Victory Capital Cuts BrightView Holdings Shares Despite Economic Uncertainty
June 21, 2023
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BRIGHTVIEW ($NYSE:BV): Amidst the difficult economic climate, Victory Capital Management has made the surprising decision to reduce its stake in BrightView Holdings. BrightView Holdings is a major provider of commercial landscaping services in the United States. The decision to reduce their stake in BrightView may be seen as a sign of caution from Victory Capital Management. This move signals their cautiousness in the current economic climate, as uncertainty still remains as to how businesses will fare in the coming months.
However, it is uncertain what will happen to BrightView in the future as the economic climate continues to remain uncertain and Victory’s decision may be taken as a sign of caution.
Share Price
On Friday, BrightView Holdings experienced a decrease in their stock despite the current economic uncertainty. The stock opened at $7.3 and closed at the same price, marking a 1.1% decrease from the previous closing price of $7.4. This drop in share price came despite the company’s positive financial results in the first quarter of fiscal 2022, indicating a degree of volatility in the market. It remains to be seen how the stock price of BrightView Holdings will respond to this decision in coming weeks. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brightview Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 2.78k | -14.8 | -0.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brightview Holdings. More…
| Operations | Investing | Financing |
| 119.6 | -99.8 | -54.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brightview Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.28k | 2.09k | 12.68 |
Key Ratios Snapshot
Some of the financial key ratios for Brightview Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.8% | -7.4% | 2.4% |
| FCF Margin | ROE | ROA |
| 1.2% | 3.5% | 1.3% |
Analysis
At GoodWhale, we have conducted an analysis of BRIGHTVIEW HOLDINGS‘ wellbeing, and our results show that the company is a medium risk investment in terms of financial and business aspects. Specifically, our Risk Rating puts BRIGHTVIEW HOLDINGS as a medium risk investment, meaning that the level of risk involved with investing in this company is moderate. Furthermore, our analysis also revealed 1 warning in BRIGHTVIEW HOLDINGS’ balance sheet. If you would like to review this warning in full detail, please become a registered user and log into our system. Our team is on-hand to answer any questions you may have about our findings. More…
Peers
The competition between BrightView Holdings Inc and its competitors is fierce, with Mader Group Ltd, Japan Elevator Service Holdings Co Ltd, and Simplex Holdings Inc all vying for a share of the market. With each company offering unique products and services, the competition is sure to be fierce in the coming years.
– Mader Group Ltd ($ASX:MAD)
Mader Group Ltd is a global engineering services provider based in Australia. The company provides turnkey engineering, project management and maintenance services to clients in the resources, energy, infrastructure and industrial sectors across the globe. As of 2022, the company has a market cap of 704M and a Return on Equity (ROE) of 33.68%. The market cap reflects the market value of the company and its shareholders’ equity, while the ROE is an indicator of how well the company is utilizing its shareholders’ investments. Mader Group’s high ROE suggests that it has been able to produce high returns for its shareholders.
– Japan Elevator Service Holdings Co Ltd ($TSE:6544)
Elevator Service Holdings Co Ltd is a Japanese company that specializes in the manufacturing and installation of elevators, escalators, and moving walkways. With a market cap of 141.94B as of 2022, the company is well-positioned to remain a leader in the industry. The company has also shown strong financial performance, with a Return on Equity of 24.68%. This indicates that the company is effective in utilizing its assets to generate profits. The company’s strong market position and financial performance make it well-positioned to remain a leader in the industry.
– Simplex Holdings Inc ($TSE:4373)
Simplex Holdings Inc is a leading technology company that designs and manufactures products for the consumer electronics and automotive industries. It is listed on the NYSE and has a market cap of 118.08B as of 2022. The company’s Return on Equity (ROE) stands at 10.23%, indicating that its shareholders earned 10.23 cents for each dollar of shareholders’ equity invested in the company. This is a sign of strong performance and a well-managed business. Simplex Holdings Inc has been able to successfully capitalize on the growing demand for consumer electronics and automotive products, allowing it to become one of the largest players in the sector.
Summary
Victory Capital Management, a financial services firm, recently reduced its holdings in BrightView Holdings. BrightView is an outdoor services company providing grounds maintenance, landscape development, and snow removal services. Despite the recent downturn in stock prices, BrightView still appears to be a favorable long-term investment, with its strong balance sheet and resilient market position. The company has a solid competitive advantage and an impressive track record of meeting customer needs.
Additionally, its strategic partnerships with leading industry players make it a reliable partner for long-term growth and profitability. To better understand the company’s prospects, investors should conduct a thorough analysis of its financial statements and industry trends.
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