Bessemer Group Inc. Sells 611,888 Shares of BrightView Holdings, Inc. $BV

Bessemer Group Inc. lessened its holdings in BrightView Holdings, Inc. (NYSE:BV) by 25.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,812,113 shares of the company’s stock after selling 611,888 shares during the quarter. Bessemer Group Inc.’s holdings in BrightView were worth $24,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. IFP Advisors Inc boosted its holdings in shares of BrightView by 54.2% in the 2nd quarter. IFP Advisors Inc now owns 2,385 shares of the company’s stock worth $40,000 after buying an additional 838 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in BrightView by 66.8% in the second quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock valued at $93,000 after purchasing an additional 2,240 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in BrightView by 225.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock valued at $94,000 after purchasing an additional 3,909 shares during the last quarter. CWM LLC raised its stake in shares of BrightView by 86.2% in the second quarter. CWM LLC now owns 6,364 shares of the company’s stock valued at $106,000 after buying an additional 2,946 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in shares of BrightView during the 3rd quarter valued at $85,000. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BV. BTIG Research began coverage on BrightView in a report on Monday, December 1st. They issued a “buy” rating and a $15.00 price objective for the company. The Goldman Sachs Group cut their target price on shares of BrightView from $13.50 to $10.50 and set a “sell” rating for the company in a research report on Thursday, November 20th. JPMorgan Chase & Co. boosted their price target on shares of BrightView from $12.00 to $13.00 and gave the company an “underweight” rating in a research report on Thursday. Weiss Ratings downgraded shares of BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Finally, Morgan Stanley boosted their target price on shares of BrightView from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.42.

Insider Activity

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

BrightView Trading Up 4.8%

Shares of BrightView stock opened at $13.54 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.26 and a quick ratio of 1.30. BrightView Holdings, Inc. has a 1 year low of $11.06 and a 1 year high of $17.10. The firm has a market cap of $1.28 billion, a PE ratio of -677.20 and a beta of 1.28. The company has a 50 day simple moving average of $12.96 and a two-hundred day simple moving average of $13.46.

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