41,800 Shares in BrightView Holdings, Inc. $BV Purchased by Strs Ohio

Key Points

• Strs Ohio has acquired a new stake of 41,800 shares in BrightView Holdings, Inc., valued at approximately $537,000, during the first quarter of the year.
• Insider trading activity included EVP Amanda Marie Orders selling 70,000 shares, representing a 64.55% decrease in their ownership, for a total of $1,034,600.
• BrightView's stock recently opened at $13.37, with the firm reporting a quarterly EPS of $0.30, missing the consensus estimate, and a decline in revenue compared to the previous year.

Strs Ohio acquired a new stake in BrightView Holdings, Inc. (NYSE:BV - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 41,800 shares of the company's stock, valued at approximately $537,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. HighTower Advisors LLC grew its stake in shares of BrightView by 11.1% in the first quarter. HighTower Advisors LLC now owns 188,127 shares of the company's stock valued at $2,416,000 after acquiring an additional 18,857 shares in the last quarter. Nuveen LLC acquired a new position in shares of BrightView in the first quarter valued at about $4,500,000. Deutsche Bank AG grew its stake in shares of BrightView by 71.1% in the fourth quarter. Deutsche Bank AG now owns 45,086 shares of the company's stock valued at $721,000 after acquiring an additional 18,742 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of BrightView by 3.2% in the first quarter. Principal Financial Group Inc. now owns 51,967 shares of the company's stock valued at $667,000 after acquiring an additional 1,608 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in BrightView by 23.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 142,583 shares of the company's stock worth $2,280,000 after buying an additional 27,148 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BrightView

In other news, EVP Amanda Marie Orders sold 70,000 shares of the stock in a transaction on Monday, August 25th. The stock was 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 of the company's stock, valued at approximately $568,231.88. This represents a 64.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.20% of the company's stock.

BrightView Price Performance

NYSE:BV traded up $0.00 during mid-day trading on Monday, reaching $13.36. The stock had a trading volume of 716,543 shares, compared to its average volume of 938,134. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.31 and a current ratio of 1.31. BrightView Holdings, Inc. has a one year low of $11.81 and a one year high of $18.89. The firm has a 50 day moving average price of $14.93 and a two-hundred day moving average price of $14.73. The stock has a market capitalization of $1.27 billion, a P/E ratio of 20.88 and a beta of 1.29.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BV shares. Loop Capital dropped their target price on shares of BrightView from $21.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, July 3rd. Robert W. Baird reduced 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, Wall Street Zen downgraded shares of BrightView from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Four 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, BrightView currently has a consensus rating of "Moderate Buy" and a consensus target price 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.