Punch & Associates Investment Management Inc. Purchases 21,010 Shares of BrightView Holdings, Inc. $BV

Key Points

• Punch & Associates Investment Management Inc. increased its stake in BrightView Holdings by 2.0%, acquiring 21,010 additional shares to own approximately 1.14% of the company valued at around $13.95 million.
• BrightView's stock recently opened at $14.34, reflecting a market cap of $1.36 billion, while the company reported a quarterly earnings per share (EPS) of $0.30, missing estimates.
• Analysts have adjusted their ratings for BrightView, with Wall Street Zen downgrading it from "buy" to "hold," and new price targets set between $19.00 and $20.00.

Punch & Associates Investment Management Inc. raised its position in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,086,366 shares of the company's stock after purchasing an additional 21,010 shares during the period. Punch & Associates Investment Management Inc. owned approximately 1.14% of BrightView worth $13,949,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of BV. Cooke & Bieler LP increased its stake in BrightView by 38.2% in the first quarter. Cooke & Bieler LP now owns 2,515,610 shares of the company's stock valued at $32,300,000 after purchasing an additional 695,315 shares in the last quarter. Interval Partners LP bought a new stake in shares of BrightView during the fourth quarter worth $10,728,000. Newtyn Management LLC increased its position in shares of BrightView by 30.5% during the first quarter. Newtyn Management LLC now owns 2,300,000 shares of the company's stock worth $29,532,000 after acquiring an additional 538,111 shares in the last quarter. Millennium Management LLC increased its position in shares of 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 acquiring an additional 512,098 shares in the last quarter. Finally, Boston Partners increased its position in shares of BrightView by 74.2% during the first quarter. Boston Partners now owns 1,009,148 shares of the company's stock worth $12,959,000 after acquiring an additional 429,989 shares in the last quarter. Institutional investors own 92.41% of the company's stock.

BrightView Stock Down 0.7%

BrightView stock opened at $14.34 on Friday. The company has a market cap of $1.36 billion, a P/E ratio of 477.83 and a beta of 1.29. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.62. The company has a fifty day simple moving average of $15.33 and a 200 day simple moving average of $14.67. BrightView Holdings, Inc. has a 1-year low of $11.81 and a 1-year 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 8.76%. 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. Research analysts anticipate that BrightView Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of BrightView from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Robert W. Baird lowered their price objective 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, 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. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.98.

Insider Buying and Selling

In other news, EVP Amanda Marie Orders sold 70,000 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $14.78, for a total transaction of $1,034,600.00. Following the completion of the sale, the executive vice president owned 38,446 shares in the company, valued at approximately $568,231.88. This trade represents a 64.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.20% of the stock is currently owned by corporate insiders.

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.

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