HighTower Advisors LLC cut its stake in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,295 shares of the company’s stock after selling 242 shares during the quarter. HighTower Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $2,173,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Bright Horizons Family Solutions by 5.9% in the first quarter. Geode Capital Management LLC now owns 708,903 shares of the company’s stock valued at $72,339,000 after purchasing an additional 39,532 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Bright Horizons Family Solutions by 8.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 21,969 shares of the company’s stock valued at $3,302,000 after acquiring an additional 1,773 shares in the last quarter. Citigroup Inc. grew its stake in shares of Bright Horizons Family Solutions by 20.9% in the fourth quarter. Citigroup Inc. now owns 53,532 shares of the company’s stock valued at $8,045,000 after acquiring an additional 9,253 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Bright Horizons Family Solutions by 4.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,030 shares of the company’s stock valued at $613,000 after acquiring an additional 174 shares in the last quarter. Finally, WINTON GROUP Ltd grew its stake in shares of Bright Horizons Family Solutions by 124.0% in the first quarter. WINTON GROUP Ltd now owns 43,825 shares of the company’s stock valued at $4,470,000 after acquiring an additional 24,260 shares in the last quarter. 98.36% of the stock is currently owned by institutional investors.

BFAM opened at $110.26 on Tuesday. The company’s 50 day moving average is $115.24 and its 200-day moving average is $133.53. Bright Horizons Family Solutions Inc has a 1-year low of $64.23 and a 1-year high of $176.98. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.09. The company has a market cap of $6.41 billion, a P/E ratio of 32.91, a PEG ratio of 55.94 and a beta of 0.78.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. Bright Horizons Family Solutions had a net margin of 8.18% and a return on equity of 21.52%. The company had revenue of $506.32 million for the quarter, compared to the consensus estimate of $496.73 million. During the same period last year, the company posted $0.81 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts forecast that Bright Horizons Family Solutions Inc will post 0.4 EPS for the current year.

In related news, Director Julie Atkinson purchased 1,350 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, May 12th. The shares were bought at an average cost of $111.64 per share, for a total transaction of $150,714.00. Following the purchase, the director now owns 3,546 shares in the company, valued at approximately $395,875.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Several equities analysts recently commented on BFAM shares. Robert W. Baird upped their price target on shares of Bright Horizons Family Solutions from $95.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Barclays restated a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Thursday, March 19th. Morgan Stanley upped their price target on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Bank of America decreased their price target on shares of Bright Horizons Family Solutions from $97.00 to $95.00 and set an “underperform” rating on the stock in a research note on Thursday, May 7th. Finally, Zacks Investment Research downgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, June 24th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $126.29.

Bright Horizons Family Solutions Company Profile

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

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

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