Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Bamco Inc. NY

Bamco Inc. NY trimmed its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 8.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,489,337 shares of the company’s stock after selling 146,259 shares during the period. Bamco Inc. NY owned about 2.56% of Bright Horizons Family Solutions worth $208,701,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BFAM. Raleigh Capital Management Inc. acquired a new position in shares of Bright Horizons Family Solutions in the 3rd quarter worth $29,000. V Square Quantitative Management LLC acquired a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $35,000. Whittier Trust Co. of Nevada Inc. increased its stake in Bright Horizons Family Solutions by 850.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after purchasing an additional 306 shares in the last quarter. True Wealth Design LLC acquired a new stake in Bright Horizons Family Solutions during the 3rd quarter worth about $49,000. Finally, Daiwa Securities Group Inc. lifted its stake in Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after buying an additional 165 shares in the last quarter.

Insider Activity

In other news, COO Mary Lou Burke sold 800 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the transaction, the chief operating officer now owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. This represents a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.22% of the stock is owned by insiders.

Bright Horizons Family Solutions Stock Up 0.3 %

BFAM opened at $115.63 on Monday. The company has a market capitalization of $6.73 billion, a PE ratio of 58.11 and a beta of 1.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. Bright Horizons Family Solutions Inc. has a fifty-two week low of $86.79 and a fifty-two week high of $141.90. The business has a 50-day moving average of $126.22 and a 200-day moving average of $122.62.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.05. The firm had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 earnings per share. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BFAM. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target on the stock in a report on Friday, November 22nd. UBS Group boosted their target price on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $137.00 to $125.00 in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. increased their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $141.50.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.