Eagle Bay Advisors LLC Sells 254 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Eagle Bay Advisors LLC decreased its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 20.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 986 shares of the company’s stock after selling 254 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $112,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of BFAM. Riverview Trust Co acquired a new stake in Bright Horizons Family Solutions in the 1st quarter worth about $25,000. Principal Securities Inc. acquired a new stake in Bright Horizons Family Solutions in the 4th quarter worth about $38,000. YHB Investment Advisors Inc. acquired a new stake in Bright Horizons Family Solutions in the 1st quarter worth about $40,000. CWM LLC raised its stake in Bright Horizons Family Solutions by 29.3% in the 1st quarter. CWM LLC now owns 1,537 shares of the company’s stock worth $174,000 after purchasing an additional 348 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Bright Horizons Family Solutions in the 4th quarter worth about $176,000.

Bright Horizons Family Solutions Price Performance

BFAM stock traded up $0.57 during trading on Thursday, reaching $119.84. 145,214 shares of the company were exchanged, compared to its average volume of 336,609. The company has a 50-day moving average of $108.78 and a two-hundred day moving average of $107.20. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 83.91, a P/E/G ratio of 4.57 and a beta of 1.45. Bright Horizons Family Solutions Inc. has a twelve month low of $71.65 and a twelve month high of $122.67. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.51 and a quick ratio of 0.51.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. The business had revenue of $622.71 million during the quarter, compared to analysts’ expectations of $614.60 million. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.00%. As a group, equities analysts predict that Bright Horizons Family Solutions Inc. will post 2.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $120.00, for a total transaction of $120,000.00. Following the sale, the chief operating officer now directly owns 35,925 shares of the company’s stock, valued at approximately $4,311,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Mary Ann Tocio sold 4,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $108.95, for a total value of $435,800.00. Following the sale, the director now directly owns 31,855 shares of the company’s stock, valued at approximately $3,470,602.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $120.00, for a total transaction of $120,000.00. Following the completion of the sale, the chief operating officer now directly owns 35,925 shares in the company, valued at $4,311,000. The disclosure for this sale can be found here. Insiders have sold 28,447 shares of company stock valued at $3,186,710 in the last ninety days. 1.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BFAM has been the subject of several analyst reports. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. boosted their target price on shares of Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Robert W. Baird boosted their target price on shares of Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. The Goldman Sachs Group boosted their target price on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, BMO Capital Markets boosted their target price on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $107.43.

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.