Cooke & Bieler LP Has $42.16 Million Holdings in BrightView Holdings, Inc. $BV

Cooke & Bieler LP raised its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,532,230 shares of the company’s stock after buying an additional 16,620 shares during the quarter. Cooke & Bieler LP’s holdings in BrightView were worth $42,162,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Bessemer Group Inc. increased its position in shares of BrightView by 52.4% during the second quarter. Bessemer Group Inc. now owns 2,424,001 shares of the company’s stock valued at $40,362,000 after purchasing an additional 833,469 shares during the period. Newtyn Management LLC increased its position in shares of BrightView by 30.5% during the first quarter. Newtyn Management LLC now owns 2,300,000 shares of the company’s stock valued at $29,532,000 after purchasing an additional 538,111 shares during the period. Millennium Management LLC increased its position in shares of BrightView by 54.2% during the first quarter. Millennium Management LLC now owns 1,456,682 shares of the company’s stock valued at $18,704,000 after purchasing an additional 512,098 shares during the period. Boston Partners increased its position in shares of BrightView by 74.2% during the first quarter. Boston Partners now owns 1,009,148 shares of the company’s stock valued at $12,959,000 after purchasing an additional 429,989 shares during the period. Finally, Nuveen LLC bought a new stake in shares of BrightView during the first quarter valued at approximately $4,500,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

BrightView Stock Performance

Shares of NYSE:BV opened at $12.33 on Friday. The business’s fifty day moving average price is $13.52 and its two-hundred day moving average price is $14.76. BrightView Holdings, Inc. has a fifty-two week low of $11.81 and a fifty-two week high of $18.89. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 410.87 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.31 and a quick ratio of 1.31.

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

Analyst Ratings Changes

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

Insider Activity at BrightView

In other news, EVP Amanda Marie Orders sold 70,000 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $14.78, for a total transaction of $1,034,600.00. Following the sale, the executive vice president owned 38,446 shares in the company, valued at approximately $568,231.88. This 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 accessible through this link. Insiders own 2.20% of the company’s stock.

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.