Cooke & Bieler LP Cuts Holdings in BrightView Holdings, Inc. (NYSE:BV)

Cooke & Bieler LP lessened its stake in BrightView Holdings, Inc. (NYSE:BV) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,977,269 shares of the company’s stock after selling 25,830 shares during the period. Cooke & Bieler LP owned approximately 3.15% of BrightView worth $25,069,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. 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 raised 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 during the last quarter. Smith Graham & Co. Investment Advisors LP raised its holdings in BrightView by 10.3% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 804,280 shares of the company’s stock valued at $6,772,000 after buying an additional 75,196 shares during the last quarter. SG Americas Securities LLC raised 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 during the last quarter. Finally, Vanguard Group Inc. grew its position in BrightView by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,016,470 shares of the company’s stock valued at $31,128,000 after purchasing an additional 13,768 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

BrightView Stock Performance

Shares of BV traded up $0.23 on Friday, reaching $11.06. The company’s stock had a trading volume of 504,926 shares, compared to its average volume of 880,730. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $1.04 billion, a P/E ratio of -55.25 and a beta of 1.23. The stock’s 50 day simple moving average is $10.24 and its two-hundred day simple moving average is $8.71. BrightView Holdings, Inc. has a 12-month low of $5.16 and a 12-month high of $12.35.

BrightView (NYSE:BV) last posted its quarterly earnings data on Wednesday, January 31st. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The business had revenue of $626.70 million during the quarter, compared to analysts’ expectations of $651.07 million. BrightView had a positive return on equity of 3.93% and a negative net margin of 0.19%. Research analysts forecast that BrightView Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on BV. Jefferies Financial Group reissued a “hold” rating and set a $9.00 price objective on shares of BrightView in a research report on Monday, March 4th. The Goldman Sachs Group reiterated a “sell” rating and issued a $10.00 price target (up from $8.00) on shares of BrightView in a research note on Thursday, April 4th. Finally, Craig Hallum assumed coverage on shares of BrightView in a research note on Monday, March 4th. They issued a “buy” rating and a $15.00 price target for the company.

About BrightView

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.