SG Americas Securities LLC Makes New $271,000 Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

SG Americas Securities LLC purchased a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,445 shares of the company's stock, valued at approximately $271,000.

A number of other large investors have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company's stock valued at $445,761,000 after acquiring an additional 423,456 shares in the last quarter. State Street Corp boosted its holdings in shares of Bright Horizons Family Solutions by 0.4% in the third quarter. State Street Corp now owns 999,263 shares of the company's stock valued at $140,027,000 after acquiring an additional 3,970 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Bright Horizons Family Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 924,832 shares of the company's stock valued at $129,633,000 after acquiring an additional 7,597 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Bright Horizons Family Solutions by 3.2% in the third quarter. Westfield Capital Management Co. LP now owns 707,383 shares of the company's stock valued at $99,126,000 after acquiring an additional 21,935 shares in the last quarter. Finally, Geneva Capital Management LLC boosted its holdings in shares of Bright Horizons Family Solutions by 0.5% in the third quarter. Geneva Capital Management LLC now owns 575,400 shares of the company's stock valued at $80,631,000 after acquiring an additional 2,649 shares in the last quarter.

Insider Activity

In related news, Director Mary Ann Tocio sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the transaction, the director now owns 25,257 shares of the company's stock, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM traded up $0.12 on Friday, hitting $121.93. The company's stock had a trading volume of 312,571 shares, compared to its average volume of 371,693. Bright Horizons Family Solutions Inc. has a 12-month low of $94.83 and a 12-month high of $141.90. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 61.27 and a beta of 1.45. 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 stock has a 50 day moving average of $114.76 and a 200-day moving average of $124.47.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BFAM shares. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and lowered their target price for the company from $137.00 to $125.00 in a report on Monday, November 18th. 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 report on Friday, November 22nd. Jefferies Financial Group decreased their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Morgan Stanley decreased their price objective on shares of Bright Horizons Family Solutions from $108.00 to $102.00 and set an "underweight" rating on the stock in a report on Thursday, December 12th. Finally, Baird R W raised shares of Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $135.56.

Bright Horizons Family Solutions Company 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.