Trexquant Investment LP Reduces Holdings in BrightView Holdings, Inc. $BV

Key Points

• Trexquant Investment LP reduced its stake in BrightView Holdings by 21.6%, owning approximately $3.37 million worth of shares after selling 72,207 shares in the first quarter.
• BrightView reported earnings of $0.30 per share for the last quarter, falling short of the analysts' estimate of $0.32, with revenue declining by 4.1% year-over-year.
• Despite recent analyst downgradings, BrightView retains a consensus rating of "Moderate Buy" with an average target price of $17.98.

Trexquant Investment LP trimmed its holdings in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 21.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 262,652 shares of the company's stock after selling 72,207 shares during the period. Trexquant Investment LP owned 0.28% of BrightView worth $3,372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of BrightView by 181.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock valued at $37,000 after buying an additional 1,475 shares during the last quarter. CWM LLC raised its holdings in BrightView by 58.7% during the first quarter. CWM LLC now owns 3,418 shares of the company's stock worth $44,000 after purchasing an additional 1,264 shares in the last quarter. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 7,306 shares in the last quarter. XTX Topco Ltd purchased a new position in BrightView during the first quarter worth about $129,000. Finally, Fox Run Management L.L.C. purchased a new position in BrightView during the first quarter worth about $177,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

BrightView Price Performance

BV traded down $0.10 on Friday, hitting $14.34. 591,297 shares of the company were exchanged, compared to its average volume of 853,075. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.31 and a current ratio of 1.31. The business's fifty day moving average is $15.33 and its 200 day moving average is $14.68. BrightView Holdings, Inc. has a fifty-two week low of $11.81 and a fifty-two week high of $18.89. The firm has a market capitalization of $1.36 billion, a P/E ratio of 477.83 and a beta of 1.29.

BrightView (NYSE:BV - Get Free Report) last issued its earnings results 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). BrightView had a return on equity of 8.76% and a net margin of 2.00%.The company had revenue of $708.30 million for the quarter, compared to analyst estimates of $763.43 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company's quarterly revenue was down 4.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that BrightView Holdings, Inc. will post 0.73 EPS for the current year.

Insiders Place Their Bets

In other BrightView news, EVP Amanda Marie Orders sold 70,000 shares of the company'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 transaction, the executive vice president directly owned 38,446 shares in the company, valued at approximately $568,231.88. This represents a 64.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BV. Wall Street Zen cut shares of BrightView from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Loop Capital cut their price target 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. Finally, Robert W. Baird cut their price target 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. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.98.

About BrightView

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.