KBC Group NV boosted its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 19.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,934 shares of the company’s stock after acquiring an additional 8,098 shares during the period. KBC Group NV owned 0.09% of Bright Horizons Family Solutions worth $4,962,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of BFAM. Financial Consulate Inc. purchased a new stake in shares of Bright Horizons Family Solutions in the third quarter worth $26,000. TruNorth Capital Management LLC purchased a new position in shares of Bright Horizons Family Solutions during the 3rd quarter valued at $28,000. Rothschild Investment LLC boosted its holdings in Bright Horizons Family Solutions by 6,700.0% in the 3rd quarter. Rothschild Investment LLC now owns 340 shares of the company’s stock worth $37,000 after buying an additional 335 shares during the period. SJS Investment Consulting Inc. boosted its holdings in Bright Horizons Family Solutions by 9,075.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 367 shares of the company’s stock worth $40,000 after buying an additional 363 shares during the period. Finally, Signaturefd LLC increased its stake in Bright Horizons Family Solutions by 34.4% in the 4th quarter. Signaturefd LLC now owns 426 shares of the company’s stock worth $43,000 after buying an additional 109 shares in the last quarter.
Bright Horizons Family Solutions Stock Down 0.0%
Shares of BFAM stock opened at $84.75 on Monday. The stock has a market cap of $4.67 billion, a P/E ratio of 25.22, a PEG ratio of 1.43 and a beta of 1.31. 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 quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.56. The company’s fifty day simple moving average is $78.11 and its two-hundred day simple moving average is $91.81.
Wall Street Analyst Weigh In
A number of research firms have commented on BFAM. Robert W. Baird set a $100.00 price target on Bright Horizons Family Solutions in a report on Friday, February 13th. BMO Capital Markets cut their target price on Bright Horizons Family Solutions from $124.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Zacks Research downgraded Bright Horizons Family Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. The Goldman Sachs Group lowered their price target on Bright Horizons Family Solutions from $130.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, Morgan Stanley set a $70.00 price target on Bright Horizons Family Solutions in a research note on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $107.11.
Read Our Latest Stock Analysis on Bright Horizons Family Solutions
Bright Horizons Family Solutions Company Profile
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.
Further Reading
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