Loomis Sayles & Co. L P Sells 8,245 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Loomis Sayles & Co. L P lowered its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 265,656 shares of the company's stock after selling 8,245 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.46% of Bright Horizons Family Solutions worth $29,448,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Y Intercept Hong Kong Ltd lifted its position in Bright Horizons Family Solutions by 62.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company's stock worth $787,000 after buying an additional 2,739 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Bright Horizons Family Solutions by 63.0% in the third quarter. Cerity Partners LLC now owns 29,078 shares of the company's stock valued at $4,075,000 after purchasing an additional 11,236 shares in the last quarter. New York Life Investment Management LLC bought a new position in shares of Bright Horizons Family Solutions in the 4th quarter worth $679,000. New York State Common Retirement Fund raised its position in shares of Bright Horizons Family Solutions by 45.4% during the fourth quarter. New York State Common Retirement Fund now owns 115,183 shares of the company's stock worth $12,768,000 after purchasing an additional 35,959 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new stake in Bright Horizons Family Solutions in the 4th quarter valued at approximately $5,212,000.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM traded down $0.09 during trading on Tuesday, hitting $126.96. 74,019 shares of the company traded hands, compared to its average volume of 419,462. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year high of $141.90. The business's fifty day moving average is $124.66 and its 200-day moving average is $122.71. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 52.88 and a beta of 1.50.

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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 the consensus estimate 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%. As a group, equities analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions 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 sale, the chief operating officer now directly owns 33,449 shares of the company's stock, valued at approximately $4,170,755.81. This trade represents a 2.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the sale, the director now directly owns 22,757 shares of the company's stock, valued at $2,838,708.18. This represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. BMO Capital Markets upped their target price on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Jefferies Financial Group cut their target price on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. The Goldman Sachs Group decreased their price objective on Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a report on Friday, December 27th. UBS Group dropped their price target on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Finally, StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus 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.