Bright Horizons Family Solutions Inc (NYSE:BFAM) Holdings Lifted by Advisor Group Inc.

Advisor Group Inc. raised its holdings in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 282.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,604 shares of the company’s stock after purchasing an additional 6,356 shares during the quarter. Advisor Group Inc.’s holdings in Bright Horizons Family Solutions were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of BFAM. Norges Bank bought a new position in shares of Bright Horizons Family Solutions during the 4th quarter worth $40,423,000. Lord Abbett & CO. LLC grew its stake in shares of Bright Horizons Family Solutions by 226.9% during the 4th quarter. Lord Abbett & CO. LLC now owns 503,466 shares of the company’s stock worth $56,111,000 after acquiring an additional 349,470 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Bright Horizons Family Solutions by 10.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,888,688 shares of the company’s stock worth $210,494,000 after acquiring an additional 186,139 shares during the period. BlackRock Inc. grew its stake in shares of Bright Horizons Family Solutions by 6.2% during the 4th quarter. BlackRock Inc. now owns 2,938,167 shares of the company’s stock worth $327,460,000 after acquiring an additional 170,349 shares during the period. Finally, Fiera Capital Corp grew its stake in shares of Bright Horizons Family Solutions by 336.7% during the 4th quarter. Fiera Capital Corp now owns 175,208 shares of the company’s stock worth $19,527,000 after acquiring an additional 135,088 shares during the period. Institutional investors own 97.29% of the company’s stock.

Several research analysts have recently weighed in on BFAM shares. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $146.00 price target for the company in a research note on Monday, May 6th. Bank of America reiterated a “neutral” rating and set a $123.00 price target (up previously from $115.00) on shares of Bright Horizons Family Solutions in a research note on Wednesday, February 13th. BMO Capital Markets increased their price target on Bright Horizons Family Solutions from $120.00 to $122.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 13th. Finally, Citigroup increased their price target on Bright Horizons Family Solutions from $117.00 to $126.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Bright Horizons Family Solutions currently has an average rating of “Buy” and an average price target of $127.00.

BFAM stock opened at $139.39 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.24. The firm has a market cap of $8.12 billion, a PE ratio of 46.00, a PEG ratio of 3.90 and a beta of 0.27. Bright Horizons Family Solutions Inc has a fifty-two week low of $100.12 and a fifty-two week high of $141.15.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. The business had revenue of $501.76 million for the quarter, compared to analysts’ expectations of $497.24 million. Bright Horizons Family Solutions had a return on equity of 23.38% and a net margin of 8.38%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 EPS. On average, equities analysts forecast that Bright Horizons Family Solutions Inc will post 3.39 EPS for the current year.

In related news, COO Mary Lou Burke sold 2,556 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $139.01, for a total transaction of $355,309.56. Following the sale, the chief operating officer now owns 29,169 shares of the company’s stock, valued at approximately $4,054,782.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen I. Dreier sold 443 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $127.75, for a total value of $56,593.25. Following the sale, the executive vice president now directly owns 69,784 shares in the company, valued at approximately $8,914,906. The disclosure for this sale can be found here. Insiders have sold a total of 24,047 shares of company stock worth $3,135,431 in the last three months. 1.90% of the stock is currently owned by insiders.

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About Bright Horizons Family Solutions

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

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

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