Van Berkom & Associates Inc. Increases Stock Holdings in BrightView Holdings, Inc. $BV

Key Points

• Van Berkom & Associates increased its stake in BrightView by 6.6% in Q4 to 4,858,860 shares, representing a 5.14% ownership position valued at about $61.56 million.
• Analyst coverage is mixed with a MarketBeat consensus of "Hold" and an average price target of $14.68, while individual firms' ratings range from "sell" to "strong buy".
• BrightView missed EPS for the quarter (−$0.01 vs. $0.01 expected) but beat revenue at $614.7M; shares trade near $11.63 with a market cap of roughly $1.1B.

Van Berkom & Associates Inc. increased its holdings in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,858,860 shares of the company's stock after purchasing an additional 300,982 shares during the period. Van Berkom & Associates Inc. owned 5.14% of BrightView worth $61,562,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Strs Ohio grew its position in shares of BrightView by 16.6% in the fourth quarter. Strs Ohio now owns 42,800 shares of the company's stock valued at $542,000 after purchasing an additional 6,100 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of BrightView by 139.5% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,951 shares of the company's stock valued at $658,000 after purchasing an additional 30,259 shares during the period. Bfsg LLC purchased a new stake in BrightView during the fourth quarter valued at about $49,000. XTX Topco Ltd purchased a new stake in BrightView during the third quarter valued at about $679,000. Finally, Alyeska Investment Group L.P. grew its position in BrightView by 5.9% during the third quarter. Alyeska Investment Group L.P. now owns 450,000 shares of the company's stock valued at $6,030,000 after acquiring an additional 25,000 shares during the period. Hedge funds and other institutional investors own 92.41% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BV shares. The Goldman Sachs Group reissued a "sell" rating and set a $11.10 price target on shares of BrightView in a research report on Monday, February 9th. Morgan Stanley boosted their price target on BrightView from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. boosted their price target on BrightView from $12.00 to $13.00 and gave the company an "underweight" rating in a research report on Thursday, February 5th. Finally, Weiss Ratings downgraded BrightView from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $14.68.

Insider Activity at BrightView

In related news, Director William L. Cornog acquired 5,000 shares of BrightView stock in a transaction on Friday, February 6th. The shares were bought at an average price of $13.46 per share, for a total transaction of $67,300.00. Following the completion of the purchase, the director directly owned 5,000 shares in the company, valued at $67,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

BrightView Trading Down 1.2%

Shares of BV opened at $11.63 on Tuesday. The stock's 50-day moving average is $12.31 and its two-hundred day moving average is $12.67. The stock has a market cap of $1.10 billion, a PE ratio of -581.25 and a beta of 1.20. BrightView Holdings, Inc. has a 12 month low of $11.06 and a 12 month high of $17.10. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.26 and a quick ratio of 1.26.

BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). The company had revenue of $614.70 million for the quarter, compared to analyst estimates of $589.91 million. BrightView had a return on equity of 7.85% and a net margin of 1.90%.The company's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.04 EPS. Equities analysts forecast that BrightView Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

About BrightView

BrightView Inc NYSE: BV is a leading commercial landscaping services company in the United States, offering a comprehensive suite of outdoor asset management solutions. The company's core business activities include landscape maintenance, development and enhancement services tailored to a wide array of clients such as corporate campuses, healthcare facilities, multi-family residential properties, retail centers and municipalities.

BrightView's service portfolio covers routine grounds maintenance, landscape construction and design-build, irrigation system installation and management, tree care, seasonal color programs and snow and ice management.

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