Bamco Inc. NY Sells 146,259 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Bamco Inc. NY decreased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 8.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,489,337 shares of the company's stock after selling 146,259 shares during the quarter. Bamco Inc. NY owned approximately 2.56% of Bright Horizons Family Solutions worth $208,701,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BFAM. Raleigh Capital Management Inc. acquired a new position in Bright Horizons Family Solutions in the 3rd quarter worth approximately $29,000. V Square Quantitative Management LLC acquired a new stake in Bright Horizons Family Solutions during the third quarter valued at approximately $35,000. Whittier Trust Co. of Nevada Inc. grew its stake in Bright Horizons Family Solutions by 850.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company's stock worth $38,000 after buying an additional 306 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock worth $43,000 after acquiring an additional 165 shares in the last quarter. Finally, Quarry LP increased its holdings in Bright Horizons Family Solutions by 68.3% during the 2nd quarter. Quarry LP now owns 436 shares of the company's stock valued at $48,000 after purchasing an additional 177 shares in the last quarter.

Bright Horizons Family Solutions Trading Down 0.2 %

Shares of BFAM traded down $0.18 during mid-day trading on Monday, reaching $115.45. 347,657 shares of the company were exchanged, compared to its average volume of 392,620. The stock has a market capitalization of $6.72 billion, a PE ratio of 58.11 and a beta of 1.49. The business has a 50 day simple moving average of $126.22 and a two-hundred day simple moving average of $122.62. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. Bright Horizons Family Solutions Inc. has a 52 week low of $87.82 and a 52 week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.05. The firm had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business's revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business posted $0.78 EPS. On average, analysts predict that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the transaction, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.22% of the company's stock.

Analysts Set New Price Targets

BFAM has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their target price on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Barclays lifted their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, August 30th. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price objective for the company in a report on Friday, November 22nd. Baird R W upgraded Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Finally, BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and dropped their target price for the stock from $137.00 to $125.00 in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $141.50.

About Bright Horizons Family Solutions

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.