Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” third-quarter 2022 investor letter – a copy of which can be downloaded here. During the third quarter of the year, the portfolio fell –9.48% (net), below the R2000V’s decline of –4.6% and the R2500V’s decline of –4.5%. Try to spare some time to check the fund’s top 5 holdings for you to have an idea about their best stock picks this 2022.
In its Q3 2022 investor letter, Bernzott Capital Advisors US Small Cap Value Fund mentioned BrightView Holdings, Inc. (NYSE:BV) and explained its insights for the company. Founded in 1939, BrightView Holdings, Inc. (NYSE:BV) is a Pennsylvania-based commercial landscape company with a $667.7 million market capitalization. BrightView Holdings, Inc. (NYSE:BV) delivered a -49.01% return since the beginning of the year, while its 12-month returns are down by -52.17%. The stock closed at $7.18 per share on November 23, 2022.
Here is what Bernzott Capital Advisors US Small Cap Value Fund has to say about BrightView Holdings, Inc. (NYSE:BV) in its Q3 2022 investor letter:
“Brightview (NYSE:BV): The commercial landscaping services provider fell after reporting disappointing earnings. A spike in fuel costs squeezed 3Q profit margins. The company is working to increase pricing by revising contract structure to include CPI escalators as well as through annual contract renewals. These efforts should restore margins. Modestly worsening leverage ratios may also have played a part in the stock’s weakness, as they company repurchased shares worth $82 million, reducing cash and increasing net debt. This capital allocation should accrue to the benefit of shareholders longer term. Encouragingly, top line performance was positive, +11%, and the company is controlling what it can control in a volatile environment for a business typically characterized by low variability.”
Photo by Emma Simpson on Unsplash
Our calculations show that BrightView Holdings, Inc. (NYSE:BV) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. BrightView Holdings, Inc. (NYSE:BV) was in 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) delivered a -32.26% return in the past 3 months. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q3 page.
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Disclosure: None. This article is originally published at Insider Monkey.
