Corient Private Wealth LLC Sells 1,346 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Corient Private Wealth LLC trimmed its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAMFree Report) by 11.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,578 shares of the company’s stock after selling 1,346 shares during the period. Corient Private Wealth LLC’s holdings in Bright Horizons Family Solutions were worth $997,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina grew its stake in Bright Horizons Family Solutions by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 25,220 shares of the company’s stock worth $2,054,000 after acquiring an additional 130 shares in the last quarter. Natixis Advisors L.P. grew its stake in Bright Horizons Family Solutions by 0.9% in the 3rd quarter. Natixis Advisors L.P. now owns 23,264 shares of the company’s stock worth $1,895,000 after acquiring an additional 218 shares in the last quarter. Arizona State Retirement System grew its stake in Bright Horizons Family Solutions by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 16,460 shares of the company’s stock worth $1,341,000 after acquiring an additional 222 shares in the last quarter. Truist Financial Corp grew its stake in Bright Horizons Family Solutions by 0.3% in the 4th quarter. Truist Financial Corp now owns 90,399 shares of the company’s stock worth $8,519,000 after acquiring an additional 227 shares in the last quarter. Finally, Avior Wealth Management LLC grew its stake in Bright Horizons Family Solutions by 6.2% in the 4th quarter. Avior Wealth Management LLC now owns 4,439 shares of the company’s stock worth $418,000 after acquiring an additional 261 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BFAM shares. UBS Group dropped their price objective on shares of 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. BMO Capital Markets increased their price objective on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Robert W. Baird increased their price objective on shares of Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, Barclays upgraded shares of Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $100.00 to $125.00 in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of “Hold” and a consensus price target of $107.43.

View Our Latest Research Report on Bright Horizons Family Solutions

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, CAO Jason Janoff sold 6,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $113.79, for a total value of $682,740.00. Following the completion of the transaction, the chief accounting officer now owns 8,955 shares of the company’s stock, valued at $1,018,989.45. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Bright Horizons Family Solutions news, CAO Jason Janoff sold 6,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $113.79, for a total value of $682,740.00. Following the completion of the transaction, the chief accounting officer now owns 8,955 shares of the company’s stock, valued at $1,018,989.45. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Stephen Howard Kramer sold 11,250 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $113.95, for a total transaction of $1,281,937.50. Following the completion of the transaction, the chief executive officer now directly owns 122,573 shares of the company’s stock, valued at approximately $13,967,193.35. The disclosure for this sale can be found here. Corporate insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Trading Up 3.6 %

NYSE:BFAM opened at $108.86 on Tuesday. Bright Horizons Family Solutions Inc. has a 52 week low of $71.65 and a 52 week high of $119.21. The firm has a 50 day moving average of $109.31 and a 200 day moving average of $103.25. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 76.66, a PEG ratio of 3.94 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAMGet Free Report) last posted its earnings results on Thursday, May 2nd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.00%. The company had revenue of $622.71 million during the quarter, compared to analysts’ expectations of $614.60 million. As a group, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.76 earnings per share for the current fiscal year.

About Bright Horizons Family Solutions

(Free Report)

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.

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

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