Chilton Investment Co. LLC reduced its stake in shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) by 36.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 158,821 shares of the company’s stock after selling 90,699 shares during the period. Chilton Investment Co. LLC owned 0.27% of Bright Horizons Family Solutions worth $16,282,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BFAM. Jennison Associates LLC bought a new position in shares of Bright Horizons Family Solutions in the 2nd quarter worth about $37,250,000. BlackRock Inc. raised its position in shares of Bright Horizons Family Solutions by 11.6% in the 2nd quarter. BlackRock Inc. now owns 2,783,957 shares of the company’s stock worth $285,410,000 after acquiring an additional 288,576 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions in the 1st quarter worth about $23,844,000. Jane Street Group LLC bought a new position in shares of Bright Horizons Family Solutions in the 1st quarter worth about $20,255,000. Finally, Millennium Management LLC raised its position in shares of Bright Horizons Family Solutions by 335.9% in the 1st quarter. Millennium Management LLC now owns 259,720 shares of the company’s stock worth $25,899,000 after acquiring an additional 200,138 shares in the last quarter. 99.00% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on the company. Zacks Investment Research raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Monday. BMO Capital Markets lifted their price objective on Bright Horizons Family Solutions from $114.00 to $118.00 and gave the stock a “market perform” rating in a research report on Monday, August 6th. Finally, Citigroup lowered Bright Horizons Family Solutions from a “buy” rating to a “neutral” rating in a research report on Friday, August 3rd. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Bright Horizons Family Solutions has a consensus rating of “Hold” and an average price target of $104.91.

Shares of BFAM opened at $119.24 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $6.92 billion, a PE ratio of 45.04, a PEG ratio of 2.73 and a beta of 0.07. Bright Horizons Family Solutions Inc has a one year low of $77.68 and a one year high of $120.07.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, August 2nd. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.02. The company had revenue of $490.00 million during the quarter, compared to the consensus estimate of $486.63 million. Bright Horizons Family Solutions had a return on equity of 20.90% and a net margin of 8.77%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $0.74 EPS. sell-side analysts forecast that Bright Horizons Family Solutions Inc will post 2.92 earnings per share for the current fiscal year.

In other news, Director Linda A. Mason sold 13,045 shares of the firm’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $106.14, for a total value of $1,384,596.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mary Lou Burke sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $103.42, for a total value of $113,762.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,562 shares of company stock valued at $6,120,107. 2.20% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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