SG Americas Securities LLC Raises Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

SG Americas Securities LLC lifted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 355.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 11,139 shares of the company’s stock after acquiring an additional 8,694 shares during the period. SG Americas Securities LLC’s holdings in Bright Horizons Family Solutions were worth $1,415,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BFAM. Atala Financial Inc purchased a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth about $32,000. Parallel Advisors LLC grew its stake in shares of Bright Horizons Family Solutions by 79.9% during the first quarter. Parallel Advisors LLC now owns 322 shares of the company’s stock worth $41,000 after acquiring an additional 143 shares during the last quarter. Global Financial Private Client LLC lifted its holdings in shares of Bright Horizons Family Solutions by 244.2% during the first quarter. Global Financial Private Client LLC now owns 327 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the period. Tortoise Investment Management LLC lifted its holdings in shares of Bright Horizons Family Solutions by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock worth $46,000 after purchasing an additional 181 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Bright Horizons Family Solutions by 72.7% during the first quarter. GAMMA Investing LLC now owns 475 shares of the company’s stock worth $60,000 after purchasing an additional 200 shares during the period.

Bright Horizons Family Solutions Trading Up 0.3%

Shares of NYSE:BFAM opened at $123.61 on Tuesday. Bright Horizons Family Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $141.90. The company has a market capitalization of $7.08 billion, a PE ratio of 51.50 and a beta of 1.33. The business has a 50 day moving average of $123.12 and a two-hundred day moving average of $120.71. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. The company had revenue of $665.53 million during the quarter, compared to the consensus estimate of $664.34 million. Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. Bright Horizons Family Solutions’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. As a group, analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Activity

In related news, Director Mary Ann Tocio sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $128.49, for a total transaction of $321,225.00. Following the completion of the sale, the director now directly owns 20,257 shares in the company, valued at approximately $2,602,821.93. The trade was a 10.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David H. Lissy sold 6,282 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $130.10, for a total value of $817,288.20. Following the sale, the director now owns 69,312 shares of the company’s stock, valued at $9,017,491.20. The trade was a 8.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,282 shares of company stock worth $1,726,433 over the last three months. 1.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BFAM has been the subject of a number of research reports. Wall Street Zen raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. Morgan Stanley lifted their target price on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an “underweight” rating in a report on Tuesday, May 6th. Finally, BMO Capital Markets lifted their target price on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $138.33.

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.