BrightView Holdings, Inc. (NYSE:BV) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP lowered its stake in shares of BrightView Holdings, Inc. (NYSE:BV) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,977,269 shares of the company’s stock after selling 25,830 shares during the quarter. Cooke & Bieler LP’s holdings in BrightView were worth $25,069,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. boosted its position in BrightView by 51.2% in the 1st quarter. BlackRock Inc. now owns 5,057,986 shares of the company’s stock worth $28,426,000 after purchasing an additional 1,713,541 shares in the last quarter. Smith Graham & Co. Investment Advisors LP purchased a new position in shares of BrightView during the 3rd quarter valued at approximately $5,650,000. Penn Capital Management Company LLC purchased a new position in shares of BrightView during the 1st quarter valued at approximately $2,534,000. AQR Capital Management LLC lifted its position in shares of BrightView by 126.4% during the 1st quarter. AQR Capital Management LLC now owns 782,246 shares of the company’s stock valued at $4,396,000 after buying an additional 436,742 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of BrightView by 23.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,456,919 shares of the company’s stock valued at $19,829,000 after buying an additional 277,640 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BV. The Goldman Sachs Group reiterated a “sell” rating and set a $10.00 target price (up previously from $8.00) on shares of BrightView in a research report on Thursday, April 4th. Jefferies Financial Group reiterated a “hold” rating and set a $9.00 target price on shares of BrightView in a research report on Monday, March 4th. Finally, Craig Hallum started coverage on BrightView in a report on Monday, March 4th. They issued a “buy” rating and a $15.00 price objective on the stock.

BrightView Price Performance

BV stock traded up $0.23 during midday trading on Friday, reaching $11.06. The stock had a trading volume of 504,926 shares, compared to its average volume of 880,730. The company’s fifty day simple moving average is $10.24 and its 200 day simple moving average is $8.71. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.73. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -55.25 and a beta of 1.23. BrightView Holdings, Inc. has a 52-week low of $5.16 and a 52-week high of $12.35.

BrightView (NYSE:BV) last announced its quarterly earnings data on Wednesday, January 31st. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). BrightView had a negative net margin of 0.19% and a positive return on equity of 3.93%. The firm had revenue of $626.70 million during the quarter, compared to analysts’ expectations of $651.07 million. As a group, sell-side analysts predict that BrightView Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

About BrightView

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.