Bessemer Group Inc. Purchases 99,103 Shares of BrightView Holdings, Inc. $BV

Bessemer Group Inc. increased its position in shares of BrightView Holdings, Inc. (NYSE:BV) by 5.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,879,712 shares of the company’s stock after buying an additional 99,103 shares during the period. Bessemer Group Inc.’s holdings in BrightView were worth $22,162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Private Management Group Inc. bought a new position in BrightView during the 4th quarter worth about $7,468,000. Two Sigma Investments LP raised its holdings in shares of BrightView by 1,964.7% in the 3rd quarter. Two Sigma Investments LP now owns 568,466 shares of the company’s stock valued at $7,617,000 after purchasing an additional 540,933 shares in the last quarter. Millennium Management LLC lifted its position in shares of BrightView by 54.2% in 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. Pillsbury Lake Capital LLC purchased a new stake in shares of BrightView in the 4th quarter worth approximately $6,208,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of BrightView by 106.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 872,968 shares of the company’s stock valued at $11,061,000 after purchasing an additional 450,831 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BV has been the topic of several research reports. BTIG Research reissued a “buy” rating and set a $16.00 price objective on shares of BrightView in a report on Monday, May 11th. Zacks Research cut BrightView from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. upgraded BrightView from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $13.00 to $14.00 in a report on Thursday, May 7th. Oppenheimer started coverage on BrightView in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $17.00 price target for the company. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of BrightView in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.52.

BrightView Trading Down 2.2%

Shares of NYSE:BV opened at $14.52 on Friday. The business’s 50-day moving average is $13.26 and its 200 day moving average is $12.91. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.23 and a quick ratio of 1.23. BrightView Holdings, Inc. has a 1 year low of $11.06 and a 1 year high of $16.52. The firm has a market capitalization of $1.35 billion, a P/E ratio of -207.44 and a beta of 1.17.

BrightView (NYSE:BV) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. BrightView had a return on equity of 7.25% and a net margin of 1.70%.The business had revenue of $702.90 million during the quarter, compared to the consensus estimate of $638.80 million. During the same quarter last year, the company earned $0.14 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, research analysts predict that BrightView Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

BrightView 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.