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

Pillsbury Lake Capital LLC acquired a new position in shares of BrightView Holdings, Inc. (NYSE:BV) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 portfolio, making the stock its 28th biggest holding. Pillsbury Lake Capital LLC owned 0.54% of BrightView as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BV. Bessemer Group Inc. increased its holdings in BrightView by 5.6% during the 1st quarter. Bessemer Group Inc. now owns 1,879,712 shares of the company’s stock valued at $22,162,000 after purchasing an additional 99,103 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of BrightView by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 5,268,756 shares of the company’s stock valued at $62,118,000 after buying an additional 192,376 shares during the last quarter. Rice Hall James & Associates LLC acquired a new position in BrightView during the 2nd quarter worth about $3,126,000. Van Berkom & Associates Inc. lifted its position in BrightView by 3.7% during the 1st quarter. Van Berkom & Associates Inc. now owns 5,038,617 shares of the company’s stock worth $59,405,000 after buying an additional 179,757 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in BrightView during the 2nd quarter worth about $5,976,000. 92.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director William L. Cornog bought 50,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were purchased at an average price of $11.25 per share, with a total value of $562,500.00. Following the completion of the purchase, the director owned 70,000 shares of the company’s stock, valued at $787,500. This represents a 250.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BV. Wall Street Zen cut shares of BrightView from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. raised shares of BrightView from an “underweight” rating to a “neutral” rating and increased their price target for the company from $13.00 to $14.00 in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightView in a research note on Friday, July 31st. Zacks Research cut shares of BrightView from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Finally, Oppenheimer started coverage on BrightView in a report on Wednesday, June 17th. They set an “outperform” rating and a $17.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.10.

BrightView Price Performance

BV opened at $11.06 on Thursday. The company has a fifty day moving average price of $13.14 and a two-hundred day moving average price 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. The firm has a market capitalization of $1.03 billion, a PE ratio of -44.24, a P/E/G ratio of 1.85 and a beta of 1.18. BrightView Holdings, Inc. has a 52 week low of $10.42 and a 52 week high of $15.00.

BrightView (NYSE:BV) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.12). BrightView had a return on equity of 5.03% and a net margin of 0.74%.The company had revenue of $717.60 million during the quarter, compared to the consensus estimate of $726.13 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, analysts anticipate that BrightView Holdings, Inc. will post 0.4 earnings per share for the current year.

About BrightView

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.