Contrarian Capital Management L.L.C. Purchases New Position in BrightView Holdings, Inc. (NYSE:BV)

Contrarian Capital Management L.L.C. purchased a new stake in shares of BrightView Holdings, Inc. (NYSE:BVGet 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

BV has been the subject of a number of research analyst reports. Jefferies Financial Group lowered BrightView from a “buy” rating to a “hold” rating and decreased their price target for the stock from $14.00 to $8.00 in a research note on Monday. JPMorgan Chase & Co. decreased their price target on BrightView from $10.00 to $7.00 in a research note on Tuesday.

About BrightView

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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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Institutional Ownership by Quarter for BrightView (NYSE:BV)

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