Intech Investment Management LLC Lowers Position in BrightView Holdings, Inc. $BV

Intech Investment Management LLC decreased its holdings in shares of BrightView Holdings, Inc. (NYSE:BV) by 22.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 24,844 shares of the company’s stock after selling 7,386 shares during the period. Intech Investment Management LLC’s holdings in BrightView were worth $414,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CWM LLC increased its stake in BrightView by 58.7% in the 1st quarter. CWM LLC now owns 3,418 shares of the company’s stock worth $44,000 after acquiring an additional 1,264 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in shares of BrightView during the first quarter worth about $517,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of BrightView in the first quarter worth approximately $208,000. Mackenzie Financial Corp increased its position in shares of BrightView by 34.3% in the first quarter. Mackenzie Financial Corp now owns 76,665 shares of the company’s stock worth $984,000 after purchasing an additional 19,581 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in BrightView in the first quarter valued at approximately $129,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

BrightView Stock Down 0.1%

BV opened at $12.62 on Friday. BrightView Holdings, Inc. has a 12 month low of $11.06 and a 12 month high of $18.08. The company has a current ratio of 1.29, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average price is $12.75 and its 200-day moving average price is $14.47. The company has a market cap of $1.20 billion, a P/E ratio of 315.50 and a beta of 1.29.

BrightView (NYSE:BV) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). The company had revenue of $702.80 million for the quarter, compared to the consensus estimate of $718.03 million. BrightView had a return on equity of 8.43% and a net margin of 2.10%.BrightView’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. BrightView has set its FY 2026 guidance at EPS. On average, equities analysts expect that BrightView Holdings, Inc. will post 0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

BV has been the subject of a number of research reports. Robert W. Baird cut their price target on shares of BrightView from $19.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Morgan Stanley cut their target price on shares of BrightView from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, November 20th. Wall Street Zen cut BrightView from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings restated a “hold (c-)” rating on shares of BrightView in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group cut their price objective on BrightView from $13.50 to $10.50 and set a “sell” rating for the company in a report on Thursday, November 20th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, BrightView presently has a consensus rating of “Hold” and a consensus price target of $15.90.

BrightView 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.