Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Purchased by Cwm LLC

Cwm LLC raised its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 449.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 8,034 shares of the company’s stock after acquiring an additional 6,572 shares during the period. Cwm LLC’s holdings in Bright Horizons Family Solutions were worth $1,126,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in Bright Horizons Family Solutions by 6.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock valued at $252,000 after purchasing an additional 119 shares during the last quarter. MJP Associates Inc. ADV increased its stake in shares of Bright Horizons Family Solutions by 7.0% during the 2nd quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock valued at $263,000 after acquiring an additional 157 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after acquiring an additional 165 shares during the last quarter. Quarry LP lifted its holdings in shares of Bright Horizons Family Solutions by 68.3% during the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after acquiring an additional 177 shares during the period. Finally, Everpar Advisors LLC boosted its position in shares of Bright Horizons Family Solutions by 6.7% in the second quarter. Everpar Advisors LLC now owns 2,979 shares of the company’s stock worth $328,000 after acquiring an additional 186 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group increased their price target on shares of Bright Horizons Family Solutions from $128.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group increased their target price on Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Robert W. Baird boosted their price target on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $134.63.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM opened at $131.96 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56. Bright Horizons Family Solutions Inc. has a 1-year low of $71.65 and a 1-year high of $141.90. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 92.93 and a beta of 1.48. The business has a 50-day moving average of $137.10 and a 200-day moving average of $120.00.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.15. The firm had revenue of $670.10 million during the quarter, compared to analysts’ expectations of $666.17 million. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. Bright Horizons Family Solutions’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. On average, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.98 EPS for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 14,500 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $130.90, for a total value of $1,898,050.00. Following the completion of the transaction, the chief operating officer now directly owns 33,425 shares of the company’s stock, valued at $4,375,332.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, General Counsel John Guy Casagrande sold 4,235 shares of Bright Horizons Family Solutions stock in a transaction on Monday, August 5th. The shares were sold at an average price of $129.86, for a total value of $549,957.10. Following the completion of the sale, the general counsel now owns 13,677 shares in the company, valued at approximately $1,776,095.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mary Lou Burke sold 14,500 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $130.90, for a total transaction of $1,898,050.00. Following the transaction, the chief operating officer now owns 33,425 shares in the company, valued at $4,375,332.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,635 shares of company stock valued at $3,100,340. Corporate insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Profile

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.