Select Equity Group L.P. lessened its position in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 9.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,310,885 shares of the company’s stock after selling 339,264 shares during the period. Bright Horizons Family Solutions accounts for about 2.7% of Select Equity Group L.P.’s portfolio, making the stock its 13th biggest holding. Select Equity Group L.P. owned about 5.71% of Bright Horizons Family Solutions worth $339,432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Bright Horizons Family Solutions in the 1st quarter worth about $102,000. Quantbot Technologies LP increased its holdings in Bright Horizons Family Solutions by 243.6% in the 1st quarter. Quantbot Technologies LP now owns 1,412 shares of the company’s stock worth $140,000 after purchasing an additional 1,001 shares in the last quarter. Chicago Capital LLC acquired a new stake in shares of Bright Horizons Family Solutions in the second quarter valued at about $201,000. CIBC Asset Management Inc acquired a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at about $201,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Bright Horizons Family Solutions in the first quarter valued at about $228,000. 98.99% of the stock is owned by institutional investors and hedge funds.

In other news, COO Mary Lou Burke sold 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $118.87, for a total value of $130,757.00. Following the transaction, the chief operating officer now owns 30,946 shares in the company, valued at $3,678,551.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roger H. Brown sold 16,958 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $114.66, for a total value of $1,944,404.28. Following the completion of the transaction, the director now owns 4,442 shares in the company, valued at approximately $509,319.72. The disclosure for this sale can be found here. Insiders sold 53,017 shares of company stock worth $5,984,740 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Shares of NYSE:BFAM opened at $116.04 on Thursday. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 45.51, a PEG ratio of 2.66 and a beta of 0.12. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.34 and a current ratio of 0.34. Bright Horizons Family Solutions Inc has a 52-week low of $80.29 and a 52-week high of $120.07.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. The business had revenue of $490.00 million for the quarter, compared to analyst estimates of $486.63 million. Bright Horizons Family Solutions had a return on equity of 20.90% and a net margin of 8.77%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 earnings per share. equities research analysts anticipate that Bright Horizons Family Solutions Inc will post 2.92 earnings per share for the current year.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Monday, September 3rd. BMO Capital Markets increased their price target on Bright Horizons Family Solutions from $114.00 to $118.00 and gave the company a “market perform” rating in a research note on Monday, August 6th. Finally, Citigroup cut Bright Horizons Family Solutions from a “buy” rating to a “neutral” rating in a research note on Friday, August 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $104.91.

Bright Horizons Family Solutions Company Profile

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

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

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