Hsbc Holdings PLC trimmed its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 62.6% in the 1st quarter, HoldingsChannel reports. The firm owned 23,947 shares of the company’s stock after selling 40,151 shares during the quarter. Hsbc Holdings PLC’s holdings in Bright Horizons Family Solutions were worth $1,968,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of BFAM. M&T Bank Corp boosted its position in shares of Bright Horizons Family Solutions by 6,909.9% in the fourth quarter. M&T Bank Corp now owns 136,904 shares of the company’s stock worth $13,882,000 after buying an additional 134,951 shares during the period. Mayar Capital Ltd. raised its position in Bright Horizons Family Solutions by 73.6% during the fourth quarter. Mayar Capital Ltd. now owns 80,934 shares of the company’s stock valued at $8,207,000 after buying an additional 34,300 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Bright Horizons Family Solutions by 84.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,748 shares of the company’s stock worth $2,940,000 after acquiring an additional 13,192 shares in the last quarter. Comerica Bank lifted its stake in Bright Horizons Family Solutions by 92.9% in the 4th quarter. Comerica Bank now owns 173,701 shares of the company’s stock worth $17,613,000 after acquiring an additional 83,666 shares in the last quarter. Finally, CWM LLC boosted its position in Bright Horizons Family Solutions by 44.5% during the 4th quarter. CWM LLC now owns 47,881 shares of the company’s stock worth $4,855,000 after acquiring an additional 14,750 shares during the period.
Bright Horizons Family Solutions Price Performance
BFAM opened at $75.65 on Monday. The stock has a fifty day moving average price of $68.57 and a 200 day moving average price of $77.35. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78. Bright Horizons Family Solutions Inc. has a 1 year low of $57.63 and a 1 year high of $130.76. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.30 and a beta of 1.15.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on BFAM shares. JPMorgan Chase & Co. lowered their target price on Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. UBS Group decreased their price target on shares of Bright Horizons Family Solutions from $88.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, July 17th. Finally, Weiss Ratings downgraded shares of Bright Horizons Family Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $96.00.
Read Our Latest Stock Report 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.
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