Optimize Financial Inc Acquires 4,260 Shares of BrightView Holdings, Inc. $BV

Optimize Financial Inc grew its position in BrightView Holdings, Inc. (NYSE:BV) by 31.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,680 shares of the company’s stock after acquiring an additional 4,260 shares during the period. Optimize Financial Inc’s holdings in BrightView were worth $227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cooke & Bieler LP increased its position in BrightView by 38.2% during the 1st quarter. Cooke & Bieler LP now owns 2,515,610 shares of the company’s stock worth $32,300,000 after purchasing an additional 695,315 shares in the last quarter. Newtyn Management LLC lifted its holdings in shares of BrightView by 30.5% in the first quarter. Newtyn Management LLC now owns 2,300,000 shares of the company’s stock worth $29,532,000 after buying an additional 538,111 shares in the last quarter. Millennium Management LLC raised its stake in BrightView by 54.2% in the first 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 in the last quarter. Boston Partners increased its stake in shares of BrightView by 74.2% in the first quarter. Boston Partners now owns 1,009,148 shares of the company’s stock worth $12,959,000 after buying an additional 429,989 shares during the period. Finally, Nuveen LLC bought a new stake in BrightView in the first quarter valued at $4,500,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

BrightView Price Performance

BV stock opened at $13.72 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.30 billion, a PE ratio of 457.20 and a beta of 1.29. BrightView Holdings, Inc. has a 12-month low of $11.81 and a 12-month high of $18.89. The business’s fifty day moving average price is $15.22 and its 200 day moving average price is $14.68.

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

Insider Activity

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered BrightView from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Robert W. Baird lowered their target price on BrightView from $20.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, July 2nd. Finally, Loop Capital lowered their price target on BrightView from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, July 3rd. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.98.

BrightView 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.