Knights of Columbus Asset Advisors LLC Purchases 42,180 Shares of BrightView Holdings, Inc. (NYSE:BV)

Key Points

• Knights of Columbus Asset Advisors LLC purchased an additional 42,180 shares of BrightView Holdings, increasing its ownership by 39.0% in the 1st quarter, bringing its total to 150,211 shares valued at approximately $1,929,000.
• Major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of BrightView for $167,040,000, resulting in a 35.01% reduction in their ownership stake.
• BrightView's stock has a consensus rating of "Moderate Buy," with an average price target of $17.27 set by analysts, following quarterly earnings that exceeded expectations.

Knights of Columbus Asset Advisors LLC boosted its holdings in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 39.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 150,211 shares of the company's stock after buying an additional 42,180 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.16% of BrightView worth $1,929,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Sterling Capital Management LLC increased its holdings in shares of BrightView by 832.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,864 shares of the company's stock valued at $30,000 after purchasing an additional 1,664 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in BrightView by 181.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock worth $37,000 after acquiring an additional 1,475 shares in the last quarter. CWM LLC increased its holdings in BrightView by 58.7% in the 1st quarter. CWM LLC now owns 3,418 shares of the company's stock worth $44,000 after acquiring an additional 1,264 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in BrightView in the 4th quarter worth $56,000. Finally, GAMMA Investing LLC boosted its position in shares of BrightView by 933.1% during the 1st quarter. GAMMA Investing LLC now owns 8,089 shares of the company's stock valued at $104,000 after acquiring an additional 7,306 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BrightView

In related news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $14.40, for a total value of $167,040,000.00. Following the completion of the transaction, the insider directly owned 21,533,123 shares in the company, valued at approximately $310,076,971.20. The trade was a 35.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on BV. Loop Capital dropped their price target on shares of BrightView from $21.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, July 3rd. Robert W. Baird dropped their price target on BrightView from $20.00 to $19.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 2nd. Finally, Wall Street Zen raised BrightView from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.27.

BrightView Price Performance

NYSE:BV traded up $0.03 during trading hours on Monday, reaching $16.30. 506,532 shares of the company were exchanged, compared to its average volume of 716,133. BrightView Holdings, Inc. has a 1-year low of $11.81 and a 1-year high of $18.89. The company has a market capitalization of $1.55 billion, a P/E ratio of -814.59 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 business has a 50 day moving average of $15.89 and a 200 day moving average of $14.74.

BrightView (NYSE:BV - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $662.60 million during the quarter, compared to the consensus estimate of $643.29 million. BrightView had a return on equity of 8.29% and a net margin of 1.65%. The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.11 EPS. Research analysts forecast that BrightView Holdings, Inc. will post 0.73 EPS for the current year.

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.