Versor Investments LP Buys Shares of 39,200 BrightView Holdings, Inc. $BV

Key Points

• Versor Investments LP acquired 39,200 shares of BrightView Holdings, Inc. valued at approximately $503,000 during the first quarter.
• BrightView's stock rating has been adjusted by analysts, with Wall Street Zen downgrading it from "buy" to "hold" and Loop Capital lowering its price target from $21.00 to $20.00.
• Institutional investors own a significant majority, approximately 92.41%, of BrightView's stock, indicating strong support from large investors.

Versor Investments LP bought a new stake in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 39,200 shares of the company's stock, valued at approximately $503,000.

Other large investors have also recently bought and sold shares of the company. Sterling Capital Management LLC increased its stake in BrightView by 832.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,864 shares of the company's stock valued at $30,000 after buying an additional 1,664 shares during the period. Tower Research Capital LLC TRC increased its stake in BrightView by 181.4% during the 4th 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 period. CWM LLC increased its stake in BrightView by 58.7% during the 1st quarter. CWM LLC now owns 3,418 shares of the company's stock valued at $44,000 after buying an additional 1,264 shares during the period. NewEdge Advisors LLC acquired a new position in BrightView during the 4th quarter valued at about $56,000. Finally, GAMMA Investing LLC increased its stake in BrightView by 933.1% during the 1st quarter. GAMMA Investing LLC now owns 8,089 shares of the company's stock valued at $104,000 after buying an additional 7,306 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on BV shares. Wall Street Zen cut shares of BrightView from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Loop Capital lowered their price objective on shares of BrightView from $21.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, July 3rd. Finally, Robert W. Baird lowered their price objective on shares of BrightView from $20.00 to $19.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 2nd. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, BrightView has an average rating of "Moderate Buy" and an average price target of $17.98.

BrightView Stock Performance

Shares of BV opened at $14.5650 on Thursday. The company has a 50-day moving average of $15.64 and a two-hundred day moving average of $14.71. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 485.50 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.31 and a quick ratio of 1.31. BrightView Holdings, Inc. has a one year low of $11.81 and a one year high of $18.89.

BrightView (NYSE:BV - Get Free Report) last released 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). The firm had revenue of $708.30 million during the quarter, compared to analysts' expectations of $763.43 million. BrightView had a return on equity of 8.76% and a net margin of 2.00%.The business's revenue was down 4.1% on a year-over-year basis. During the same period last year, the business earned $0.32 earnings per share. On average, equities research analysts expect that BrightView Holdings, Inc. will post 0.73 earnings per share for the current year.

Insider Buying and Selling at BrightView

In other news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of BrightView stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $14.40, for a total value of $167,040,000.00. Following the transaction, the insider directly owned 21,533,123 shares of the company's stock, valued at $310,076,971.20. This trade represents a 35.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by company insiders.

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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