Callan Family Office LLC purchased a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,499 shares of the company’s stock, valued at approximately $532,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of BFAM. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Bright Horizons Family Solutions during the second quarter valued at $29,000. AG Campbell Advisory LLC purchased a new position in Bright Horizons Family Solutions in the 4th quarter worth about $41,000. Geneos Wealth Management Inc. raised its position in Bright Horizons Family Solutions by 98.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock worth $43,000 after buying an additional 167 shares during the last quarter. Danske Bank A S bought a new position in Bright Horizons Family Solutions during the 3rd quarter valued at about $43,000. Finally, State of Wyoming bought a new position in Bright Horizons Family Solutions during the 1st quarter valued at about $60,000.
Bright Horizons Family Solutions Stock Down 0.3%
Bright Horizons Family Solutions stock opened at $73.88 on Wednesday. Bright Horizons Family Solutions Inc. has a one year low of $57.63 and a one year high of $121.13. The stock has a fifty day moving average of $73.12 and a 200 day moving average of $74.10. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.48. The stock has a market cap of $3.59 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 1.13 and a beta of 1.14.
Insider Buying and Selling at Bright Horizons Family Solutions
In other news, COO Mary Lou Burke sold 1,200 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $75.57, for a total value of $90,684.00. Following the transaction, the chief operating officer owned 32,145 shares in the company, valued at $2,429,197.65. This represents a 3.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on BFAM shares. JPMorgan Chase & Co. reduced their price target on shares of Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. UBS Group increased their price objective on shares of Bright Horizons Family Solutions from $87.00 to $88.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Morgan Stanley lowered their price objective on shares of Bright Horizons Family Solutions from $70.00 to $68.00 and set an “underweight” rating on the stock in a research report on Friday, July 31st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Bright Horizons Family Solutions currently has a consensus rating of “Hold” and an average price target of $95.88.
Read Our Latest Stock Analysis on Bright Horizons Family Solutions
About Bright Horizons Family Solutions
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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