Mirae Asset Global Investments Co. Ltd. Has $1.52 Million Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 10.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,127 shares of the company’s stock after purchasing an additional 1,526 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Bright Horizons Family Solutions were worth $1,520,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in BFAM. Eagle Bay Advisors LLC acquired a new stake in Bright Horizons Family Solutions during the second quarter worth about $26,000. Benjamin Edwards Inc. boosted its holdings in Bright Horizons Family Solutions by 141.6% during the second quarter. Benjamin Edwards Inc. now owns 302 shares of the company’s stock valued at $28,000 after purchasing an additional 177 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in Bright Horizons Family Solutions by 118.6% during the first quarter. Belpointe Asset Management LLC now owns 564 shares of the company’s stock valued at $43,000 after purchasing an additional 306 shares in the last quarter. Signaturefd LLC boosted its holdings in Bright Horizons Family Solutions by 102.2% during the third quarter. Signaturefd LLC now owns 653 shares of the company’s stock valued at $53,000 after purchasing an additional 330 shares in the last quarter. Finally, State of Wyoming boosted its holdings in Bright Horizons Family Solutions by 25.6% during the second quarter. State of Wyoming now owns 633 shares of the company’s stock valued at $59,000 after purchasing an additional 129 shares in the last quarter.

Bright Horizons Family Solutions Stock Performance

BFAM stock opened at $104.45 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.56 and a quick ratio of 0.56. The company has a 50 day moving average price of $111.08 and a 200 day moving average price of $97.18. Bright Horizons Family Solutions Inc. has a fifty-two week low of $71.65 and a fifty-two week high of $119.21. The stock has a market capitalization of $6.05 billion, a PE ratio of 82.24, a price-to-earnings-growth ratio of 4.02 and a beta of 1.37.

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

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total value of $157,500.00. Following the completion of the transaction, the chief operating officer now owns 37,253 shares in the company, valued at approximately $3,911,565. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 15,640 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the completion of the sale, the chief financial officer now owns 89,983 shares in the company, valued at approximately $10,237,365.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mary Lou Burke sold 1,500 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total transaction of $157,500.00. Following the sale, the chief operating officer now owns 37,253 shares of the company’s stock, valued at approximately $3,911,565. The disclosure for this sale can be found here. Insiders sold 17,740 shares of company stock worth $1,996,191 in the last quarter. Insiders own 1.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BFAM shares. StockNews.com downgraded Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Robert W. Baird lifted their price objective on Bright Horizons Family Solutions from $94.00 to $105.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. BMO Capital Markets lifted their price objective on Bright Horizons Family Solutions from $90.00 to $92.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. Barclays raised Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $100.00 to $125.00 in a report on Wednesday, February 28th. Finally, The Goldman Sachs Group boosted their target price on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $102.38.

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.