Bright Horizons Family Solutions Inc. $BFAM Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 49.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 28,412 shares of the company’s stock after selling 27,301 shares during the period. Asset Management One Co. Ltd.’s holdings in Bright Horizons Family Solutions were worth $3,507,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BFAM. GAMMA Investing LLC increased its position in shares of Bright Horizons Family Solutions by 72.7% in the 1st quarter. GAMMA Investing LLC now owns 475 shares of the company’s stock worth $60,000 after purchasing an additional 200 shares during the last quarter. DAVENPORT & Co LLC increased its position in shares of Bright Horizons Family Solutions by 20.1% in the 1st quarter. DAVENPORT & Co LLC now owns 2,351 shares of the company’s stock worth $299,000 after purchasing an additional 394 shares during the last quarter. First Bank & Trust bought a new stake in shares of Bright Horizons Family Solutions in the 1st quarter worth about $207,000. OneDigital Investment Advisors LLC bought a new stake in shares of Bright Horizons Family Solutions in the 1st quarter worth about $295,000. Finally, Impax Asset Management Group plc increased its position in shares of Bright Horizons Family Solutions by 13.8% in the 1st quarter. Impax Asset Management Group plc now owns 29,044 shares of the company’s stock worth $3,690,000 after purchasing an additional 3,514 shares during the last quarter.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $108.52, for a total value of $108,520.00. Following the completion of the transaction, the chief operating officer owned 26,449 shares in the company, valued at approximately $2,870,245.48. This represents a 3.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mary Ann Tocio sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total transaction of $360,300.00. Following the completion of the transaction, the director owned 18,233 shares of the company’s stock, valued at approximately $2,189,783.30. This trade represents a 14.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,000 shares of company stock valued at $597,810 over the last three months. 1.21% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM opened at $92.83 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.57. Bright Horizons Family Solutions Inc. has a fifty-two week low of $92.65 and a fifty-two week high of $135.77. The firm has a 50-day simple moving average of $108.28 and a 200 day simple moving average of $116.55. The company has a market cap of $5.28 billion, a PE ratio of 30.44 and a beta of 1.33.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.07. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The business had revenue of $731.57 million during the quarter, compared to the consensus estimate of $724.32 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BFAM. Weiss Ratings reissued a “hold (c+)” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, October 8th. Morgan Stanley dropped their target price on shares of Bright Horizons Family Solutions from $104.00 to $96.00 and set an “underweight” rating for the company in a research report on Friday, October 24th. Finally, UBS Group lowered their price objective on shares of Bright Horizons Family Solutions from $138.00 to $112.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.43.

Bright Horizons Family Solutions 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.