SG Americas Securities LLC Buys Shares of 1,866 Bright Horizons Family Solutions Inc. (NYSE:BFAM)

SG Americas Securities LLC bought a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,866 shares of the company’s stock, valued at approximately $176,000.

Other hedge funds have also added to or reduced their stakes in the company. Morgan Stanley boosted its position in shares of Bright Horizons Family Solutions by 301.8% during the 4th quarter. Morgan Stanley now owns 856,581 shares of the company’s stock valued at $54,050,000 after acquiring an additional 643,410 shares during the last quarter. Norges Bank bought a new stake in shares of Bright Horizons Family Solutions during the 4th quarter valued at about $35,706,000. Goldman Sachs Group Inc. boosted its position in shares of Bright Horizons Family Solutions by 249.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 476,170 shares of the company’s stock valued at $63,183,000 after acquiring an additional 340,088 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Bright Horizons Family Solutions by 9.7% during the 1st quarter. JPMorgan Chase & Co. now owns 3,509,737 shares of the company’s stock valued at $270,216,000 after acquiring an additional 309,359 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of Bright Horizons Family Solutions by 11.1% during the 3rd quarter. William Blair Investment Management LLC now owns 1,913,192 shares of the company’s stock valued at $155,849,000 after acquiring an additional 191,545 shares during the last quarter.

Bright Horizons Family Solutions Price Performance

BFAM opened at $109.17 on Monday. Bright Horizons Family Solutions Inc. has a 12-month low of $71.65 and a 12-month high of $119.21. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $110.52 and a two-hundred day simple moving average of $96.36. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 85.96, a price-to-earnings-growth ratio of 4.20 and a beta of 1.37.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.12. Bright Horizons Family Solutions had a return on equity of 12.24% and a net margin of 3.07%. The firm had revenue of $615.65 million during the quarter, compared to the consensus estimate of $588.63 million. Research analysts predict that Bright Horizons Family Solutions Inc. will post 2.69 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Mary Lou Burke sold 600 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $98.88, for a total transaction of $59,328.00. Following the completion of the transaction, the chief operating officer now directly owns 38,753 shares in the company, valued at $3,831,896.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Mary Lou Burke sold 600 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $98.88, for a total transaction of $59,328.00. Following the sale, the chief operating officer now directly owns 38,753 shares of the company’s stock, valued at $3,831,896.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Elizabeth J. Boland sold 15,640 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total value of $1,779,362.80. Following the sale, the chief financial officer now directly owns 89,983 shares in the company, valued at $10,237,365.91. The disclosure for this sale can be found here. Insiders sold 17,740 shares of company stock worth $1,996,191 over the last three months. 1.28% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted their target price on Bright Horizons Family Solutions from $90.00 to $92.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. The Goldman Sachs Group boosted their target price on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. StockNews.com cut Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. UBS Group reduced their price target on Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Finally, Barclays upgraded Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $100.00 to $125.00 in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $102.38.

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.