WINTON GROUP Ltd purchased a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 23,700 shares of the company’s stock, valued at approximately $1,680,000.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Bright Horizons Family Solutions during the second quarter valued at approximately $452,317,000. California State Teachers Retirement System boosted its position in shares of Bright Horizons Family Solutions by 6,781.7% during the second quarter. California State Teachers Retirement System now owns 4,599,049 shares of the company’s stock worth $325,981,000 after acquiring an additional 4,532,219 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Bright Horizons Family Solutions during the fourth quarter worth $191,952,000. Bamco Inc. NY purchased a new position in Bright Horizons Family Solutions during the second quarter valued at $74,789,000. Finally, William Blair Investment Management LLC purchased a new position in Bright Horizons Family Solutions during the second quarter valued at $58,093,000.
Bright Horizons Family Solutions Stock Up 1.3%
NYSE BFAM opened at $65.13 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.14. Bright Horizons Family Solutions Inc. has a 52 week low of $57.63 and a 52 week high of $114.32. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 0.99 and a beta of 1.15. The company has a fifty day moving average of $73.58 and a two-hundred day moving average of $73.54.
Insider Transactions at Bright Horizons Family Solutions
In other news, Director Mary Tocio sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $72.65, for a total transaction of $435,900.00. Following the transaction, the director owned 14,329 shares of the company’s stock, valued at approximately $1,041,001.85. This represents a 29.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Mary Burke sold 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $75.00, for a total value of $90,000.00. Following the sale, the chief operating officer directly owned 30,945 shares of the company’s stock, valued at $2,320,875. This represents a 3.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,900 shares of company stock worth $656,584 over the last three months. 1.42% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
BFAM has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of Bright Horizons Family Solutions from $70.00 to $68.00 and set an “underweight” rating on the stock in a research note on Friday, July 31st. 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. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $95.88.
Get Our Latest Report on Bright Horizons Family Solutions
Bright Horizons Family Solutions Company Profile
Bright Horizons Family Solutions Inc provides employer-sponsored child care and workforce-support services. The company operates early education and preschool centers, offering full-day care and educational programs for infants, toddlers, preschoolers and school-age children. It also provides back-up care services, including center-based and in-home care, to help employees manage disruptions in their regular care arrangements.
In addition to child care, Bright Horizons offers educational advisory services, college and university admissions counseling, and other family-support programs.
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