Is Brightview (BV) still worth investing in?

Bernzott Capital Advisors, an investment management company, has released its US Small Cap Value Fund Investor Letter for Q3 2022 – a copy of which can be downloaded here. During the third quarter of the year the portfolio fell -9.48% (net), underperforming the R2000V’s -4.6% fall and the R2500V’s -4.5% fall. Try taking some time to review the fund’s top 5 holdings so you can get an idea of ​​the best stock picks in 2022.

In its third-quarter 2022 letter to investors, Bernzott Capital Advisors US Small Cap Value Fund mentioned BrightView Holdings, Inc. (NYSE:B.V) and explained his findings for the company. Founded in 1939, BrightView Holdings, Inc. (NYSE:BV) is a Pennsylvania-based landscape company with a market capitalization of $667.7 million. BrightView Holdings, Inc. (NYSE:BV) has returned -49.01% year-to-date, while 12-month returns are down -52.17%. The stock closed on November 23, 2022 at $7.18 per share.

Here’s what Bernzott Capital Advisors US Small Cap Value Fund has to say about BrightView Holdings, Inc. (NYSE:BV) in its Q3 2022 Investor Letter:

Bright view (NYSE: BV): The provider of commercial landscaping services fell after reporting disappointing earnings. A rise in fuel costs weighed on profit margins in the third quarter. The company is working to increase prices by revising the contract structure to include CPI escalators and through annual contract renewals. Those efforts should restore margins. Slightly deteriorating debt ratios may also have played a role in the stock’s weakness, as the company repurchased $82 million worth of stock, reduced cash and increased net debt. This capital allocation is intended to benefit shareholders in the longer term. Encouragingly, revenue performance was positive, +11%, and the company is controlling what it can in a volatile environment for a business typically characterized by low volatility.”

mental health, happy

mental health, happy

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Our calculations show that BrightView Holdings, Inc. (NYSE:BV) was the laggard and did not make our list of The 30 most popular stocks among hedge funds. BrightView Holdings, Inc. (NYSE:BV) had exposure to 13 hedge fund portfolios at the end of the second quarter of 2022, compared to 10 funds in the previous quarter. BrightView Holdings, Inc. (NYSE:BV) returned -32.26% over the past 3 months. For more investor letters from hedge funds and prominent investors, visit our 2022 Q3 Hedge Fund Investor Letters page.

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Disclosure: None. This article was originally published on Insider Monkey.