Samlyn Capital LLC Sells 75,396 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Samlyn Capital LLC decreased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 16.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 372,754 shares of the company's stock after selling 75,396 shares during the quarter. Samlyn Capital LLC owned 0.64% of Bright Horizons Family Solutions worth $41,033,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BFAM. Riverview Trust Co bought a new position in Bright Horizons Family Solutions in the first quarter worth approximately $25,000. Whittier Trust Co. of Nevada Inc. grew its stake in Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company's stock worth $38,000 after purchasing an additional 306 shares in the last quarter. YHB Investment Advisors Inc. bought a new position in Bright Horizons Family Solutions in the first quarter worth approximately $40,000. Daiwa Securities Group Inc. grew its stake in Bright Horizons Family Solutions by 73.3% in the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock worth $43,000 after purchasing an additional 165 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in Bright Horizons Family Solutions in the fourth quarter worth approximately $38,000.

Wall Street Analysts Forecast Growth

BFAM has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their target price on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a "hold" rating in a research report on Friday, August 2nd. Morgan Stanley increased their price objective on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company an "underweight" rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. increased their price objective on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Barclays increased their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, August 30th. Finally, BMO Capital Markets increased their price objective on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a "market perform" rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $129.25.

Bright Horizons Family Solutions Trading Down 0.1 %

Shares of BFAM stock opened at $138.97 on Tuesday. The stock's fifty day moving average is $132.22 and its two-hundred day moving average is $117.48. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $8.06 billion, a P/E ratio of 97.87 and a beta of 1.48. Bright Horizons Family Solutions Inc. has a fifty-two week low of $71.65 and a fifty-two week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.73 by $0.15. The business had revenue of $670.10 million for the quarter, compared to analyst estimates of $666.17 million. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The company's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 EPS. Research analysts expect that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $110.20, for a total value of $88,160.00. Following the completion of the transaction, the chief operating officer now directly owns 36,925 shares of the company's stock, valued at approximately $4,069,135. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Mary Ann Tocio sold 2,500 shares of the company's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $130.93, for a total value of $327,325.00. Following the completion of the transaction, the director now owns 30,257 shares in the company, valued at approximately $3,961,549.01. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Mary Lou Burke sold 800 shares of the company's stock in a transaction on Friday, July 5th. The shares were sold at an average price of $110.20, for a total transaction of $88,160.00. Following the completion of the transaction, the chief operating officer now owns 36,925 shares of the company's stock, valued at approximately $4,069,135. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,635 shares of company stock valued at $3,198,948. 1.22% of the stock is currently owned by insiders.

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.

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