Peregrine Capital Management LLC Sells 8,659 Shares of BrightView Holdings, Inc. (NYSE:BV)

Peregrine Capital Management LLC reduced its position in shares of BrightView Holdings, Inc. (NYSE:BV – Get Rating) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 798,461 shares of the company’s stock after selling 8,659 shares during the period. Peregrine Capital Management LLC owned approximately 0.86% of BrightView worth $5,501,000 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. BlackRock Inc. grew its position in shares of BrightView by 1.6% during the 1st quarter. BlackRock Inc. now owns 3,389,904 shares of the company’s stock valued at $46,136,000 after purchasing an additional 52,475 shares in the last quarter. Macquarie Group Ltd. grew its position in shares of BrightView by 1.8% during the 3rd quarter. Macquarie Group Ltd. now owns 3,186,202 shares of the company’s stock valued at $25,298,000 after purchasing an additional 56,708 shares in the last quarter. Wellington Management Group LLP grew its position in shares of BrightView by 6.0% during the 1st quarter. Wellington Management Group LLP now owns 3,110,362 shares of the company’s stock valued at $42,332,000 after purchasing an additional 176,923 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of BrightView by 7.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,816,103 shares of the company’s stock valued at $14,420,000 after purchasing an additional 125,422 shares in the last quarter. Finally, State Street Corp grew its position in shares of BrightView by 5.7% during the 2nd quarter. State Street Corp now owns 870,903 shares of the company’s stock valued at $10,451,000 after purchasing an additional 46,748 shares in the last quarter. 94.15% of the stock is currently owned by hedge funds and other institutional investors.

BrightView Stock Up 0.9 %

Shares of NYSE:BV opened at $5.83 on Friday. BrightView Holdings, Inc. has a 52-week low of $5.46 and a 52-week high of $13.97. The firm has a fifty day moving average of $6.95 and a 200 day moving average of $7.61. The firm has a market capitalization of $545.11 million, a PE ratio of 64.78 and a beta of 1.33. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.51 and a current ratio of 1.51.

BrightView (NYSE:BV – Get Rating) last posted its quarterly earnings results on Tuesday, February 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.07. BrightView had a net margin of 0.28% and a return on equity of 6.25%. The business had revenue of $655.90 million during the quarter, compared to analyst estimates of $624.19 million. As a group, research analysts anticipate that BrightView Holdings, Inc. will post 0.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on BV. JPMorgan Chase & Co. reduced their price target on shares of BrightView from $10.00 to $7.00 in a research report on Tuesday, November 22nd. TheStreet lowered shares of BrightView from a “c-” rating to a “d+” rating in a research report on Thursday, December 1st. The Goldman Sachs Group cut their target price on shares of BrightView from $9.10 to $7.90 and set a “neutral” rating for the company in a research report on Wednesday, February 8th. Finally, Jefferies Financial Group lowered shares of BrightView from a “buy” rating to a “hold” rating and cut their target price for the stock from $14.00 to $8.00 in a research report on Monday, November 21st.

BrightView Profile

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BrightView Holdings, Inc is an investment company, which engages in the provision of commercial landscaping services. It operates through the Maintenance Services and Development Services segments. The Maintenance Services segment delivers a full suite of recurring commercial landscaping services ranging from mowing, gardening, mulching and snow removal, to more horticulturally advanced services, such as water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance.