Bessemer Group Inc. reduced its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 4.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 200,939 shares of the company’s stock after selling 9,197 shares during the period. Bessemer Group Inc.’s holdings in Bright Horizons Family Solutions were worth $20,375,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in BFAM. Two Sigma Investments LP grew its holdings in Bright Horizons Family Solutions by 358.5% in the 3rd quarter. Two Sigma Investments LP now owns 494,382 shares of the company’s stock valued at $53,675,000 after buying an additional 386,558 shares in the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Bright Horizons Family Solutions by 1,638.6% during the 3rd quarter. Voloridge Investment Management LLC now owns 395,272 shares of the company’s stock worth $42,915,000 after purchasing an additional 372,537 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Bright Horizons Family Solutions by 149.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 614,293 shares of the company’s stock worth $78,040,000 after purchasing an additional 367,711 shares during the period. UBS Group AG grew its holdings in shares of Bright Horizons Family Solutions by 150.9% during the 3rd quarter. UBS Group AG now owns 526,345 shares of the company’s stock worth $57,145,000 after purchasing an additional 316,589 shares during the period. Finally, Citadel Advisors LLC grew its holdings in shares of Bright Horizons Family Solutions by 505.5% during the 3rd quarter. Citadel Advisors LLC now owns 327,766 shares of the company’s stock worth $35,586,000 after purchasing an additional 273,633 shares during the period.
Bright Horizons Family Solutions Price Performance
BFAM opened at $68.36 on Friday. The stock’s 50-day moving average price is $78.81 and its 200 day moving average price is $88.80. Bright Horizons Family Solutions Inc. has a 12-month low of $63.68 and a 12-month high of $132.99. The company has a current ratio of 0.46, a quick ratio of 0.52 and a debt-to-equity ratio of 0.78. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 1.18 and a beta of 1.28.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on BFAM shares. BMO Capital Markets lowered their price target on Bright Horizons Family Solutions from $124.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. JPMorgan Chase & Co. lowered their price target on Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Morgan Stanley set a $70.00 price target on Bright Horizons Family Solutions in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft set a $99.00 price target on Bright Horizons Family Solutions and gave the stock a “hold” rating in a report on Friday, February 13th. Finally, Barclays lowered their price target on Bright Horizons Family Solutions from $160.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of “Hold” and a consensus price target of $100.44.
Check Out 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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