Harvey Partners LLC Has $39.52 Million Stake in BrightView Holdings, Inc. $BV

Key Points

• Harvey Partners LLC increased its stake in BrightView by 5% in Q3 and now owns 2,949,000 shares worth about $39.52 million, representing roughly 3.11% of the company and its 7th largest holding.
• Several other institutions also added large positions — including Van Berkom (~$61.08 million), Cooke & Bieler (3.57M shares, ~$47.81 million) and William Blair (~$25.57 million) — leaving institutional/hedge funds with 92.41% ownership.
• BrightView recently reported a quarterly EPS miss (‑$0.01) but revenue of $614.7M topped estimates; the company has a market cap of about $1.11 billion, a consensus analyst target of $14.68 and mixed ratings from analysts.

Harvey Partners LLC boosted its holdings in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,949,000 shares of the company's stock after acquiring an additional 141,000 shares during the quarter. BrightView accounts for about 3.5% of Harvey Partners LLC's portfolio, making the stock its 7th largest position. Harvey Partners LLC owned 3.11% of BrightView worth $39,517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Van Berkom & Associates Inc. acquired a new position in shares of BrightView during the third quarter worth $61,076,000. William Blair Investment Management LLC bought a new position in BrightView during the 3rd quarter worth $25,565,000. Boston Partners lifted its holdings in BrightView by 106.1% during the 2nd quarter. Boston Partners now owns 2,079,487 shares of the company's stock worth $34,622,000 after buying an additional 1,070,339 shares during the period. Cooke & Bieler LP grew its position in shares of BrightView by 40.9% in the 3rd quarter. Cooke & Bieler LP now owns 3,568,050 shares of the company's stock valued at $47,812,000 after buying an additional 1,035,820 shares during the last quarter. Finally, Interval Partners LP increased its stake in shares of BrightView by 60.5% in the third quarter. Interval Partners LP now owns 1,641,988 shares of the company's stock valued at $22,003,000 after buying an additional 618,875 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director William L. Cornog purchased 5,000 shares of the firm's stock in a transaction on Friday, February 6th. The stock was purchased at an average cost of $13.46 per share, with a total value of $67,300.00. Following the completion of the purchase, the director owned 5,000 shares in the company, valued at approximately $67,300. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.80% of the company's stock.

BrightView Trading Up 1.6%

Shares of BV stock opened at $11.84 on Monday. The company has a market cap of $1.11 billion, a P/E ratio of -591.75 and a beta of 1.25. BrightView Holdings, Inc. has a fifty-two week low of $11.06 and a fifty-two week high of $17.10. The stock has a 50 day simple moving average of $13.25 and a two-hundred day simple moving average of $13.07. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.26 and a current ratio of 1.26.

BrightView (NYSE:BV - Get Free Report) last announced its quarterly earnings data 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 return on equity of 7.85% and a net margin of 1.90%.The company had revenue of $614.70 million for the quarter, compared to analyst estimates of $589.91 million. During the same period last year, the business earned $0.04 EPS. The business's quarterly revenue was up 2.6% compared to the same quarter last year. Research analysts forecast that BrightView Holdings, Inc. will post 0.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BV shares. CJS Securities upgraded BrightView to a "strong-buy" rating in a research report on Thursday, December 11th. Robert W. Baird lowered their price target on shares of BrightView from $19.00 to $15.00 and set an "outperform" rating for the company in a report on Thursday, November 20th. JPMorgan Chase & Co. boosted their price target on shares of BrightView from $12.00 to $13.00 and gave the stock an "underweight" rating in a research report on Thursday, February 5th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $11.10 price objective on shares of BrightView in a research note on Monday, February 9th. Finally, Weiss Ratings downgraded shares of BrightView from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, BrightView has a consensus rating of "Hold" and a consensus target price 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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