Contrarian Capital Management L.L.C. purchased a new stake in shares of BrightView Holdings, Inc. (NYSE:BV – Get Rating) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 50,327 shares of the company’s stock, valued at approximately $604,000. BrightView comprises approximately 0.1% of Contrarian Capital Management L.L.C.’s holdings, making the stock its 27th largest position. Contrarian Capital Management L.L.C. owned approximately 0.05% of BrightView as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BV. Dimensional Fund Advisors LP boosted its stake in BrightView by 23.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,456,919 shares of the company’s stock valued at $19,829,000 after buying an additional 277,640 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of BrightView by 6.0% in the 1st quarter. Wellington Management Group LLP now owns 3,110,362 shares of the company’s stock valued at $42,332,000 after purchasing an additional 176,923 shares during the last quarter. Peregrine Capital Management LLC lifted its stake in shares of BrightView by 18.8% in the 2nd quarter. Peregrine Capital Management LLC now owns 809,295 shares of the company’s stock valued at $9,712,000 after purchasing an additional 128,169 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of BrightView by 76.3% in the 1st quarter. First Trust Advisors LP now owns 285,556 shares of the company’s stock valued at $3,886,000 after purchasing an additional 123,598 shares during the last quarter. Finally, Kestrel Investment Management Corp bought a new stake in shares of BrightView in the 1st quarter valued at approximately $1,363,000. 96.40% of the stock is owned by institutional investors.
BrightView Stock Down 2.0 %
Shares of NYSE:BV traded down $0.15 on Thursday, reaching $7.18. The company had a trading volume of 212,339 shares, compared to its average volume of 255,619. BrightView Holdings, Inc. has a 52-week low of $6.91 and a 52-week high of $15.33. The firm’s 50 day simple moving average is $8.35 and its 200-day simple moving average is $10.51. The firm has a market capitalization of $667.74 million, a PE ratio of 42.24 and a beta of 1.39. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.09.
Analyst Upgrades and Downgrades
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.
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