3 days Ago By ABMN Staff
California Public Employees Retirement System decreased its holdings in shares of Bright Horizons Family Solutions Inc. ( NYSE:BFAM – Free Report ) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 92,127 shares of the company’s stock after selling 6,080 shares during the period. California Public Employees Retirement System owned about 0.16% of Bright Horizons Family Solutions worth $10,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Versant Capital Management Inc purchased a new stake in Bright Horizons Family Solutions in the fourth quarter worth about $25,000. Atala Financial Inc bought a new position in shares of Bright Horizons Family Solutions during the 4th quarter valued at approximately $32,000.
Tortoise Investment Management LLC increased its holdings in Bright Horizons Family Solutions by 76.7% in the 4th quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock worth $46,000 after acquiring an additional 181 shares in the last quarter.
Anchor Investment Management LLC raised its stake in Bright Horizons Family Solutions by 423.2% during the 3rd quarter. Anchor Investment Management LLC now owns 654 shares of the company’s stock worth $92,000 after acquiring an additional 529 shares during the period.
Finally, Avanza Fonder AB purchased a new position in Bright Horizons Family Solutions during the fourth quarter valued at approximately $93,000. Bright Horizons Family Solutions Stock Performance NYSE:BFAM opened at $114.39 on Monday.
The company has a market cap of $6.56 billion, a price-to-earnings ratio of 47.66 and a beta of 1.
49. Bright Horizons Family Solutions Inc. has a 1 year low of $100.
59 and a 1 year high of $141.90. The stock’s 50 day simple moving average is $125.
11 and its two-hundred day simple moving average is $122.26. The company has a debt-to-equity ratio of 0.
66, a current ratio of 0.61 and a quick ratio of 0.61.
Analyst Ratings Changes Several brokerages have recently commented on BFAM. Morgan Stanley decreased their price objective on shares of Bright Horizons Family Solutions from $102.00 to $100.
00 and set an “underweight” rating on the stock in a research report on Tuesday, February 11th. UBS Group decreased their price target on Bright Horizons Family Solutions from $148.00 to $130.
00 and set a “neutral” rating on the stock in a report on Friday, January 24th. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd.
The Goldman Sachs Group decreased their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, December 27th.
Finally, Jefferies Financial Group lowered their price target on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd.
One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.67.
Read Our Latest Analysis on Bright Horizons Family Solutions Insider Activity In related news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.74, for a total value of $311,850.
00. Following the completion of the transaction, the director now owns 22,757 shares in the company, valued at approximately $2,838,708.18.
This trade represents a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink .
Also, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total value of $124,690.
00. Following the sale, the chief operating officer now owns 33,449 shares in the company, valued at approximately $4,170,755.81.
This trade represents a 2.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Corporate insiders own 1.22% of the company’s stock. Bright Horizons Family Solutions Profile ( Free Report ) 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. Featured Stories 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 .
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