Brown Advisory Inc. trimmed its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 29.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,003,694 shares of the company’s stock after selling 409,471 shares during the period. Brown Advisory Inc.’s holdings in Bright Horizons Family Solutions were worth $101,775,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Marshall Wace LLP increased its stake in shares of Bright Horizons Family Solutions by 31.1% during the 4th quarter. Marshall Wace LLP now owns 629,195 shares of the company’s stock worth $63,800,000 after purchasing an additional 149,246 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Bright Horizons Family Solutions by 4.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 12,747 shares of the company’s stock worth $1,293,000 after purchasing an additional 508 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of Bright Horizons Family Solutions during the 4th quarter worth approximately $17,310,000. Bridgewater Associates LP increased its stake in shares of Bright Horizons Family Solutions by 28.2% during the 4th quarter. Bridgewater Associates LP now owns 48,229 shares of the company’s stock worth $4,890,000 after purchasing an additional 10,605 shares in the last quarter. Finally, Bank of Nova Scotia increased its stake in shares of Bright Horizons Family Solutions by 250.5% during the 4th quarter. Bank of Nova Scotia now owns 11,902 shares of the company’s stock worth $1,207,000 after purchasing an additional 8,506 shares in the last quarter.
Bright Horizons Family Solutions Stock Down 0.1%
Shares of BFAM opened at $64.79 on Monday. The firm has a market cap of $3.41 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.11 and a beta of 1.19. The company’s fifty day moving average is $73.18 and its two-hundred day moving average is $83.76. Bright Horizons Family Solutions Inc. has a fifty-two week low of $57.63 and a fifty-two week high of $130.76. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.78.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings cut shares of Bright Horizons Family Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. BMO Capital Markets lowered their target price on shares of Bright Horizons Family Solutions from $124.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Barclays lowered 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 note on Tuesday, February 17th. Finally, UBS Group lowered their target price on shares of Bright Horizons Family Solutions from $93.00 to $88.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $100.44.
Check Out Our Latest Stock Analysis on BFAM
Bright Horizons Family Solutions Profile
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.
See Also
- Five stocks we like better than Bright Horizons Family Solutions
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Want to see what other hedge funds are holding BFAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report).
Receive News & Ratings for Bright Horizons Family Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
