Pillsbury Lake Capital LLC Takes Position in BrightView Holdings, Inc. $BV

Pillsbury Lake Capital LLC acquired a new stake in BrightView Holdings, Inc. (NYSE:BV – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 502,957 shares of the company’s stock, valued at approximately $7,126,901,000. BrightView makes up approximately 1.9% of Pillsbury Lake Capital LLC’s holdings, making the stock its 28th largest holding.

Several other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. bought a new position in BrightView during the second quarter worth about $80,091,000. Private Management Group Inc. bought a new stake in shares of BrightView in the fourth quarter worth about $7,468,000. Two Sigma Investments LP raised its position in shares of BrightView by 1,964.7% during the third quarter. Two Sigma Investments LP now owns 568,466 shares of the company’s stock worth $7,617,000 after purchasing an additional 540,933 shares during the period. Millennium Management LLC lifted its holdings in shares of BrightView by 54.2% during the 1st 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. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of BrightView by 106.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 872,968 shares of the company’s stock valued at $11,061,000 after purchasing an additional 450,831 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

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BrightView Stock Performance

NYSE BV opened at $11.06 on Thursday. BrightView Holdings, Inc. has a 52-week low of $10.42 and a 52-week high of $15.00. The stock has a market cap of $1.03 billion, a PE ratio of -44.24, a P/E/G ratio of 1.85 and a beta of 1.18. The firm has a 50-day moving average of $13.14 and a 200-day moving average of $12.76. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.28 and a current ratio of 1.28.

BrightView (NYSE:BV – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.12). BrightView had a net margin of 0.74% and a return on equity of 5.03%. The firm had revenue of $717.60 million during the quarter, compared to analyst estimates of $726.13 million. During the same period in the previous year, the company posted $0.30 EPS. BrightView’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, sell-side analysts anticipate that BrightView Holdings, Inc. will post 0.4 EPS for the current year.

Insider Activity at BrightView

In other BrightView news, Director William L. Cornog purchased 50,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of $11.25 per share, for a total transaction of $562,500.00. Following the completion of the transaction, the director owned 70,000 shares in the company, valued at approximately $787,500. This represents a 250.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

BV has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded shares of BrightView from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $13.00 to $14.00 in a report on Thursday, May 7th. Wall Street Zen cut shares of BrightView from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. BTIG Research reissued a “buy” rating and set a $16.00 price objective on shares of BrightView in a research report on Monday, May 11th. Zacks Research lowered shares of BrightView from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Finally, Robert W. Baird set a $14.00 price objective on shares of BrightView in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, BrightView presently has an average rating of “Hold” and a consensus price target of $14.10.

Read Our Latest Stock Analysis on BV

BrightView Company Profile

(Free Report)

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.

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