HighTower Advisors LLC Sells 2,203 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

HighTower Advisors LLC reduced its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 4.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,879 shares of the company's stock after selling 2,203 shares during the quarter. HighTower Advisors LLC owned approximately 0.08% of Bright Horizons Family Solutions worth $4,975,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in Bright Horizons Family Solutions during the 4th quarter valued at $25,000. True Wealth Design LLC bought a new stake in Bright Horizons Family Solutions during the 3rd quarter valued at $49,000. Tortoise Investment Management LLC raised its holdings in Bright Horizons Family Solutions by 76.7% during the 4th quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock valued at $46,000 after buying an additional 181 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Bright Horizons Family Solutions by 37.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company's stock valued at $75,000 after buying an additional 145 shares during the last quarter. Finally, Anchor Investment Management LLC raised its holdings in Bright Horizons Family Solutions by 423.2% during the 3rd quarter. Anchor Investment Management LLC now owns 654 shares of the company's stock valued at $92,000 after buying an additional 529 shares during the last quarter.

Insider Activity

In other news, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the transaction, the director now owns 22,757 shares in the company, valued at $2,838,708.18. This represents a 9.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $124.69, for a total transaction of $124,690.00. Following the completion of the transaction, the chief operating officer now owns 33,449 shares in the company, valued at $4,170,755.81. This trade represents a 2.90 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.22% of the company's stock.

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Bright Horizons Family Solutions Stock Down 1.4 %

BFAM stock traded down $1.74 during trading on Friday, hitting $124.58. 568,428 shares of the stock traded hands, compared to its average volume of 409,241. Bright Horizons Family Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $141.90. The firm's 50 day moving average is $123.44 and its two-hundred day moving average is $123.36. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 51.91 and a beta of 1.50. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. On average, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BFAM shares. BMO Capital Markets upped their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Jefferies Financial Group reduced their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. The Goldman Sachs Group reduced their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a research report on Friday, December 27th. StockNews.com raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, Morgan Stanley reduced their target price on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating on the stock in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $137.67.

Bright Horizons Family Solutions Profile

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.