New York State Common Retirement Fund Cuts Position in BrightView Holdings, Inc. $BV

New York State Common Retirement Fund reduced its position in BrightView Holdings, Inc. (NYSE:BV) by 61.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,888 shares of the company’s stock after selling 384,528 shares during the period. New York State Common Retirement Fund’s holdings in BrightView were worth $3,201,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada lifted its position in BrightView by 4.7% during the first quarter. Royal Bank of Canada now owns 699,959 shares of the company’s stock valued at $8,988,000 after buying an additional 31,291 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of BrightView by 75.9% in the 1st quarter. AQR Capital Management LLC now owns 209,995 shares of the company’s stock valued at $2,696,000 after acquiring an additional 90,627 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of BrightView by 7.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,443 shares of the company’s stock valued at $455,000 after acquiring an additional 2,349 shares in the last quarter. Millennium Management LLC boosted its position in BrightView by 54.2% during the 1st quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock worth $18,704,000 after purchasing an additional 512,098 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in BrightView by 11.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,306 shares of the company’s stock worth $21,293,000 after purchasing an additional 167,966 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Price Performance

Shares of NYSE BV opened at $13.54 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.26 and a debt-to-equity ratio of 0.64. BrightView Holdings, Inc. has a fifty-two week low of $11.06 and a fifty-two week high of $17.10. The business has a 50 day moving average price of $12.96 and a two-hundred day moving average price of $13.44. The firm has a market cap of $1.28 billion, a PE ratio of -677.20 and a beta of 1.28.

BrightView (NYSE:BV) last released its earnings results on Tuesday, February 3rd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). BrightView had a net margin of 1.90% and a return on equity of 7.85%. The business had revenue of $614.70 million for the quarter, compared to analysts’ expectations of $589.91 million. During the same quarter last year, the company posted $0.04 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Sell-side analysts expect that BrightView Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at BrightView

In other news, EVP Jonathan Mark Gottsegen sold 35,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $12.62, for a total transaction of $441,700.00. Following the transaction, the executive vice president owned 142,958 shares of the company’s stock, valued at approximately $1,804,129.96. This trade represents a 19.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William L. Cornog purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average price of $12.84 per share, with a total value of $128,400.00. Following the completion of the purchase, the director directly owned 30,000 shares of the company’s stock, valued at approximately $385,200. This represents a 50.00% increase in their position. The SEC filing for this purchase provides additional information. 2.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

BV has been the topic of several research reports. Weiss Ratings lowered BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. BTIG Research initiated coverage on BrightView in a research note on Monday, December 1st. They issued a “buy” rating and a $15.00 target price for the company. Robert W. Baird reduced their price target on BrightView from $19.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Morgan Stanley increased their price objective on shares of BrightView from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Finally, Zacks Research upgraded shares of BrightView from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $14.42.

BrightView Company Profile

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.