Loomis Sayles & Co. L P Increases Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Loomis Sayles & Co. L P increased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 23.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 273,901 shares of the company's stock after acquiring an additional 51,424 shares during the period. Loomis Sayles & Co. L P owned approximately 0.47% of Bright Horizons Family Solutions worth $38,381,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co increased its holdings in Bright Horizons Family Solutions by 141.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company's stock worth $1,676,000 after acquiring an additional 8,666 shares in the last quarter. BOKF NA grew its holdings in shares of Bright Horizons Family Solutions by 12.9% in the first quarter. BOKF NA now owns 4,486 shares of the company's stock valued at $505,000 after purchasing an additional 511 shares during the period. Bayesian Capital Management LP acquired a new stake in Bright Horizons Family Solutions during the first quarter worth $981,000. Comerica Bank lifted its stake in shares of Bright Horizons Family Solutions by 8.0% in the 1st quarter. Comerica Bank now owns 148,090 shares of the company's stock valued at $16,787,000 after purchasing an additional 10,965 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Bright Horizons Family Solutions during the 1st quarter worth $278,000.

Bright Horizons Family Solutions Stock Up 0.4 %

BFAM stock traded up $0.51 during trading on Tuesday, hitting $115.12. 521,181 shares of the company's stock were exchanged, compared to its average volume of 392,058. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 52-week low of $86.79 and a 52-week high of $141.90. The business has a 50-day moving average price of $128.01 and a two-hundred day moving average price of $122.58. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 57.84 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.06 by $0.05. The firm had revenue of $719.00 million for the quarter, compared to analyst estimates 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 period last year, the business earned $0.78 EPS. As a group, equities research analysts expect that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Insider Activity

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the sale, the chief operating officer now directly owns 31,025 shares of the company's stock, valued at approximately $4,248,563.50. This trade represents a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.22% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on BFAM. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and decreased their target price for the company from $137.00 to $125.00 in a research report on Monday, November 18th. JPMorgan Chase & Co. increased their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Robert W. Baird raised Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 target price on the stock in a research report on Friday. UBS Group upped their price target on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley lifted their price objective on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an "underweight" rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $141.50.

Bright Horizons Family Solutions Company 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.