Knights of Columbus Asset Advisors LLC Sells 3,300 Shares of BrightView Holdings, Inc. $BV

Knights of Columbus Asset Advisors LLC trimmed its position in shares of BrightView Holdings, Inc. (NYSE:BV) by 2.2% during the 2nd quarter, Holdings Channel reports. The firm owned 146,911 shares of the company’s stock after selling 3,300 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in BrightView were worth $2,446,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. CWM LLC increased its stake in BrightView by 58.7% in the 1st quarter. CWM LLC now owns 3,418 shares of the company’s stock worth $44,000 after buying an additional 1,264 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of BrightView by 933.1% in the first quarter. GAMMA Investing LLC now owns 8,089 shares of the company’s stock worth $104,000 after acquiring an additional 7,306 shares during the period. XTX Topco Ltd purchased a new stake in shares of BrightView during the first quarter worth about $129,000. Petrus Trust Company LTA bought a new stake in BrightView during the 1st quarter valued at approximately $145,000. Finally, Fox Run Management L.L.C. purchased a new position in BrightView in the 1st quarter worth approximately $177,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on BV. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BrightView in a report on Saturday, September 27th. Wall Street Zen cut shares of BrightView from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Loop Capital decreased their price target on shares of BrightView from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, July 3rd. Finally, Robert W. Baird cut their price objective on BrightView from $20.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, July 2nd. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.98.

Insider Transactions at BrightView

In other news, EVP Amanda Marie Orders sold 70,000 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $14.78, for a total value of $1,034,600.00. Following the completion of the sale, the executive vice president directly owned 38,446 shares of the company’s stock, valued at $568,231.88. This trade represents a 64.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is currently owned by company insiders.

BrightView Price Performance

BrightView stock opened at $13.47 on Tuesday. BrightView Holdings, Inc. has a 52-week low of $11.81 and a 52-week high of $18.89. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 449.00 and a beta of 1.26. The firm’s fifty day moving average is $14.39 and its 200 day moving average is $14.76. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.62.

BrightView (NYSE:BV) last posted its earnings results on Wednesday, August 6th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). BrightView had a return on equity of 8.76% and a net margin of 2.00%.The business had revenue of $708.30 million during the quarter, compared to the consensus estimate of $763.43 million. During the same quarter last year, the firm earned $0.32 earnings per share. The business’s quarterly revenue was down 4.1% on a year-over-year basis. Sell-side analysts forecast that BrightView Holdings, Inc. will post 0.73 EPS for the current fiscal year.

BrightView Company Profile

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.