Newtyn Management LLC Has $27.49 Million Stake in BrightView Holdings, Inc. $BV

Newtyn Management LLC reduced its position in BrightView Holdings, Inc. (NYSE:BV) by 7.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,940,000 shares of the company’s stock after selling 160,000 shares during the period. BrightView makes up 3.5% of Newtyn Management LLC’s investment portfolio, making the stock its 13th largest holding. Newtyn Management LLC owned about 2.08% of BrightView worth $27,490,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Empowered Funds LLC bought a new stake in BrightView during the 2nd quarter valued at $6,189,000. AWH Capital L.P. acquired a new position in shares of BrightView during the second quarter valued at about $6,022,250. Public Employees Retirement System of Ohio acquired a new position in shares of BrightView during the second quarter valued at about $41,000. Punch & Associates Investment Management Inc. bought a new stake in shares of BrightView during the second quarter worth about $16,778,000. Finally, Pillsbury Lake Capital LLC bought a new stake in shares of BrightView during the second quarter worth about $7,126,901. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Stock Up 0.5%

BrightView stock opened at $11.28 on Monday. The firm has a 50 day moving average price of $13.07 and a 200-day moving average price of $12.73. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.71. BrightView Holdings, Inc. has a twelve month low of $10.42 and a twelve month high of $15.00. The company has a market capitalization of $1.05 billion, a P/E ratio of -45.12, a P/E/G ratio of 1.86 and a beta of 1.18.

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). BrightView had a return on equity of 5.03% and a net margin of 0.74%.The company had revenue of $717.60 million during the quarter, compared to the consensus estimate of $726.13 million. During the same period last year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities analysts predict that BrightView Holdings, Inc. will post 0.4 EPS for the current year.

Analyst Ratings Changes

BV has been the topic of several recent research reports. Robert W. Baird set a $14.00 price target on shares of BrightView in a research report on Wednesday, August 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a report on Friday, July 31st. 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. JPMorgan Chase & Co. upgraded BrightView from an “underweight” rating to a “neutral” rating and raised their target price for the company from $13.00 to $14.00 in a report on Thursday, May 7th. Finally, Oppenheimer began coverage on BrightView in a research report on Wednesday, June 17th. They set an “outperform” rating and a $17.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.10.

Insider Activity at BrightView

In other news, Director William L. Cornog purchased 50,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was bought at an average price of $11.25 per share, for a total transaction of $562,500.00. Following the purchase, the director owned 70,000 shares of the company’s stock, valued at $787,500. The trade was a 250.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.80% of the stock is owned by corporate insiders.

BrightView 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.