BrightView Shares Down 30%: What a Full Fund Exit Signals for Investors

1 hour ago 1

Jonathan Ponciano, The Motley Fool

Mon, December 8, 2025 astatine 7:42 AM CST 5 min read

Connecticut-based Manatuck Hill Partners sold 367,000 shares of BrightView Holdings successful the 3rd quarter.
The presumption was antecedently worthy astir $7.8 million.
The determination marked an exit, with nary reported BrightView holdings astatine quarter-end.
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Connecticut-based Manatuck Hill Partners afloat exited its presumption successful BrightView Holdings (NYSE:BV) during the 3rd quarter, reducing its involvement by 467,000 shares successful a determination valued astatine astir $7.8 million, according to a November 14 SEC filing.

According to a November 14, 2025, SEC filing, Manatuck Hill Partners sold its full holding successful BrightView Holdings (NYSE:BV). The fund’s presumption declined by 467,000 shares, with the estimated transaction worth based connected quarterly mean pricing astatine $7.8 million.

The fund's BrightView involvement was antecedently 2.9% of its reportable AUM arsenic of the anterior quarter.

Top holdings aft filing:

NYSE: ZETA: $14 cardinal (4.6% of AUM)
NASDAQ: REAL: $13.6 cardinal (4.6% of AUM)
NYSE: IMAX: $11.1 cardinal (3.8% of AUM)
NASDAQ: OPRX: $9.7 cardinal (3.3% of AUM)
NYSE: HLF: $8.4 cardinal (2.9% of AUM)

As of Friday, shares of BrightView were priced astatine $12.57, down 30% implicit the past twelvemonth and good underperforming the S&P 500, which is up 13% successful the aforesaid period.

Metric

Value

Price (as of marketplace adjacent 2025-11-14)	$12.18
Market Capitalization	$1.16 billion
Revenue (TTM)	$2.70 billion
Net Income (TTM)	$53.90 million

BrightView Holdings provides commercialized landscaping services specified arsenic mowing, gardening, irrigation, snowfall removal, histrion care, and scenery architecture done Maintenance and Development segments.
The institution generates gross chiefly from recurring attraction contracts and project-based improvement services for commercial, residential, and organization properties.
It serves a divers lawsuit base, including firm campuses, bureau parks, homeowners' associations, acquisition institutions, nationalist parks, and healthcare facilities.

BrightView Holdings, Inc. is simply a starring supplier of commercialized landscaping services successful the United States, operating astatine standard with implicit 19,000 employees and a wide nationalist footprint. The institution leverages a dual-segment model—recurring attraction and project-based development—to thrust unchangeable currency flows and seizure maturation opportunities successful spot services. Its extended lawsuit basal and specialized work offerings lend to a beardown competitory presumption successful the specialty concern services industry.

Manatuck's afloat exit from BrightView mightiness suggest that adjacent funds with a tolerance for turnaround stories are reassessing vulnerability to specialty services businesses facing extended valuation pressure. BrightView has shown operational advancement — delivering grounds fourth-quarter adjusted EBITDA of $113.5 million, borderline enlargement of 170 ground points, and a 2nd consecutive twelvemonth of improved profitability. However, shares stay acold beneath their 2018 post-IPO highs, and that disconnect continues to trial capitalist conviction.

The firm’s exit besides comes arsenic BrightView’s gross basal is inactive contracting. Fourth-quarter income fell 3.6% to $702.8 million, weighed down by declines successful some attraction and improvement Services. Full-year gross slipped 3.4%, though the institution is guiding to humble top-line maturation and further borderline enlargement successful fiscal 2026.

For portfolio watchers, it’s notable that Manatuck is reallocating distant from slower-growing services names and toward higher-conviction positions, but determination are imaginable agleam spots successful BrightView for investors who tin tolerate multi-year turnarounds.