Mayar Capital Ltd. lessened its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,234 shares of the company's stock after selling 8,002 shares during the period. Bright Horizons Family Solutions accounts for approximately 8.7% of Mayar Capital Ltd.'s holdings, making the stock its 5th biggest position. Mayar Capital Ltd. owned 0.10% of Bright Horizons Family Solutions worth $6,677,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in BFAM. Janney Montgomery Scott LLC bought a new position in shares of Bright Horizons Family Solutions during the 3rd quarter valued at about $7,388,000. Asset Management One Co. Ltd. purchased a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter valued at about $5,600,000. Graypoint LLC purchased a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter valued at about $299,000. Capital Performance Advisors LLP purchased a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter valued at about $75,000. Finally, Atria Investments Inc raised its position in shares of Bright Horizons Family Solutions by 1.4% during the 3rd quarter. Atria Investments Inc now owns 21,126 shares of the company's stock valued at $2,960,000 after buying an additional 293 shares in the last quarter.
Bright Horizons Family Solutions Trading Up 0.1 %
Shares of NYSE:BFAM traded up $0.07 during trading on Friday, reaching $127.52. 528,078 shares of the company were exchanged, compared to its average volume of 436,506. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The business's fifty day simple moving average is $120.79 and its 200-day simple moving average is $124.23. Bright Horizons Family Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $141.90. The firm has a market capitalization of $7.31 billion, a PE ratio of 53.13 and a beta of 1.50.
Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share 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%. On average, research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.
Analysts Set New Price Targets
Several brokerages have recently issued reports on BFAM. UBS Group decreased their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Morgan Stanley reduced their price objective 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. The Goldman Sachs Group reduced their price objective 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. Robert W. Baird raised shares of Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price objective on the stock in a research report on Friday, November 22nd. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $137.67.
Check Out Our Latest Stock Report on BFAM
Bright Horizons Family Solutions Profile
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Free Report)
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.
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