Artisan Partners Limited Partnership cut its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 75.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 443,962 shares of the company’s stock after selling 1,353,406 shares during the period. Artisan Partners Limited Partnership owned about 0.79% of Bright Horizons Family Solutions worth $48,201,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. TimesSquare Capital Management LLC boosted its stake in Bright Horizons Family Solutions by 16.8% in the 3rd quarter. TimesSquare Capital Management LLC now owns 200,475 shares of the company’s stock valued at $21,766,000 after buying an additional 28,827 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Bright Horizons Family Solutions by 24.5% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 56,252 shares of the company’s stock worth $6,107,000 after acquiring an additional 11,085 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Bright Horizons Family Solutions during the third quarter valued at $2,478,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $2,768,000. Finally, Conestoga Capital Advisors LLC increased its position in shares of Bright Horizons Family Solutions by 2.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 880,580 shares of the company’s stock worth $95,605,000 after purchasing an additional 22,570 shares in the last quarter.
Bright Horizons Family Solutions Stock Down 0.8%
Shares of BFAM opened at $74.57 on Friday. The business’s fifty day moving average price is $90.06 and its two-hundred day moving average price is $100.68. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 1.45 and a beta of 1.40. Bright Horizons Family Solutions Inc. has a 52 week low of $63.68 and a 52 week high of $132.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.54 and a current ratio of 0.54.
Analyst Ratings Changes
A number of research firms have commented on BFAM. Zacks Research lowered shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Barclays cut their target price on shares of Bright Horizons Family Solutions from $160.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Bright Horizons Family Solutions in a research report on Monday, December 29th. UBS Group set a $93.00 price objective on Bright Horizons Family Solutions in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Bright Horizons Family Solutions from $156.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $107.11.
Get Our Latest Stock Analysis on Bright Horizons Family Solutions
About Bright Horizons Family Solutions
Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.
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