Loomis Sayles & Co. L P Raises Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Loomis Sayles & Co. L P grew its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 23.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 273,901 shares of the company’s stock after purchasing an additional 51,424 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.47% of Bright Horizons Family Solutions worth $38,381,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Raleigh Capital Management Inc. purchased a new position in Bright Horizons Family Solutions in the third quarter valued at $29,000. V Square Quantitative Management LLC purchased a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $35,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Bright Horizons Family Solutions by 850.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after acquiring an additional 306 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after purchasing an additional 165 shares during the last quarter. Finally, Quarry LP boosted its holdings in Bright Horizons Family Solutions by 68.3% in the second quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after purchasing an additional 177 shares in the last quarter.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the transaction, the chief operating officer now directly owns 31,025 shares in the company, valued at approximately $4,248,563.50. This represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.22% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on BFAM. JPMorgan Chase & Co. boosted their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Morgan Stanley upped their price objective on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research note on Tuesday, November 5th. Baird R W upgraded Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $137.00 to $125.00 in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $141.50.

Bright Horizons Family Solutions Stock Up 1.4 %

Shares of Bright Horizons Family Solutions stock opened at $114.61 on Tuesday. Bright Horizons Family Solutions Inc. has a one year low of $86.79 and a one year high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a fifty day moving average of $128.51 and a two-hundred day moving average of $122.57. The company has a market cap of $6.67 billion, a P/E ratio of 57.59 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The company had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 EPS. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current year.

Bright Horizons Family Solutions Company 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.