Hsbc Holdings PLC grew its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 117.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 64,098 shares of the company’s stock after buying an additional 34,574 shares during the quarter. Hsbc Holdings PLC owned approximately 0.12% of Bright Horizons Family Solutions worth $6,489,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Brevan Howard Capital Management LP boosted its stake in shares of Bright Horizons Family Solutions by 278.6% during the third quarter. Brevan Howard Capital Management LP now owns 41,185 shares of the company’s stock valued at $4,471,000 after purchasing an additional 30,306 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $19,098,000. Quantbot Technologies LP increased its stake in shares of Bright Horizons Family Solutions by 3,580.3% in the third quarter. Quantbot Technologies LP now owns 36,656 shares of the company’s stock valued at $3,980,000 after buying an additional 35,660 shares during the period. Capital World Investors increased its stake in shares of Bright Horizons Family Solutions by 10.4% in the third quarter. Capital World Investors now owns 1,521,925 shares of the company’s stock valued at $165,235,000 after buying an additional 143,861 shares during the period. Finally, Geneva Capital Management LLC boosted its position in Bright Horizons Family Solutions by 18.3% during the 3rd quarter. Geneva Capital Management LLC now owns 709,384 shares of the company’s stock worth $77,018,000 after buying an additional 109,916 shares during the period.
Bright Horizons Family Solutions Price Performance
Shares of BFAM opened at $70.14 on Friday. The business has a 50-day moving average of $69.68 and a 200-day moving average of $81.27. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 1.15 and a beta of 1.18. Bright Horizons Family Solutions Inc. has a 1 year low of $57.63 and a 1 year high of $130.76.
Analysts Set New Price Targets
BFAM has been the topic of a number of research reports. Weiss Ratings lowered shares of Bright Horizons Family Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. UBS Group cut their price target on shares of Bright Horizons Family Solutions from $93.00 to $88.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Bright Horizons Family Solutions presently has an average rating of “Hold” and a consensus price target of $96.12.
Check Out Our Latest Stock Analysis on BFAM
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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