Newtyn Management LLC Purchases 538,111 Shares of BrightView Holdings, Inc. $BV

Key Points

• Newtyn Management LLC increased its holdings in BrightView Holdings, Inc. by 30.5% to a total of 2.3 million shares, making BrightView the 9th largest position in its portfolio.
• BrightView's recent earnings report showed a missed earnings estimate with EPS at $0.30 compared to expectations of $0.32 and a revenue decline of 4.1% year-over-year.
• As of the latest data, 92.41% of BrightView's stock is held by institutional investors, indicating strong institutional interest in the company.

Newtyn Management LLC lifted its stake in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 30.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,300,000 shares of the company's stock after buying an additional 538,111 shares during the period. BrightView comprises 4.7% of Newtyn Management LLC's portfolio, making the stock its 9th biggest holding. Newtyn Management LLC owned approximately 2.41% of BrightView worth $29,532,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BV. Millennium Management LLC lifted its stake in BrightView by 54.2% during the first quarter. Millennium Management LLC now owns 1,456,682 shares of the company's stock worth $18,704,000 after purchasing an additional 512,098 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in BrightView by 7.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,443 shares of the company's stock worth $455,000 after purchasing an additional 2,349 shares during the period. Interval Partners LP lifted its stake in BrightView by 18.4% during the first quarter. Interval Partners LP now owns 794,441 shares of the company's stock worth $10,201,000 after purchasing an additional 123,500 shares during the period. AQR Capital Management LLC lifted its stake in BrightView by 75.9% during the first quarter. AQR Capital Management LLC now owns 209,995 shares of the company's stock worth $2,696,000 after purchasing an additional 90,627 shares during the period. Finally, AWH Capital L.P. bought a new position in BrightView during the first quarter worth about $1,444,000. Institutional investors own 92.41% of the company's stock.

BrightView Stock Up 0.1%

BV traded up $0.01 during trading on Wednesday, hitting $13.73. The company had a trading volume of 260,479 shares, compared to its average volume of 749,830. The company has a market capitalization of $1.30 billion, a PE ratio of 457.67 and a beta of 1.29. BrightView Holdings, Inc. has a one year low of $11.81 and a one year high of $18.89. The firm's 50-day moving average price is $15.22 and its 200 day moving average price is $14.68. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.62.

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

Insider Transactions at BrightView

In other BrightView news, EVP Amanda Marie Orders sold 70,000 shares of BrightView stock in a transaction on 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 approximately $568,231.88. The trade was a 64.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BV. Robert W. Baird dropped their price objective on shares of BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, July 2nd. Loop Capital reduced their price objective 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. Finally, Wall Street Zen cut shares of BrightView from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $17.98.

BrightView Company 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.