UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stake in BrightView Holdings, Inc. (NYSE:BV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) by 23.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,583 shares of the company's stock after buying an additional 27,148 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of BrightView worth $2,280,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. First Trust Advisors LP purchased a new stake in shares of BrightView in the fourth quarter valued at approximately $3,388,000. Knights of Columbus Asset Advisors LLC purchased a new stake in BrightView in the 4th quarter valued at $1,727,000. Deutsche Bank AG increased its stake in shares of BrightView by 71.1% in the 4th quarter. Deutsche Bank AG now owns 45,086 shares of the company's stock worth $721,000 after acquiring an additional 18,742 shares during the last quarter. Trexquant Investment LP raised its holdings in shares of BrightView by 38.8% during the 4th quarter. Trexquant Investment LP now owns 334,859 shares of the company's stock worth $5,354,000 after acquiring an additional 93,551 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in shares of BrightView by 6.9% during the 4th quarter. MetLife Investment Management LLC now owns 35,505 shares of the company's stock worth $568,000 after acquiring an additional 2,277 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

BrightView Trading Down 3.6%

Shares of NYSE BV traded down $0.61 during mid-day trading on Tuesday, reaching $16.33. 765,520 shares of the company's stock were exchanged, compared to its average volume of 591,402. The company's 50-day moving average is $14.73 and its 200-day moving average is $14.91. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 90.72 and a beta of 1.26. BrightView Holdings, Inc. has a 52-week low of $11.81 and a 52-week high of $18.89.

BrightView (NYSE:BV - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. BrightView had a return on equity of 7.86% and a net margin of 2.64%. The company had revenue of $662.60 million for the quarter, compared to analyst estimates of $643.29 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. Analysts expect that BrightView Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $14.40, for a total transaction of $167,040,000.00. Following the sale, the insider now owns 21,533,123 shares of the company's stock, valued at approximately $310,076,971.20. This represents a 35.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of BrightView from a "buy" rating to a "hold" rating in a report on Friday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.41.

BrightView 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.