Private Advisor Group LLC Buys New Holdings in Bright Horizons Family Solutions Inc (BFAM)

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Private Advisor Group LLC bought a new position in Bright Horizons Family Solutions Inc (NYSE:BFAM) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,270 shares of the company’s stock, valued at approximately $545,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BFAM. CIBC Asset Management Inc bought a new stake in shares of Bright Horizons Family Solutions in the 1st quarter valued at about $201,000. SG Americas Securities LLC bought a new stake in shares of Bright Horizons Family Solutions in the 1st quarter valued at about $102,000. Victory Capital Management Inc. bought a new stake in shares of Bright Horizons Family Solutions in the 1st quarter valued at about $23,844,000. State Board of Administration of Florida Retirement System grew its position in shares of Bright Horizons Family Solutions by 3.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 53,810 shares of the company’s stock valued at $5,366,000 after buying an additional 1,807 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Bright Horizons Family Solutions by 2.2% in the 1st quarter. Swiss National Bank now owns 96,179 shares of the company’s stock valued at $9,591,000 after buying an additional 2,100 shares during the last quarter. 99.00% of the stock is owned by institutional investors and hedge funds.

BFAM has been the topic of a number of analyst reports. Citigroup lowered Bright Horizons Family Solutions from a “buy” rating to a “neutral” rating in a research report on Friday, August 3rd. They noted that the move was a valuation call. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Monday. Finally, BMO Capital Markets upped their price target on Bright Horizons Family Solutions from $114.00 to $118.00 and gave the company a “market perform” rating in a research report on Monday, August 6th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $104.91.

Shares of Bright Horizons Family Solutions stock opened at $118.20 on Thursday. Bright Horizons Family Solutions Inc has a one year low of $77.68 and a one year high of $120.07. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $6.93 billion, a P/E ratio of 45.07, a price-to-earnings-growth ratio of 2.73 and a beta of 0.12.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Thursday, August 2nd. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. Bright Horizons Family Solutions had a return on equity of 20.90% and a net margin of 8.77%. The company had revenue of $490.00 million for the quarter, compared to analyst estimates of $486.63 million. During the same quarter in the prior year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. equities research analysts expect that Bright Horizons Family Solutions Inc will post 2.92 earnings per share for the current fiscal year.

In other Bright Horizons Family Solutions news, CAO Mandy Berman sold 500 shares of the stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $101.68, for a total value of $50,840.00. Following the transaction, the chief accounting officer now owns 20,880 shares in the company, valued at $2,123,078.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth J. Boland sold 5,087 shares of the stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $106.22, for a total value of $540,341.14. Following the completion of the transaction, the chief financial officer now owns 138,026 shares in the company, valued at approximately $14,661,121.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,417 shares of company stock worth $4,621,748. 2.20% of the stock is owned by corporate insiders.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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