. $BV

Key Points

• Expect Equity LLC acquired 116,484 BrightView shares worth approximately $1.65 million, representing about 0.12% of the company. Institutional investors collectively own 92.41% of BrightView.
• Analyst sentiment remains mixed, with BrightView holding a consensus rating of “Hold” and an average price target of $14.10. Recent actions included an upgrade from JPMorgan and downgrades from several research firms.
• BrightView’s latest quarterly results fell short of expectations: adjusted earnings were $0.17 per share versus the $0.29 consensus, while revenue rose 1.3% year over year to $717.6 million. Director William L. Cornog separately purchased 50,000 shares at $11.25 each.

Expect Equity LLC purchased a new position in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 116,484 shares of the company's stock, valued at approximately $1,651,000. Expect Equity LLC owned approximately 0.12% of BrightView at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. boosted its stake in BrightView by 5.6% in the 1st quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company's stock worth $22,162,000 after buying an additional 99,103 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BrightView by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company's stock valued at $62,118,000 after acquiring an additional 192,376 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in shares of BrightView by 3.7% during the 1st quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company's stock valued at $59,405,000 after acquiring an additional 179,757 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in shares of BrightView during the 2nd quarter worth about $3,126,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of BrightView during the 2nd quarter worth about $5,976,000. Hedge funds and other institutional investors own 92.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BV shares. JPMorgan Chase & Co. upgraded BrightView from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $13.00 to $14.00 in a report on Thursday, May 7th. Robert W. Baird set a $14.00 price objective on BrightView in a report on Wednesday, August 5th. Wall Street Zen lowered BrightView from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Zacks Research cut BrightView from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 14th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of BrightView in a research report on Friday, July 31st. One equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $14.10.

BrightView Stock Up 2.1%

NYSE BV opened at $11.16 on Wednesday. The business has a 50 day moving average price of $13.17 and a two-hundred day moving average price of $12.77. The stock has a market cap of $1.04 billion, a PE ratio of -44.66, a P/E/G ratio of 1.81 and a beta of 1.18. BrightView Holdings, Inc. has a fifty-two week low of $10.42 and a fifty-two week high of $15.00. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.71.

BrightView (NYSE:BV - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.12). BrightView had a net margin of 0.74% and a return on equity of 5.03%. The business had revenue of $717.60 million for the quarter, compared to analyst estimates of $726.13 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The firm's revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts predict that BrightView Holdings, Inc. will post 0.4 EPS for the current fiscal year.

Insider Transactions at BrightView

In other BrightView news, Director William L. Cornog bought 50,000 shares of the business's stock in a transaction on Thursday, August 6th. The shares were bought at an average cost of $11.25 per share, with a total value of $562,500.00. Following the transaction, the director directly owned 70,000 shares in the company, valued at approximately $787,500. This trade represents a 250.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.80% of the stock is owned by corporate insiders.

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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