Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,920 shares of the company’s stock after acquiring an additional 478 shares during the period. Sanctuary Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $2,371,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of BFAM. &PARTNERS acquired a new position in shares of Bright Horizons Family Solutions in the 2nd quarter valued at about $488,000. Bank of New York Mellon Corp boosted its holdings in shares of Bright Horizons Family Solutions by 8.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 212,879 shares of the company’s stock valued at $23,434,000 after buying an additional 17,100 shares during the period. Bailard Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 55.0% in the 2nd quarter. Bailard Inc. now owns 6,812 shares of the company’s stock valued at $750,000 after buying an additional 2,418 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in shares of Bright Horizons Family Solutions by 18.8% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 234,862 shares of the company’s stock valued at $25,854,000 after buying an additional 37,157 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of 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 valued at $38,000 after buying an additional 306 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BFAM. Robert W. Baird raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target for the company in a report on Friday, November 22nd. JPMorgan Chase & Co. boosted their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group boosted their target price on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $137.00 to $125.00 in a research note on Monday, November 18th. Finally, Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $140.75.

Bright Horizons Family Solutions Stock Down 0.2 %

BFAM stock opened at $108.14 on Wednesday. Bright Horizons Family Solutions Inc. has a 52 week low of $90.56 and a 52 week high of $141.90. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 54.34 and a beta of 1.43. The firm’s 50-day moving average is $120.73 and its two-hundred day moving average is $123.06. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The company had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. During the same period in the previous year, the firm earned $0.78 EPS. Bright Horizons Family Solutions’s revenue was up 11.3% on a year-over-year basis. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post 3.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the sale, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mary Ann Tocio sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the sale, the director now owns 25,257 shares in the company, valued at $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.22% of the company’s stock.

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.