Versor Investments LP Invests $503,000 in 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 position in BrightView Holdings, Inc. (NYSE:BV - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 39,200 shares of the company's stock, valued at approximately $503,000.

Several other hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC boosted its position 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 purchasing an additional 1,664 shares during the period. Tower Research Capital LLC TRC boosted its position 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 purchasing an additional 1,475 shares during the period. CWM LLC boosted its position 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 purchasing an additional 1,264 shares during the period. NewEdge Advisors LLC acquired a new position in BrightView during the 4th quarter valued at approximately $56,000. Finally, GAMMA Investing LLC boosted its position 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 purchasing an additional 7,306 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Insider Activity at BrightView

In other news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $14.40, for a total value of $167,040,000.00. Following the sale, the insider owned 21,533,123 shares of the company's stock, valued at approximately $310,076,971.20. The trade was a 35.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.20% of the company's stock.

BrightView Stock Performance

BV stock traded down $0.03 during trading on Tuesday, reaching $14.61. 795,436 shares of the company's stock were exchanged, compared to its average volume of 914,700. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.62. BrightView Holdings, Inc. has a 1-year low of $11.81 and a 1-year high of $18.89. The company's fifty day moving average price is $15.56 and its 200-day moving average price is $14.68. The firm has a market cap of $1.39 billion, a PE ratio of 486.83 and a beta of 1.26.

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

Analyst Ratings Changes

BV has been the subject of a number of analyst reports. Wall Street Zen lowered BrightView from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Robert W. Baird reduced their price objective on BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a research report on Wednesday, July 2nd. Finally, Loop Capital reduced their price objective on BrightView from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, July 3rd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, BrightView has an average rating of "Moderate Buy" and an average target price of $17.98.

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.