Newtyn Management LLC Lowers Holdings in BrightView Holdings, Inc. $BV

Newtyn Management LLC trimmed its position in BrightView Holdings, Inc. (NYSE:BV) by 7.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,940,000 shares of the company’s stock after selling 160,000 shares during the period. BrightView accounts for 3.5% of Newtyn Management LLC’s investment portfolio, making the stock its 13th biggest position. Newtyn Management LLC’s holdings in BrightView were worth $27,490,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. increased its stake in BrightView by 5.6% in the first quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company’s stock valued at $22,162,000 after acquiring an additional 99,103 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of BrightView by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company’s stock valued at $62,118,000 after purchasing an additional 192,376 shares during the last quarter. Rice Hall James & Associates LLC bought a new stake in BrightView in the 2nd quarter worth approximately $3,126,000. Van Berkom & Associates Inc. lifted its position in BrightView by 3.7% in the 1st quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company’s stock worth $59,405,000 after buying an additional 179,757 shares during the last quarter. Finally, Algert Global LLC lifted its position in BrightView by 1,141.5% in the 2nd quarter. Algert Global LLC now owns 476,749 shares of the company’s stock worth $6,756,000 after buying an additional 438,349 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on BV. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research note on Friday, July 31st. Wall Street Zen cut shares of BrightView from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Oppenheimer assumed coverage on shares of BrightView in a report on Wednesday, June 17th. They set an “outperform” rating and a $17.00 target price on the stock. JPMorgan Chase & Co. raised shares of BrightView from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $13.00 to $14.00 in a research note on Thursday, May 7th. Finally, BTIG Research restated a “buy” rating and set a $16.00 price target on shares of BrightView in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.10.

BrightView Trading Up 0.5%

BV opened at $11.28 on Monday. The business has a 50 day moving average of $13.07 and a 200-day moving average of $12.73. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.05 billion, a PE ratio of -45.12, a PEG ratio of 1.86 and a beta of 1.18. BrightView Holdings, Inc. has a 52 week low of $10.42 and a 52 week high of $15.00.

BrightView (NYSE:BV) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.12). BrightView had a return on equity of 5.03% and a net margin of 0.74%.The business had revenue of $717.60 million during the quarter, compared to the consensus estimate of $726.13 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts predict that BrightView Holdings, Inc. will post 0.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director William L. Cornog bought 50,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was acquired at an average cost of $11.25 per share, with a total value of $562,500.00. Following the completion of the acquisition, the director owned 70,000 shares of the company’s stock, valued at approximately $787,500. This represents a 250.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.80% of the company’s stock.

About BrightView

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.