Mackenzie Financial Corp Has $984,000 Stock Holdings in BrightView Holdings, Inc. (NYSE:BV)

Key Points

• Mackenzie Financial Corp increased its position in BrightView Holdings by 34.3%, owning approximately 76,665 shares valued at $984,000.
• Other institutional investors have also increased their stakes, with notable increases including Sterling Capital Management's 832.0% and GAMMA Investing's 933.1% in the first quarter.
• Major shareholder Kkr Group Partnership sold 11,600,000 shares at an average price of $14.40, representing a 35.01% decrease in their position.

Mackenzie Financial Corp boosted its holdings in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 34.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,665 shares of the company's stock after buying an additional 19,581 shares during the period. Mackenzie Financial Corp owned approximately 0.08% of BrightView worth $984,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BV. Sterling Capital Management LLC increased its stake in BrightView by 832.0% in the fourth 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 stake in BrightView by 181.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock valued at $37,000 after purchasing an additional 1,475 shares in the last quarter. CWM LLC increased its stake in BrightView by 58.7% in the first quarter. CWM LLC now owns 3,418 shares of the company's stock valued at $44,000 after purchasing an additional 1,264 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of BrightView during the fourth quarter worth $56,000. Finally, GAMMA Investing LLC increased its position in shares of BrightView by 933.1% during the first quarter. GAMMA Investing LLC now owns 8,089 shares of the company's stock worth $104,000 after acquiring an additional 7,306 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Loop Capital lowered their price objective 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. Robert W. Baird decreased their target price on shares of BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a research report on Wednesday, July 2nd. Finally, Wall Street Zen downgraded shares of BrightView from a "buy" rating to a "hold" rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $17.82.

BrightView Stock Performance

BV stock traded down $0.13 during trading hours on Friday, reaching $15.20. The stock had a trading volume of 1,682,889 shares, compared to its average volume of 829,249. The stock has a market capitalization of $1.44 billion, a PE ratio of 506.67 and a beta of 1.26. 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 stock has a 50-day simple moving average of $15.86 and a 200 day simple moving average of $14.76. BrightView Holdings, Inc. has a fifty-two week low of $11.81 and a fifty-two week high of $18.89.

BrightView (NYSE:BV - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The firm had revenue of $708.30 million during the quarter, compared to analyst estimates of $763.43 million. BrightView had a net margin of 2.00% and a return on equity of 8.78%. The business's revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. Analysts predict that BrightView Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling

In other BrightView news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the 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 sale, the insider owned 21,533,123 shares in the company, valued at $310,076,971.20. This trade represents a 35.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is currently owned by corporate 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.