1,184,042 Shares in BrightView Holdings, Inc. $BV Bought by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. acquired a new stake in shares of BrightView Holdings, Inc. (NYSE:BV) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,184,042 shares of the company’s stock, valued at approximately $16,778,000. Punch & Associates Investment Management Inc. owned about 1.27% of BrightView as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Royal Bank of Canada grew its position in BrightView by 4.7% in the first quarter. Royal Bank of Canada now owns 699,959 shares of the company’s stock worth $8,988,000 after acquiring an additional 31,291 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of BrightView by 75.9% in the 1st quarter. AQR Capital Management LLC now owns 209,995 shares of the company’s stock worth $2,696,000 after purchasing an additional 90,627 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of BrightView by 7.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,443 shares of the company’s stock worth $455,000 after purchasing an additional 2,349 shares during the period. Millennium Management LLC increased its position in shares of BrightView by 54.2% during the 1st 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 last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in BrightView by 11.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,306 shares of the company’s stock valued at $21,293,000 after buying an additional 167,966 shares during the period. 92.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of BrightView in a research report on Friday, July 31st. Wall Street Zen lowered shares of BrightView from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Morgan Stanley dropped their price target on shares of BrightView from $14.00 to $12.50 and set an “equal weight” rating for the company in a research note on Thursday, August 6th. BTIG Research reiterated a “buy” rating and set a $16.00 price target on shares of BrightView in a report on Monday, May 11th. Finally, Robert W. Baird set a $14.00 price objective on shares of BrightView in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.10.

Insider Activity at BrightView

In related news, Director William L. Cornog purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was purchased at an average price of $11.25 per share, with a total value of $562,500.00. Following the completion of the purchase, the director owned 70,000 shares of the company’s stock, valued at approximately $787,500. The trade was a 250.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.80% of the company’s stock.

BrightView Stock Down 0.8%

NYSE:BV opened at $11.06 on Thursday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -44.24, a price-to-earnings-growth ratio of 1.85 and a beta of 1.18. BrightView Holdings, Inc. has a twelve month low of $10.42 and a twelve month high of $15.00. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.71. The stock has a fifty day simple moving average of $13.14 and a 200-day simple moving average of $12.76.

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

BrightView Company 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.