Landscape Capital Management L.L.C. purchased a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 18,345 shares of the company’s stock, valued at approximately $1,300,000.
A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. acquired a new position in Bright Horizons Family Solutions during the second quarter worth $452,317,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Bright Horizons Family Solutions in the 4th quarter valued at $191,952,000. Norges Bank acquired a new stake in Bright Horizons Family Solutions in the 4th quarter valued at $74,317,000. Janus Henderson Group PLC lifted its position in Bright Horizons Family Solutions by 2,536.7% during the 4th quarter. Janus Henderson Group PLC now owns 656,173 shares of the company’s stock worth $66,535,000 after buying an additional 631,287 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Bright Horizons Family Solutions by 64.4% during the 4th quarter. AQR Capital Management LLC now owns 1,579,757 shares of the company’s stock worth $160,124,000 after buying an additional 619,067 shares during the last quarter.
Bright Horizons Family Solutions Price Performance
Shares of NYSE BFAM opened at $72.81 on Monday. The firm has a market cap of $3.54 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 1.11 and a beta of 1.14. The business’s 50 day moving average is $72.73 and its 200-day moving average is $74.31. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14. Bright Horizons Family Solutions Inc. has a 1-year low of $57.63 and a 1-year high of $124.25.
Insider Buying and Selling
In related news, COO Mary Lou Burke sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $75.57, for a total transaction of $90,684.00. Following the transaction, the chief operating officer directly owned 32,145 shares of the company’s stock, valued at approximately $2,429,197.65. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.42% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Morgan Stanley reduced their price target on Bright Horizons Family Solutions from $70.00 to $68.00 and set an “underweight” rating for the company in a report on Friday, July 31st. Weiss Ratings restated a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, July 29th. Finally, UBS Group raised their price objective on 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. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $95.88.
Check Out Our Latest Analysis on BFAM
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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