Wellington Management Group LLP Sells 1,486,976 Shares of BrightView Holdings, Inc. (NYSE:BV)

Wellington Management Group LLP lessened its position in BrightView Holdings, Inc. (NYSE:BV) by 49.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,539,320 shares of the company’s stock after selling 1,486,976 shares during the quarter. Wellington Management Group LLP’s holdings in BrightView were worth $12,961,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of BrightView by 59.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,302 shares of the company’s stock worth $61,000 after acquiring an additional 2,726 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in BrightView by 17.1% during the 4th quarter. Mackenzie Financial Corp now owns 28,176 shares of the company’s stock valued at $237,000 after buying an additional 4,124 shares in the last quarter. SG Americas Securities LLC lifted its holdings in BrightView by 24.5% during the 4th quarter. SG Americas Securities LLC now owns 23,463 shares of the company’s stock valued at $198,000 after buying an additional 4,624 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in BrightView by 977.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,584 shares of the company’s stock valued at $98,000 after buying an additional 10,509 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in BrightView during the 4th quarter valued at about $91,000. Institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

BV has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “hold” rating and set a $9.00 price objective on shares of BrightView in a report on Monday, March 4th. Robert W. Baird lifted their price objective on shares of BrightView from $8.50 to $13.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. The Goldman Sachs Group reissued a “sell” rating and set a $10.00 target price (up previously from $8.00) on shares of BrightView in a research report on Thursday, April 4th. Finally, Craig Hallum started coverage on shares of BrightView in a research report on Monday, March 4th. They set a “buy” rating and a $15.00 target price on the stock.

Insider Transactions at BrightView

In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of BrightView stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the transaction, the insider now owns 33,133,123 shares of the company’s stock, valued at approximately $413,501,375.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.40% of the company’s stock.

BrightView Trading Down 2.1 %

NYSE BV opened at $13.40 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 67.00 and a beta of 1.32. The company’s 50-day simple moving average is $13.05 and its two-hundred day simple moving average is $10.64. BrightView Holdings, Inc. has a one year low of $6.58 and a one year high of $14.42.

BrightView (NYSE:BV) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. BrightView had a net margin of 1.80% and a return on equity of 5.78%. The firm had revenue of $672.90 million for the quarter, compared to the consensus estimate of $683.80 million. During the same quarter in the previous year, the firm earned ($0.12) EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities analysts forecast that BrightView Holdings, Inc. will post 0.65 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.