Fiera Capital Corp increased its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 30.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 405,539 shares of the company’s stock after acquiring an additional 93,876 shares during the quarter. Fiera Capital Corp owned approximately 0.72% of Bright Horizons Family Solutions worth $41,122,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of BFAM. Norges Bank bought a new stake in Bright Horizons Family Solutions in the fourth quarter valued at $74,317,000. Goldman Sachs Group Inc. boosted its position in shares of Bright Horizons Family Solutions by 23.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,026,442 shares of the company’s stock worth $306,881,000 after purchasing an additional 582,976 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Bright Horizons Family Solutions by 358.5% in the 3rd quarter. Two Sigma Investments LP now owns 494,382 shares of the company’s stock valued at $53,675,000 after buying an additional 386,558 shares during the period. Voloridge Investment Management LLC grew its stake in shares of Bright Horizons Family Solutions by 1,638.6% in the 3rd quarter. Voloridge Investment Management LLC now owns 395,272 shares of the company’s stock valued at $42,915,000 after buying an additional 372,537 shares during the period. Finally, UBS Group AG increased its position in Bright Horizons Family Solutions by 150.9% in the 3rd quarter. UBS Group AG now owns 526,345 shares of the company’s stock valued at $57,145,000 after buying an additional 316,589 shares in the last quarter.
Bright Horizons Family Solutions Price Performance
Shares of NYSE:BFAM opened at $59.05 on Tuesday. The firm has a market capitalization of $3.11 billion, a PE ratio of 17.78, a P/E/G ratio of 1.07 and a beta of 1.19. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $74.49 and a two-hundred day moving average price of $84.76. Bright Horizons Family Solutions Inc. has a twelve month low of $57.63 and a twelve month high of $130.76.
Wall Street Analyst Weigh In
BFAM has been the topic of a number of research reports. UBS Group lowered their target price on Bright Horizons Family Solutions from $93.00 to $88.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Robert W. Baird set a $100.00 price target on shares of Bright Horizons Family Solutions in a research note on Friday, February 13th. BMO Capital Markets lowered their price objective on shares of Bright Horizons Family Solutions from $124.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Weiss Ratings cut shares of Bright Horizons Family Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Finally, Barclays decreased their target price on shares of Bright Horizons Family Solutions from $160.00 to $95.00 and set an “overweight” rating for the company in a research report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $100.44.
Check Out Our Latest Report on Bright Horizons Family Solutions
About Bright Horizons Family Solutions
Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.
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