Boston Partners lowered its position in shares of BrightView Holdings, Inc. (NYSE:BV – Get Rating) by 96.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,089 shares of the company’s stock after selling 1,835,295 shares during the quarter. Boston Partners owned 0.07% of BrightView worth $493,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Kestrel Investment Management Corp grew its stake in shares of BrightView by 33.2% during the 2nd quarter. Kestrel Investment Management Corp now owns 133,400 shares of the company’s stock worth $1,601,000 after purchasing an additional 33,275 shares during the period. CastleKnight Management LP grew its stake in shares of BrightView by 1.9% during the 2nd quarter. CastleKnight Management LP now owns 229,131 shares of the company’s stock worth $2,750,000 after purchasing an additional 4,216 shares during the period. Contrarian Capital Management L.L.C. acquired a new position in shares of BrightView during the 2nd quarter worth $604,000. Great West Life Assurance Co. Can acquired a new position in shares of BrightView during the 3rd quarter worth $107,000. Finally, Girard Partners LTD. acquired a new position in shares of BrightView during the 3rd quarter worth $644,000. Hedge funds and other institutional investors own 94.15% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on BV shares. JPMorgan Chase & Co. lowered their price objective on shares of BrightView from $10.00 to $7.00 in a research note on Tuesday, November 22nd. TheStreet cut shares of BrightView from a “c-” rating to a “d+” rating in a research note on Thursday, December 1st. The Goldman Sachs Group lowered their price objective on shares of BrightView from $9.10 to $7.90 and set a “neutral” rating on the stock in a research note on Wednesday, February 8th. Finally, Jefferies Financial Group cut shares of BrightView from a “buy” rating to a “hold” rating and lowered their price objective for the company from $14.00 to $8.00 in a research note on Monday, November 21st.
BrightView Price Performance
BrightView (NYSE:BV – Get Rating) last released its quarterly earnings results on Thursday, November 17th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. BrightView had a net margin of 0.28% and a return on equity of 6.25%. The company had revenue of $723.40 million for the quarter, compared to analysts’ expectations of $722.72 million. Equities analysts predict that BrightView Holdings, Inc. will post 0.42 earnings per share for the current year.
BrightView Company Profile
BrightView Holdings, Inc is an investment company, which engages in the provision of commercial landscaping services. It operates through the Maintenance Services and Development Services segments. The Maintenance Services segment delivers a full suite of recurring commercial landscaping services ranging from mowing, gardening, mulching and snow removal, to more horticulturally advanced services, such as water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance.
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