Trillium Asset Management LLC acquired a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 54,372 shares of the company’s stock, valued at approximately $3,854,000. Trillium Asset Management LLC owned approximately 0.11% of Bright Horizons Family Solutions at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. NewEdge Advisors LLC raised its stake in Bright Horizons Family Solutions by 24.1% during the 1st quarter. NewEdge Advisors LLC now owns 6,750 shares of the company’s stock worth $858,000 after acquiring an additional 1,312 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Bright Horizons Family Solutions by 149.1% during the first 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Bright Horizons Family Solutions by 12.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,119 shares of the company’s stock worth $24,788,000 after purchasing an additional 20,859 shares in the last quarter. Jane Street Group LLC increased its position in shares of Bright Horizons Family Solutions by 646.2% during the first quarter. Jane Street Group LLC now owns 59,643 shares of the company’s stock worth $7,577,000 after purchasing an additional 51,650 shares in the last quarter. Finally, Focus Partners Wealth increased its position in shares of Bright Horizons Family Solutions by 70.5% during the first quarter. Focus Partners Wealth now owns 4,516 shares of the company’s stock worth $574,000 after purchasing an additional 1,868 shares in the last quarter.
Bright Horizons Family Solutions Price Performance
Shares of NYSE:BFAM opened at $73.62 on Friday. Bright Horizons Family Solutions Inc. has a one year low of $57.63 and a one year high of $124.25. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 1.12 and a beta of 1.14. The company has a 50-day simple moving average of $72.57 and a 200-day simple moving average of $74.45. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.48.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. UBS Group upped their target price 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. Morgan Stanley cut their price target on 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $95.88.
View Our Latest Report on BFAM
Insider Activity
In other news, COO Mary Lou Burke sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was 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 of the company’s stock, valued at approximately $2,429,197.65. The trade was a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.42% of the company’s stock.
Bright Horizons Family Solutions Profile
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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