Y Intercept Hong Kong Ltd Purchases Shares of 28,483 BrightView Holdings, Inc. (NYSE:BV)

Key Points

• Y Intercept Hong Kong Ltd made a new investment of $366,000 in BrightView Holdings, acquiring 28,483 shares during the first quarter.
• Institutional investors own approximately 92.41% of BrightView's stock, indicating significant interest and confidence in the company from larger financial entities.
• BrightView achieved $0.14 earnings per share in its latest quarterly earnings, surpassing analysts' expectations of $0.12, although its revenue declined by 1.5% compared to the previous year.

Y Intercept Hong Kong Ltd acquired a new position in shares of BrightView Holdings, Inc. (NYSE:BV - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 28,483 shares of the company's stock, valued at approximately $366,000.

A number of other institutional investors have also recently bought and sold shares of BV. Sterling Capital Management LLC lifted its holdings in shares of 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 last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of 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 last quarter. CWM LLC lifted its holdings in shares of 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 last quarter. NewEdge Advisors LLC acquired a new stake in shares of BrightView during the 4th quarter valued at about $56,000. Finally, GAMMA Investing LLC lifted its holdings in shares of 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 last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

BrightView Stock Performance

BV traded down $0.45 on Friday, hitting $15.51. The company had a trading volume of 633,071 shares, compared to its average volume of 760,057. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.42 and a quick ratio of 1.42. The company's fifty day moving average price is $15.87 and its 200 day moving average price is $14.77. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -774.86 and a beta of 1.26. BrightView Holdings, Inc. has a 1-year low of $11.81 and a 1-year high of $18.89.

BrightView (NYSE:BV - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $662.60 million for the quarter, compared to the consensus estimate of $643.29 million. BrightView had a return on equity of 8.29% and a net margin of 1.65%. The company's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS. Equities analysts predict that BrightView Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BV shares. Wall Street Zen upgraded BrightView from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Robert W. Baird reduced their price target on BrightView from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, July 2nd. Finally, Loop Capital reduced their target price on BrightView from $21.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, July 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, BrightView has an average rating of "Hold" and an average target price of $17.27.

Insider Activity

In related 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 value of $167,040,000.00. Following the completion of the transaction, the insider directly owned 21,533,123 shares in the company, valued at approximately $310,076,971.20. This represents a 35.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.20% of the company's stock.

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.