Peregrine Capital Management LLC Grows Stake in BrightView Holdings, Inc. $BV

Peregrine Capital Management LLC increased its holdings in BrightView Holdings, Inc. (NYSE:BV) by 13.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,856 shares of the company’s stock after purchasing an additional 40,225 shares during the period. Peregrine Capital Management LLC’s holdings in BrightView were worth $4,661,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harvey Partners LLC raised its position in shares of BrightView by 8.8% during the second quarter. Harvey Partners LLC now owns 2,808,000 shares of the company’s stock valued at $46,753,000 after buying an additional 227,500 shares during the last quarter. Cooke & Bieler LP increased its holdings in BrightView by 0.7% in the 2nd quarter. Cooke & Bieler LP now owns 2,532,230 shares of the company’s stock valued at $42,162,000 after acquiring an additional 16,620 shares during the last quarter. Bessemer Group Inc. increased its holdings in BrightView by 52.4% in the 2nd quarter. Bessemer Group Inc. now owns 2,424,001 shares of the company’s stock valued at $40,362,000 after acquiring an additional 833,469 shares during the last quarter. Boston Partners lifted its stake in BrightView by 106.1% in the 2nd quarter. Boston Partners now owns 2,079,487 shares of the company’s stock worth $34,622,000 after purchasing an additional 1,070,339 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of BrightView by 11.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,306 shares of the company’s stock valued at $21,293,000 after purchasing an additional 167,966 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director William L. Cornog acquired 10,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were acquired at an average price of $12.84 per share, for a total transaction of $128,400.00. Following the completion of the transaction, the director directly owned 30,000 shares of the company’s stock, valued at approximately $385,200. The trade was a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan Mark Gottsegen sold 35,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $12.62, for a total transaction of $441,700.00. Following the completion of the sale, the executive vice president owned 142,958 shares of the company’s stock, valued at $1,804,129.96. This trade represents a 19.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.20% of the company’s stock.

BrightView Trading Up 1.1%

Shares of BV stock opened at $13.16 on Friday. The company has a market cap of $1.25 billion, a PE ratio of 328.88 and a beta of 1.28. BrightView Holdings, Inc. has a 1 year low of $11.06 and a 1 year high of $17.10. The stock’s 50 day simple moving average is $12.54 and its two-hundred day simple moving average is $13.80. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.29 and a quick ratio of 1.30.

BrightView (NYSE:BV) last released its earnings results on Wednesday, November 19th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). BrightView had a net margin of 2.10% and a return on equity of 8.43%. The company had revenue of $702.80 million for the quarter, compared to the consensus estimate of $718.03 million. During the same period in the prior year, the firm posted $0.30 EPS. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. Research analysts predict that BrightView Holdings, Inc. will post 0.73 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BV. Robert W. Baird reduced their target price on BrightView from $19.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. CJS Securities upgraded BrightView to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BrightView in a research note on Wednesday, October 8th. Morgan Stanley increased their target price on BrightView from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Finally, BTIG Research assumed coverage on shares of BrightView in a report on Monday, December 1st. They issued a “buy” rating and a $15.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.70.

BrightView Company Profile

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.