BrightView Holdings, Inc. $BV Stock Holdings Increased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its position in BrightView Holdings, Inc. (NYSE:BV) by 53.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,763 shares of the company’s stock after buying an additional 15,280 shares during the period. Y Intercept Hong Kong Ltd’s holdings in BrightView were worth $729,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BV. Bessemer Group Inc. increased its holdings in BrightView by 52.4% in the second quarter. Bessemer Group Inc. now owns 2,424,001 shares of the company’s stock worth $40,362,000 after buying an additional 833,469 shares during the last quarter. Cooke & Bieler LP increased its holdings in BrightView by 38.2% in the first quarter. Cooke & Bieler LP now owns 2,515,610 shares of the company’s stock worth $32,300,000 after buying an additional 695,315 shares during the last quarter. Newtyn Management LLC increased its holdings in BrightView by 30.5% in the first quarter. Newtyn Management LLC now owns 2,300,000 shares of the company’s stock worth $29,532,000 after buying an additional 538,111 shares during the last quarter. Millennium Management LLC increased its holdings in BrightView by 54.2% in the first quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock worth $18,704,000 after buying an additional 512,098 shares during the last quarter. Finally, Boston Partners increased its holdings in BrightView by 74.2% in the first quarter. Boston Partners now owns 1,009,148 shares of the company’s stock worth $12,959,000 after buying an additional 429,989 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen downgraded BrightView from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research downgraded BrightView from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of BrightView in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, BrightView has a consensus rating of “Hold” and a consensus price target of $17.98.

Insider Buying and Selling

In related news, EVP Amanda Marie Orders sold 70,000 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $14.78, for a total value of $1,034,600.00. Following the completion of the transaction, the executive vice president directly owned 38,446 shares of the company’s stock, valued at $568,231.88. This trade represents a 64.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by company insiders.

BrightView Trading Up 0.6%

Shares of BrightView stock opened at $12.27 on Thursday. The company’s fifty day simple moving average is $13.38 and its 200-day simple moving average is $14.74. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 409.00 and a beta of 1.29. The company has a current ratio of 1.31, a quick 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.

BrightView (NYSE:BV) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $708.30 million during the quarter, compared to analyst estimates of $763.43 million. BrightView had a return on equity of 8.76% and a net margin of 2.00%.The company’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 EPS. As a group, sell-side analysts expect that BrightView Holdings, Inc. will post 0.73 EPS for the current year.

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.