Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc reduced its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAMGet Rating) by 19.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 795 shares of the company’s stock after selling 192 shares during the quarter. Prospera Financial Services Inc’s holdings in Bright Horizons Family Solutions were worth $67,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC grew its position in shares of Bright Horizons Family Solutions by 31.0% in the first quarter. Signaturefd LLC now owns 385 shares of the company’s stock valued at $51,000 after purchasing an additional 91 shares during the period. FDx Advisors Inc. increased its holdings in Bright Horizons Family Solutions by 1.1% in the second quarter. FDx Advisors Inc. now owns 10,869 shares of the company’s stock valued at $919,000 after buying an additional 114 shares during the last quarter. Private Capital Group LLC increased its holdings in Bright Horizons Family Solutions by 14.2% in the second quarter. Private Capital Group LLC now owns 963 shares of the company’s stock valued at $81,000 after buying an additional 120 shares during the last quarter. Accretive Wealth Partners LLC increased its holdings in Bright Horizons Family Solutions by 1.7% in the first quarter. Accretive Wealth Partners LLC now owns 7,825 shares of the company’s stock valued at $1,038,000 after buying an additional 129 shares during the last quarter. Finally, Veritable L.P. grew its holdings in shares of Bright Horizons Family Solutions by 6.3% during the first quarter. Veritable L.P. now owns 2,188 shares of the company’s stock valued at $290,000 after purchasing an additional 130 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Citigroup lowered their target price on Bright Horizons Family Solutions from $115.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, November 3rd. Robert W. Baird cut their price objective on Bright Horizons Family Solutions from $115.00 to $83.00 in a research report on Wednesday, August 3rd. The Goldman Sachs Group cut their target price on shares of Bright Horizons Family Solutions from $108.00 to $94.00 and set a “buy” rating on the stock in a research note on Wednesday, November 2nd. Barclays dropped their price target on shares of Bright Horizons Family Solutions from $90.00 to $75.00 and set an “overweight” rating on the stock in a research note on Monday, October 10th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Bright Horizons Family Solutions from $91.00 to $77.00 in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $80.29.

Bright Horizons Family Solutions Trading Up 1.6 %

Shares of NYSE BFAM opened at $75.52 on Wednesday. The company’s fifty day moving average is $63.16 and its 200-day moving average is $75.91. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 55.94 and a beta of 1.11. Bright Horizons Family Solutions Inc. has a twelve month low of $54.19 and a twelve month high of $140.02. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.97.

Bright Horizons Family Solutions Company Profile

(Get Rating)

Bright Horizons Family Solutions Inc provides early education and child care, back-up care, educational advisory, and other workplace solutions services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.

See Also

Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

Receive News & Ratings for Bright Horizons Family Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions and related companies with MarketBeat.com's FREE daily email newsletter.