Should You Sell BrightView Holdings (BV) Now?

Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” fourth-quarter 2022 investor letter, a copy of which can be downloaded here. In the fourth quarter, the fund delivered a 10.36% net return compared to an 8.42% return for the Russell 2000 Value Index and a 9.21% return for the Russell 2500 Value Index. Health Care was the significant contributor to the fund’s performance in the quarter, while Materials detracted from the performance. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Bernzott Capital Advisors highlighted stocks like BrightView Holdings, Inc. (NYSE:BV) in the Q4 2022 investor letter. Headquartered in Blue Bell, Pennsylvania, BrightView Holdings, Inc. (NYSE:BV) is a US-based commercial landscaping services provider. On January 20, 2023, BrightView Holdings, Inc. (NYSE:BV) stock closed at $7.37 per share. One-month return of BrightView Holdings, Inc. (NYSE:BV) was 10.83%, and its shares lost 46.52% of their value over the last 52 weeks. BrightView Holdings, Inc. (NYSE:BV) has a market capitalization of $685.41 million.

Bernzott Capital Advisors made the following comment about BrightView Holdings, Inc. (NYSE:BV) in its Q4 2022 investor letter:

“BrightView Holdings, Inc. (NYSE:BV): The commercial landscaping services provider underperformed as higher fuel and labor costs negatively impacted margins. The company is working to increase pricing by revising contract structure to include CPI escalators as well as through annual contract renewals, however these efforts to restore margins have taken longer than expectations. Modestly worsening leverage ratios may also have played a part in the stock’s weakness. As a result, we have reduced our position in this holding.”

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BrightView Holdings, Inc. (NYSE:BV) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 13 hedge fund portfolios held BrightView Holdings, Inc. (NYSE:BV) at the end of the third quarter, and 10 in the previous quarter.

We discussed BrightView Holdings, Inc. (NYSE:BV) in another article and shared Bernzott Capital Advisors’ views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.