New York Life Investment Management LLC purchased a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,125 shares of the company's stock, valued at approximately $679,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of BFAM. Versant Capital Management Inc purchased a new stake in shares of Bright Horizons Family Solutions in the fourth quarter worth about $25,000. True Wealth Design LLC bought a new position in shares of Bright Horizons Family Solutions in the third quarter worth approximately $49,000. Capital Performance Advisors LLP purchased a new stake in Bright Horizons Family Solutions in the third quarter worth $75,000. Daiwa Securities Group Inc. lifted its stake in Bright Horizons Family Solutions by 37.2% in the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company's stock worth $75,000 after acquiring an additional 145 shares during the period. Finally, Anchor Investment Management LLC lifted its position in Bright Horizons Family Solutions by 423.2% during the third 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 period.
Bright Horizons Family Solutions Stock Up 0.1 %
NYSE BFAM traded up $0.07 during trading on Friday, hitting $127.52. The company's stock had a trading volume of 528,078 shares, 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 company has a market cap of $7.42 billion, a PE ratio of 53.13 and a beta of 1.45. The business's 50 day simple moving average is $120.79 and its 200-day simple moving average is $124.30. Bright Horizons Family Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $141.90.
Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly 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 return on equity of 13.63% and a net margin of 5.22%. On average, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price target on the stock in a research note on Friday, November 22nd. StockNews.com raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. UBS Group reduced their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Morgan Stanley dropped their price target on Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating for the company in a research note on Tuesday, February 11th. Finally, Baird R W upgraded 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 given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $137.67.
View Our Latest Stock Report on Bright Horizons Family Solutions
About Bright Horizons Family Solutions
(
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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