Mackenzie Financial Corp Raises Stake in BrightView Holdings, Inc. (NYSE:BV)

Mackenzie Financial Corp increased its position in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 74.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,084 shares of the company's stock after purchasing an additional 24,282 shares during the quarter. Mackenzie Financial Corp owned approximately 0.06% of BrightView worth $913,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of BrightView by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 5,830,873 shares of the company's stock worth $93,236,000 after buying an additional 59,857 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of BrightView by 12.6% in the 4th 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 period. Bessemer Group Inc. lifted its position in shares of BrightView by 25.9% in the 4th 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 period. Bridgeway Capital Management LLC increased its stake in shares of BrightView by 2.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,132,685 shares of the company's stock worth $18,112,000 after acquiring an additional 24,328 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its stake in BrightView by 7.4% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 953,746 shares of the company's stock valued at $15,250,000 after purchasing an additional 65,632 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

BrightView Stock Up 4.3%

NYSE:BV traded up $0.68 on Thursday, reaching $16.40. 3,024,606 shares of the stock traded hands, compared to its average volume of 583,813. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 91.12 and a beta of 1.26. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.63. BrightView Holdings, Inc. has a 12 month low of $11.81 and a 12 month high of $18.89. The company's fifty day simple moving average is $14.51 and its 200 day simple moving average is $14.92.

BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. BrightView had a net margin of 2.64% and a return on equity of 7.86%. The business 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 firm earned $0.11 earnings per share. The company's revenue for the quarter was down 1.5% on a year-over-year basis. Equities analysts predict that BrightView Holdings, Inc. will post 0.73 EPS for the current fiscal year.

BrightView 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.