Private Advisor Group LLC acquired a new stake in Bright Horizons Family Solutions Inc (NYSE:BFAM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,780 shares of the company’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BFAM. Mackenzie Financial Corp lifted its holdings in Bright Horizons Family Solutions by 24.1% in the 3rd quarter. Mackenzie Financial Corp now owns 716,500 shares of the company’s stock valued at $61,769,000 after purchasing an additional 139,179 shares in the last quarter. KBC Group NV lifted its holdings in shares of Bright Horizons Family Solutions by 24.3% during the 3rd quarter. KBC Group NV now owns 31,666 shares of the company’s stock worth $2,730,000 after acquiring an additional 6,194 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Bright Horizons Family Solutions by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 396,806 shares of the company’s stock worth $34,208,000 after acquiring an additional 3,507 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 3.6% during the 3rd quarter. Brown Advisory Inc. now owns 1,205,861 shares of the company’s stock worth $103,958,000 after acquiring an additional 42,133 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 9.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 260,923 shares of the company’s stock worth $22,495,000 after acquiring an additional 21,781 shares during the period. 99.74% of the stock is currently owned by hedge funds and other institutional investors.

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $82.33, for a total value of $823,300.00. Following the completion of the sale, the chief financial officer now owns 150,717 shares of the company’s stock, valued at $12,408,530.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elizabeth J. Boland sold 19,681 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $85.16, for a total transaction of $1,676,033.96. Following the completion of the sale, the chief financial officer now directly owns 152,977 shares of the company’s stock, valued at approximately $13,027,521.32. The disclosure for this sale can be found here. Insiders sold 3,613,792 shares of company stock valued at $315,248,860 in the last ninety days. 2.90% of the stock is owned by corporate insiders.

Shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) opened at $91.35 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.49 and a quick ratio of 0.49. Bright Horizons Family Solutions Inc has a 1 year low of $65.00 and a 1 year high of $93.13. The stock has a market cap of $5,388.78, a P/E ratio of 38.17, a price-to-earnings-growth ratio of 1.82 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The company had revenue of $433.30 million during the quarter, compared to the consensus estimate of $429.36 million. During the same quarter last year, the company earned $0.49 earnings per share. Bright Horizons Family Solutions’s revenue for the quarter was up 12.9% on a year-over-year basis. equities research analysts forecast that Bright Horizons Family Solutions Inc will post 2.5 EPS for the current fiscal year.

Several research analysts recently commented on the stock. Credit Suisse Group raised their price target on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. BMO Capital Markets restated a “hold” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, October 25th. BidaskClub lowered shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 10th. Finally, Barclays raised their price target on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Bright Horizons Family Solutions currently has an average rating of “Hold” and a consensus target price of $90.67.

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Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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

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