Royce & Associates LP Has $3.16 Million Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Royce & Associates LP lifted its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,506 shares of the company's stock after purchasing an additional 4,300 shares during the quarter. Royce & Associates LP's holdings in Bright Horizons Family Solutions were worth $3,160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CIBC Asset Management Inc bought a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at $234,000. Claro Advisors LLC bought a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at $275,000. Thrivent Financial for Lutherans bought a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at $4,520,000. Pathstone Holdings LLC lifted its position in Bright Horizons Family Solutions by 4.6% in the 3rd quarter. Pathstone Holdings LLC now owns 28,766 shares of the company's stock valued at $4,031,000 after acquiring an additional 1,274 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at $268,000.

Insider Activity at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $124.69, for a total value of $124,690.00. Following the transaction, the chief operating officer now owns 33,449 shares in the company, valued at approximately $4,170,755.81. This represents a 2.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the transaction, the director now owns 22,757 shares in the company, valued at approximately $2,838,708.18. The trade was a 9.90 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is owned by company insiders.

Remove Ads

Analyst Upgrades and Downgrades

BFAM has been the topic of several research reports. BMO Capital Markets boosted their price objective on shares of 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. StockNews.com raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. Jefferies Financial Group cut their price target on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. The Goldman Sachs Group cut their price target 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. Finally, UBS Group cut 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 report on Friday, January 24th. One 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $137.67.

Bright Horizons Family Solutions Stock Performance

Shares of Bright Horizons Family Solutions stock traded down $1.74 during trading on Friday, hitting $124.58. 568,428 shares of the stock were exchanged, compared to its average volume of 409,241. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 51.91 and a beta of 1.50. The company has a fifty day moving average price of $123.44 and a 200-day moving average price of $123.36. Bright Horizons Family Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $141.90. 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 (NYSE:BFAM - Get Free Report) last released its quarterly earnings data 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%. As a group, equities analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

About Bright Horizons Family Solutions

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.