Empowered Funds LLC Sells 49,333 Shares of BrightView Holdings, Inc. $BV

Empowered Funds LLC cut its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 9.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 459,088 shares of the company’s stock after selling 49,333 shares during the period. Empowered Funds LLC owned approximately 0.48% of BrightView worth $7,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of BrightView by 13.0% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 18,346 shares of the company’s stock worth $305,000 after purchasing an additional 2,114 shares during the period. Integrated Quantitative Investments LLC bought a new stake in BrightView during the 2nd quarter worth approximately $355,000. Creative Planning increased its stake in BrightView by 3.9% during the 2nd quarter. Creative Planning now owns 22,841 shares of the company’s stock worth $380,000 after purchasing an additional 858 shares in the last quarter. Calamos Advisors LLC acquired a new stake in BrightView during the 2nd quarter worth approximately $608,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in BrightView by 14.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 14,418 shares of the company’s stock valued at $240,000 after buying an additional 1,868 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BV. Zacks Research raised shares of BrightView from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BrightView in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut BrightView from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $19.25.

BrightView Stock Performance

Shares of BV opened at $11.80 on Thursday. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 393.43 and a beta of 1.29. BrightView Holdings, Inc. has a 12 month low of $11.64 and a 12 month high of $18.08. The firm has a fifty day simple moving average of $12.93 and a 200 day simple moving average of $14.62. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.62.

Insider Buying and Selling at BrightView

In related news, EVP Amanda Marie Orders sold 70,000 shares of BrightView stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $14.78, for a total value of $1,034,600.00. Following the sale, the executive vice president owned 38,446 shares of the company’s stock, valued at approximately $568,231.88. The trade was a 64.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by insiders.

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.