BrightView Holdings, Inc. $BV Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC cut its holdings in BrightView Holdings, Inc. (NYSE:BV – Free Report) by 66.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,219 shares of the company’s stock after selling 115,000 shares during the quarter. Redmond Asset Management LLC’s holdings in BrightView were worth $582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BV. Inspire Investing LLC increased its holdings in shares of BrightView by 31.8% in the 3rd quarter. Inspire Investing LLC now owns 63,317 shares of the company’s stock worth $633,000 after buying an additional 15,262 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of BrightView in the 2nd quarter valued at about $182,000. Engineers Gate Manager LP lifted its holdings in shares of BrightView by 118.9% in the 2nd quarter. Engineers Gate Manager LP now owns 34,800 shares of the company’s stock valued at $493,000 after acquiring an additional 18,900 shares during the last quarter. Empowered Funds LLC bought a new position in shares of BrightView in the 2nd quarter valued at about $6,189,000. Finally, AWH Capital L.P. purchased a new position in BrightView in the second quarter worth about $6,022,250. 92.41% of the stock is owned by hedge funds and other institutional investors.

BrightView Stock Performance

BV stock opened at $10.84 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.71. The business’s fifty day simple moving average is $10.77 and its two-hundred day simple moving average is $12.34. BrightView Holdings, Inc. has a twelve month low of $9.81 and a twelve month high of $15.00. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -43.38, a PEG ratio of 1.36 and a beta of 1.20.

BrightView (NYSE:BV – Get Free Report) last issued its 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). The company had revenue of $717.60 million for the quarter, compared to analysts’ expectations of $726.13 million. BrightView had a return on equity of 5.03% and a net margin of 0.74%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.30 earnings per share. Analysts predict that BrightView Holdings, Inc. will post 0.40 earnings per share for the current year.

Analyst Ratings Changes

BV has been the topic of a number of recent research reports. Zacks Research upgraded BrightView from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Morgan Stanley dropped their target price on BrightView from $12.50 to $11.50 and set an “equal weight” rating for the company in a report on Tuesday, October 13th. Wall Street Zen raised BrightView from a “sell” rating to a “hold” rating in a research report on Saturday, October 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research report on Friday, July 31st. Finally, Robert W. Baird set a $14.00 price target on BrightView in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.93.

Read Our Latest Research Report on BrightView

Insiders Place Their Bets

In related news, Director William Cornog purchased 50,000 shares of BrightView stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of $11.25 per share, with a total value of $562,500.00. Following the transaction, the director owned 70,000 shares in the company, valued at approximately $787,500. The trade was a 250.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

BrightView Company Profile

(Free Report)

BrightView Holdings, Inc (NYSE: BV) is a provider of commercial landscaping services in the United States. Through its maintenance operations, the company helps businesses, government facilities, sports venues, education campuses, healthcare properties and other organizations manage and maintain outdoor spaces.

BrightView’s services include landscape design and development, ongoing landscape maintenance, tree care, irrigation management, water conservation and snow and ice removal. Its landscape development work can include the installation of plants, turf, hardscapes, irrigation systems and other outdoor features, while its maintenance services are intended to support the appearance, health and functionality of managed properties.

The company was formed in 2014 through the combination of Brickman and ValleyCrest, two established landscaping businesses, and became a publicly traded company in 2018.

See Also

Want to see what other hedge funds are holding BV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BrightView Holdings, Inc. (NYSE:BV – Free Report).

Institutional Ownership by Quarter for BrightView (NYSE:BV)

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