BrightView Holdings, Inc. $BV Shares Sold by Telemark Asset Management LLC

Telemark Asset Management LLC lowered its stake in BrightView Holdings, Inc. (NYSE:BV) by 43.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 650,000 shares of the company’s stock after selling 500,000 shares during the quarter. Telemark Asset Management LLC owned about 0.69% of BrightView worth $8,236,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in shares of BrightView by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 4,921,321 shares of the company’s stock valued at $65,944,000 after purchasing an additional 114,602 shares during the period. Van Berkom & Associates Inc. boosted its stake in shares of BrightView by 6.6% in the fourth quarter. Van Berkom & Associates Inc. now owns 4,858,860 shares of the company’s stock valued at $61,562,000 after purchasing an additional 300,982 shares during the period. Cooke & Bieler LP boosted its stake in shares of BrightView by 2.3% in the fourth quarter. Cooke & Bieler LP now owns 3,648,496 shares of the company’s stock valued at $46,226,000 after purchasing an additional 80,446 shares during the period. Harvey Partners LLC boosted its stake in shares of BrightView by 5.0% in the third quarter. Harvey Partners LLC now owns 2,949,000 shares of the company’s stock valued at $39,517,000 after purchasing an additional 141,000 shares during the period. Finally, William Blair Investment Management LLC purchased a new position in shares of BrightView in the third quarter valued at approximately $25,565,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Stock Performance

Shares of BrightView stock opened at $12.33 on Friday. The firm has a market capitalization of $1.15 billion, a P/E ratio of -176.07 and a beta of 1.19. BrightView Holdings, Inc. has a 52 week low of $11.06 and a 52 week high of $17.10. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.66. The firm’s 50 day moving average is $12.25 and its two-hundred day moving average is $12.66.

BrightView (NYSE:BV) last announced its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $702.90 million for the quarter, compared to analyst estimates of $638.80 million. BrightView had a net margin of 1.70% and a return on equity of 7.25%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. Research analysts forecast that BrightView Holdings, Inc. will post 0.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research note on Monday, May 4th. Morgan Stanley raised their price objective on shares of BrightView from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. raised shares of BrightView from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $13.00 to $14.00 in a research note on Thursday, May 7th. BTIG Research reissued a “buy” rating and issued a $16.00 price objective on shares of BrightView in a research note on Monday, May 11th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $11.10 target price on shares of BrightView in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, BrightView currently has an average rating of “Hold” and an average target price of $15.02.

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.