Peregrine Capital Management LLC Sells 17,377 Shares of BrightView Holdings, Inc. (NYSE:BV)

Peregrine Capital Management LLC trimmed its position in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 5.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 317,941 shares of the company's stock after selling 17,377 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.33% of BrightView worth $4,082,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BV. Interval Partners LP bought a new position in shares of BrightView in the 4th quarter worth $10,728,000. Boston Partners boosted its holdings in BrightView by 514.6% during the fourth quarter. Boston Partners now owns 579,159 shares of the company's stock worth $9,260,000 after buying an additional 484,928 shares during the last quarter. Millennium Management LLC boosted its holdings in BrightView by 96.5% during the fourth quarter. Millennium Management LLC now owns 944,584 shares of the company's stock worth $15,104,000 after buying an additional 463,983 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of BrightView by 12.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,063,472 shares of the company's stock worth $64,976,000 after buying an additional 454,756 shares during the period. Finally, Bessemer Group Inc. increased its stake 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 valued at $30,520,000 after acquiring an additional 393,103 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

BrightView Stock Down 10.0%

Shares of NYSE:BV traded down $1.69 during midday trading on Wednesday, reaching $15.16. 4,189,004 shares of the company were exchanged, compared to its average volume of 601,303. The firm has a market cap of $1.44 billion, a PE ratio of -757.62 and a beta of 1.27. BrightView Holdings, Inc. has a fifty-two week low of $11.81 and a fifty-two week high of $18.89. The stock has a fifty day simple moving average of $15.61 and a two-hundred day simple moving average of $14.79. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.63.

BrightView (NYSE:BV - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $662.60 million during the quarter, compared to analysts' expectations of $643.29 million. BrightView had a return on equity of 8.29% and a net margin of 1.65%. The company's revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. As a group, sell-side analysts forecast that BrightView Holdings, Inc. will post 0.73 earnings per share for the current year.

Insider Activity

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

Wall Street Analysts Forecast Growth

BV has been the topic of several recent analyst reports. Wall Street Zen lowered shares of BrightView from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Robert W. Baird cut their target price on shares of BrightView from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $17.27.

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.