Russell Investments Group Ltd. Has $5.48 Million Stock Holdings in BrightView Holdings, Inc. $BV

Key Points

• Russell Investments Group Ltd. increased its stake in BrightView Holdings by 8.2%, owning approximately 0.45% of the company valued at $5.48 million.
• A major shareholder, KKR Group Partnership L.P., sold 11.6 million shares, representing a 35.01% decrease in their position, for a total of $167 million.
• BrightView's stock received a consensus rating of "Moderate Buy" from analysts, with a current price target of $17.98, down from previous estimates.

Russell Investments Group Ltd. increased its stake in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 8.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 426,487 shares of the company's stock after acquiring an additional 32,427 shares during the period. Russell Investments Group Ltd. owned about 0.45% of BrightView worth $5,476,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC raised its holdings in shares of BrightView by 832.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,864 shares of the company's stock worth $30,000 after acquiring an additional 1,664 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of BrightView by 181.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock worth $37,000 after acquiring an additional 1,475 shares during the period. CWM LLC raised its holdings in shares of BrightView by 58.7% during the first quarter. CWM LLC now owns 3,418 shares of the company's stock worth $44,000 after acquiring an additional 1,264 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of BrightView during the fourth quarter worth $56,000. Finally, GAMMA Investing LLC raised its holdings 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 during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BV shares. Wall Street Zen lowered shares of BrightView from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Robert W. Baird dropped their price objective on shares of BrightView from $20.00 to $19.00 and set an "outperform" rating on the stock in a report on Wednesday, July 2nd. Finally, Loop Capital dropped their price objective on shares of BrightView from $21.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday, July 3rd. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.98.

Insider Buying and Selling at BrightView

In other news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $14.40, for a total transaction of $167,040,000.00. Following the transaction, the insider directly owned 21,533,123 shares in the company, valued at $310,076,971.20. The trade was a 35.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by corporate insiders.

BrightView Stock Up 0.9%

Shares of BV stock opened at $14.6480 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.62. BrightView Holdings, Inc. has a 1 year low of $11.81 and a 1 year high of $18.89. The firm's fifty day moving average price is $15.61 and its two-hundred day moving average price is $14.70. The firm has a market capitalization of $1.39 billion, a P/E ratio of 488.27 and a beta of 1.26.

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. On average, equities analysts predict that BrightView Holdings, Inc. will post 0.73 EPS for the current fiscal year.

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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