Bright Horizons Family Solutions (NYSE:BFAM) Sees Large Volume Increase

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAMGet Rating) saw strong trading volume on Tuesday . 128,894 shares traded hands during mid-day trading, a decline of 76% from the previous session’s volume of 543,256 shares.The stock last traded at $71.17 and had previously closed at $73.91.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Bright Horizons Family Solutions from $91.00 to $77.00 in a research report on Wednesday, August 3rd. Morgan Stanley reduced their target price on shares of Bright Horizons Family Solutions from $60.00 to $57.00 and set an “underweight” rating for the company in a report on Wednesday, November 2nd. TheStreet downgraded shares of Bright Horizons Family Solutions from a “c” rating to a “d+” rating in a report on Wednesday, November 2nd. Citigroup cut their price objective on shares of Bright Horizons Family Solutions from $115.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, November 3rd. Finally, The Goldman Sachs Group dropped their target price on shares of Bright Horizons Family Solutions from $108.00 to $94.00 and set a “buy” rating for the company in a research report on Wednesday, November 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $80.29.

Bright Horizons Family Solutions Stock Performance

The company has a debt-to-equity ratio of 0.97, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 53.70 and a beta of 1.11. The firm has a fifty day simple moving average of $63.68 and a two-hundred day simple moving average of $74.94.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several institutional investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its position in shares of Bright Horizons Family Solutions by 32.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,073,218 shares of the company’s stock valued at $344,270,000 after buying an additional 991,546 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Bright Horizons Family Solutions by 9.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 9,643,500 shares of the company’s stock worth $815,069,000 after buying an additional 864,487 shares during the last quarter. Federated Hermes Inc. boosted its stake in Bright Horizons Family Solutions by 124.2% during the third quarter. Federated Hermes Inc. now owns 1,032,864 shares of the company’s stock worth $59,545,000 after buying an additional 572,129 shares during the last quarter. Select Equity Group L.P. lifted its stake in shares of Bright Horizons Family Solutions by 86.0% in the 1st quarter. Select Equity Group L.P. now owns 1,122,717 shares of the company’s stock valued at $148,973,000 after purchasing an additional 519,252 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of Bright Horizons Family Solutions by 22.8% in the 2nd quarter. Brown Advisory Inc. now owns 2,796,669 shares of the company’s stock valued at $236,375,000 after purchasing an additional 518,844 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Bright Horizons Family Solutions Company Profile

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Bright Horizons Family Solutions Inc provides early education and child care, back-up care, educational advisory, and other workplace solutions services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.

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