Bessemer Group Inc. Has $24.28 Million Position in BrightView Holdings, Inc. $BV

Bessemer Group Inc. cut its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 25.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,812,113 shares of the company’s stock after selling 611,888 shares during the period. Bessemer Group Inc. owned about 1.91% of BrightView worth $24,281,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BV. IFP Advisors Inc raised its stake in shares of BrightView by 54.2% during the second quarter. IFP Advisors Inc now owns 2,385 shares of the company’s stock valued at $40,000 after acquiring an additional 838 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in BrightView in the third quarter valued at $85,000. BNP Paribas Financial Markets raised its position in BrightView by 66.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,591 shares of the company’s stock worth $93,000 after purchasing an additional 2,240 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in BrightView by 225.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the company’s stock worth $94,000 after buying an additional 3,909 shares during the period. Finally, CWM LLC grew its position in shares of BrightView by 86.2% in the 2nd quarter. CWM LLC now owns 6,364 shares of the company’s stock valued at $106,000 after buying an additional 2,946 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BV has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their price objective on BrightView from $13.50 to $10.50 and set a “sell” rating for the company in a research report on Thursday, November 20th. Weiss Ratings downgraded shares of BrightView from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Morgan Stanley upped their price objective on shares of BrightView from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. BTIG Research began coverage on shares of BrightView in a research note on Monday, December 1st. They set a “buy” rating and a $15.00 target price for the company. Finally, CJS Securities upgraded shares of BrightView to a “strong-buy” rating in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, BrightView presently has a consensus rating of “Hold” and an average price target of $14.42.

BrightView Stock Up 4.8%

BrightView stock opened at $13.54 on Friday. The company has a market capitalization of $1.28 billion, a PE ratio of -677.20 and a beta of 1.28. BrightView Holdings, Inc. has a 12-month low of $11.06 and a 12-month high of $17.10. The firm’s fifty day moving average is $12.96 and its 200 day moving average is $13.46. The company has a quick ratio of 1.30, a current ratio of 1.26 and a debt-to-equity ratio of 0.64.

BrightView (NYSE:BV) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $614.70 million during the quarter, compared to the consensus estimate of $589.91 million. BrightView had a net margin of 1.90% and a return on equity of 7.85%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the firm posted $0.04 earnings per share. As a group, sell-side analysts predict that BrightView Holdings, Inc. will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Jonathan Mark Gottsegen sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $12.62, for a total transaction of $441,700.00. Following the transaction, the executive vice president directly owned 142,958 shares of the company’s stock, valued at approximately $1,804,129.96. This represents a 19.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William L. Cornog bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average price of $12.84 per share, for a total transaction of $128,400.00. Following the completion of the acquisition, the director owned 30,000 shares in the company, valued at $385,200. This represents a 50.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.80% of the stock is currently owned by corporate insiders.

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.