Sanctuary Advisors LLC increased its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 40.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,906 shares of the company’s stock after purchasing an additional 6,934 shares during the quarter. Sanctuary Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $1,963,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of BFAM. Geneos Wealth Management Inc. raised its stake in shares of Bright Horizons Family Solutions by 98.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock valued at $43,000 after buying an additional 167 shares in the last quarter. AG Campbell Advisory LLC acquired a new stake in shares of Bright Horizons Family Solutions during the 4th quarter valued at about $41,000. Danske Bank A S acquired a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter valued at about $43,000. Signaturefd LLC increased its stake in Bright Horizons Family Solutions by 34.4% in the fourth quarter. Signaturefd LLC now owns 426 shares of the company’s stock valued at $43,000 after acquiring an additional 109 shares during the period. Finally, Fifth Third Bancorp increased its stake in Bright Horizons Family Solutions by 72.8% in the fourth quarter. Fifth Third Bancorp now owns 648 shares of the company’s stock valued at $66,000 after acquiring an additional 273 shares during the period.
Bright Horizons Family Solutions Trading Down 3.2%
Shares of BFAM stock opened at $72.16 on Thursday. The company has a market capitalization of $3.80 billion, a P/E ratio of 21.74, a P/E/G ratio of 1.28 and a beta of 1.15. Bright Horizons Family Solutions Inc. has a 12-month low of $57.63 and a 12-month high of $130.76. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average price of $68.32 and a 200 day moving average price of $77.72.
Analysts Set New Price Targets
A number of brokerages have commented on BFAM. JPMorgan Chase & Co. cut their price target on shares of Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings lowered Bright Horizons Family Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 1st. Finally, UBS Group cut their target price on Bright Horizons Family Solutions from $88.00 to $87.00 and set a “neutral” rating for the company in a research report on Friday, July 17th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of “Hold” and a consensus price target of $96.00.
Check Out Our Latest Stock Report on Bright Horizons Family Solutions
Bright Horizons Family Solutions Company 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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