Interval Partners LP Increases Stock Position in BrightView Holdings, Inc. $BV

Key Points

• Interval Partners LP increased its stake in BrightView Holdings, acquiring an additional 123,500 shares, bringing its total ownership to approximately 794,441 shares valued at $10.2 million.
• Insider selling occurred when EVP Amanda Marie Orders sold 70,000 shares at $14.78 each, significantly reducing her position by 64.55%.
• BrightView reported earnings of $0.30 per share, missing analyst estimates, with revenues of $708.3 million for the quarter, down 4.1% year-over-year.

Interval Partners LP raised its holdings in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 18.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 794,441 shares of the company's stock after purchasing an additional 123,500 shares during the period. Interval Partners LP owned 0.83% of BrightView worth $10,201,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of BrightView by 75.9% during the first quarter. AQR Capital Management LLC now owns 209,995 shares of the company's stock valued at $2,696,000 after acquiring an additional 90,627 shares in the last quarter. AWH Capital L.P. bought a new stake in shares of BrightView during the first quarter valued at approximately $1,444,000. Royal Bank of Canada increased its position in shares of BrightView by 4.7% during the first quarter. Royal Bank of Canada now owns 699,959 shares of the company's stock valued at $8,988,000 after acquiring an additional 31,291 shares in the last quarter. Expect Equity LLC increased its position in shares of BrightView by 8.9% during the first quarter. Expect Equity LLC now owns 97,153 shares of the company's stock valued at $1,247,000 after acquiring an additional 7,912 shares in the last quarter. Finally, Penn Capital Management Company LLC increased its position in shares of BrightView by 7.7% during the first quarter. Penn Capital Management Company LLC now owns 914,294 shares of the company's stock valued at $11,750,000 after acquiring an additional 65,710 shares in the last quarter. Institutional investors own 92.41% of the company's stock.

Wall Street Analyst Weigh In

BV has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of BrightView from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Loop Capital cut their target price on shares of BrightView from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, July 3rd. Finally, Robert W. Baird dropped their price target on shares of BrightView from $20.00 to $19.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 2nd. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $17.98.

BrightView Price Performance

Shares of BV traded up $0.02 during trading hours on Wednesday, reaching $13.74. 247,758 shares of the stock traded hands, compared to its average volume of 749,765. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.62. BrightView Holdings, Inc. has a 52-week low of $11.81 and a 52-week high of $18.89. The company's 50-day moving average price is $15.22 and its two-hundred day moving average price is $14.68. The company has a market cap of $1.30 billion, a P/E ratio of 458.83 and a beta of 1.29.

BrightView (NYSE:BV - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The firm had revenue of $708.30 million for the quarter, compared to analysts' expectations of $763.43 million. BrightView had a net margin of 2.00% and a return on equity of 8.76%. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 EPS. On average, analysts anticipate that BrightView Holdings, Inc. will post 0.73 earnings per share for the current year.

Insider Buying and Selling at BrightView

In other news, EVP Amanda Marie Orders sold 70,000 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $14.78, for a total value of $1,034,600.00. Following the sale, the executive vice president directly owned 38,446 shares in the company, valued at $568,231.88. The trade was a 64.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.

About BrightView

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.