SG Americas Securities LLC Takes $102,000 Position in Bright Horizons Family Solutions Inc (BFAM)

SG Americas Securities LLC bought a new position in shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,022 shares of the company’s stock, valued at approximately $102,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Asset Management Inc bought a new position in shares of Bright Horizons Family Solutions during the 1st quarter worth approximately $201,000. Frontier Capital Management Co. LLC boosted its stake in shares of Bright Horizons Family Solutions by 1.2% during the 1st quarter. Frontier Capital Management Co. LLC now owns 491,598 shares of the company’s stock worth $49,022,000 after acquiring an additional 5,889 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Bright Horizons Family Solutions by 61.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,953 shares of the company’s stock worth $195,000 after acquiring an additional 742 shares during the period. Xact Kapitalforvaltning AB acquired a new stake in Bright Horizons Family Solutions during the 4th quarter worth approximately $455,000. Finally, We Are One Seven LLC acquired a new stake in Bright Horizons Family Solutions during the 4th quarter worth approximately $167,000. Institutional investors own 98.48% of the company’s stock.

Several analysts recently weighed in on BFAM shares. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Tuesday, April 3rd. ValuEngine raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Royal Bank of Canada cut Bright Horizons Family Solutions from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $95.00 to $98.00 in a report on Tuesday, April 3rd. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their price target on Bright Horizons Family Solutions from $103.00 to $106.00 and gave the stock an “overweight” rating in a report on Tuesday, May 1st. Finally, Goldman Sachs Group started coverage on Bright Horizons Family Solutions in a report on Tuesday, March 27th. They set a “neutral” rating and a $104.00 price target for the company. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $103.73.

Shares of NYSE BFAM opened at $106.00 on Wednesday. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 41.57, a P/E/G ratio of 2.38 and a beta of 0.08. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.42. Bright Horizons Family Solutions Inc has a fifty-two week low of $75.65 and a fifty-two week high of $108.40.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Monday, April 30th. The company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The firm had revenue of $463.66 million during the quarter, compared to analysts’ expectations of $461.15 million. Bright Horizons Family Solutions had a return on equity of 21.28% and a net margin of 8.58%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. equities research analysts forecast that Bright Horizons Family Solutions Inc will post 2.96 EPS for the current fiscal year.

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 6,302 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $99.68, for a total value of $628,183.36. Following the completion of the transaction, the chief financial officer now directly owns 146,113 shares of the company’s stock, valued at approximately $14,564,543.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mandy Berman sold 500 shares of Bright Horizons Family Solutions stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $99.66, for a total value of $49,830.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,880 shares of the company’s stock, valued at $2,080,900.80. The disclosure for this sale can be found here. Insiders sold a total of 166,197 shares of company stock valued at $16,946,794 over the last ninety days. Insiders own 2.20% of the company’s stock.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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

Receive News & Ratings for Bright Horizons Family Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand
Yankees Former Ace Ron Guidry Says Luis Severino Will Break His Records
Yankees Former Ace Ron Guidry Says Luis Severino Will Break His Records
Ruptured Biceps Tendon Ends Miguel Cabrera’s Season
Ruptured Biceps Tendon Ends Miguel Cabrera’s Season
Dodgers Getting Big Unexpected Lift from Three Players
Dodgers Getting Big Unexpected Lift from Three Players
What does legal betting mean for the baseball industry?
What does legal betting mean for the baseball industry?


Leave a Reply

 
© 2006-2018 BBNS.