Great West Life Assurance Co. Can Grows Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)


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Great West Life Assurance Co. Can increased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,313 shares of the company’s stock after purchasing an additional 184 shares during the period. Great West Life Assurance Co. Can’s holdings in Bright Horizons Family Solutions were worth $655,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BFAM. FMR LLC boosted its stake in shares of Bright Horizons Family Solutions by 6.3% during the 1st quarter. FMR LLC now owns 313,324 shares of the company’s stock worth $39,827,000 after purchasing an additional 18,502 shares during the period. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Bright Horizons Family Solutions by 127.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 7,955 shares of the company’s stock worth $1,011,000 after purchasing an additional 4,455 shares during the period. Balyasny Asset Management LLC purchased a new stake in Bright Horizons Family Solutions in the 2nd quarter valued at about $246,000. Private Advisor Group LLC purchased a new stake in Bright Horizons Family Solutions in the 2nd quarter valued at about $337,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in Bright Horizons Family Solutions by 70.1% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 3,454 shares of the company’s stock valued at $405,000 after buying an additional 1,424 shares during the period.

Shares of BFAM opened at $156.24 on Thursday. The company has a 50 day moving average price of $167.22 and a 200-day moving average price of $145.41. Bright Horizons Family Solutions Inc. has a fifty-two week low of $64.23 and a fifty-two week high of $177.16. The stock has a market capitalization of $9.46 billion, a PE ratio of 127.02, a PEG ratio of 9.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.22 and a current ratio of 1.22.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.49) by $0.51. The firm had revenue of $337.90 million during the quarter, compared to analyst estimates of $312.51 million. Bright Horizons Family Solutions had a net margin of 4.35% and a return on equity of 10.63%. Bright Horizons Family Solutions’s revenue was down 34.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 EPS. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 0.56 EPS for the current year.

In related news, insider Maribeth Nash Bearfield sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 15th. The shares were sold at an average price of $170.00, for a total transaction of $425,000.00. Following the completion of the transaction, the insider now owns 5,617 shares in the company, valued at approximately $954,890. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $171.76, for a total transaction of $601,160.00. In the last quarter, insiders have sold 62,370 shares of company stock valued at $10,511,121. 1.60% of the stock is currently owned by company insiders.

BFAM has been the subject of several research reports. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, January 6th. BMO Capital Markets cut shares of Bright Horizons Family Solutions from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $127.00 to $150.00 in a research report on Tuesday, October 6th. Morgan Stanley boosted their price objective on shares of Bright Horizons Family Solutions from $136.00 to $153.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 6th. Robert W. Baird cut shares of Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and set a $150.00 price objective for the company. in a research report on Monday, November 2nd. Finally, ValuEngine cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, December 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $147.86.

Bright Horizons Family Solutions Company Profile

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

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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