HighTower Advisors LLC Decreases Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

HighTower Advisors LLC decreased its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 11.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,082 shares of the company's stock after selling 6,354 shares during the quarter. HighTower Advisors LLC owned about 0.08% of Bright Horizons Family Solutions worth $6,602,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. OLD National Bancorp IN boosted its position in shares of Bright Horizons Family Solutions by 2.7% during the third quarter. OLD National Bancorp IN now owns 3,159 shares of the company's stock valued at $443,000 after buying an additional 82 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Bright Horizons Family Solutions by 6.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company's stock worth $252,000 after acquiring an additional 119 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Bright Horizons Family Solutions by 2.9% during the 3rd quarter. Avior Wealth Management LLC now owns 4,674 shares of the company's stock valued at $655,000 after acquiring an additional 133 shares during the period. Daiwa Securities Group Inc. boosted 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 acquiring an additional 145 shares during the period. Finally, Quarry LP grew its position in Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company's stock valued at $48,000 after acquiring an additional 177 shares during the last quarter.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 800 shares of the business's stock in a transaction that occurred on 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 owns 31,025 shares in the company, valued at $4,248,563.50. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mary Ann Tocio sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the sale, the director now owns 25,257 shares of the company's stock, valued at approximately $2,897,230.47. This trade represents a 16.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BFAM shares. BMO Capital Markets upgraded Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and decreased their target price for the stock from $137.00 to $125.00 in a research report on Monday, November 18th. 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 raised shares of Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Morgan Stanley raised their target price on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an "underweight" rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted their price target on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Bright Horizons Family Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $141.50.

Bright Horizons Family Solutions Stock Down 0.8 %

Shares of BFAM traded down $0.91 during mid-day trading on Tuesday, hitting $112.19. The company's stock had a trading volume of 513,810 shares, compared to its average volume of 404,967. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The company's 50-day moving average is $122.89 and its 200-day moving average is $122.93. Bright Horizons Family Solutions Inc. has a 52-week low of $87.82 and a 52-week high of $141.90. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 56.38 and a beta of 1.44.

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

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.