Stoneridge Investment Partners LLC lowered its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 57.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,742 shares of the company’s stock after selling 14,592 shares during the period. Stoneridge Investment Partners LLC’s holdings in Bright Horizons Family Solutions were worth $829,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado bought a new stake in shares of Bright Horizons Family Solutions during the second quarter valued at about $123,000. FTB Advisors Inc. boosted its stake in shares of Bright Horizons Family Solutions by 106.7% in the first quarter. FTB Advisors Inc. now owns 1,660 shares of the company’s stock valued at $126,000 after buying an additional 857 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Bright Horizons Family Solutions by 83.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,621 shares of the company’s stock valued at $190,000 after buying an additional 1,193 shares in the last quarter. Atria Investments LLC bought a new stake in shares of Bright Horizons Family Solutions during the first quarter valued at about $238,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Bright Horizons Family Solutions during the first quarter valued at about $256,000. 98.81% of the stock is owned by institutional investors.

Shares of Bright Horizons Family Solutions Inc. (BFAM) opened at 79.29 on Friday. The stock has a market capitalization of $4.69 billion, a PE ratio of 42.31 and a beta of 0.12. The company’s 50-day moving average is $78.21 and its 200-day moving average is $74.32. Bright Horizons Family Solutions Inc. has a 12 month low of $59.00 and a 12 month high of $82.00.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.03. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The company had revenue of $445.55 million for the quarter, compared to analyst estimates of $443.90 million. During the same quarter in the prior year, the business posted $0.61 EPS. Bright Horizons Family Solutions’s quarterly revenue was up 10.8% on a year-over-year basis. Equities research analysts expect that Bright Horizons Family Solutions Inc. will post $2.64 earnings per share for the current fiscal year.

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BFAM has been the subject of a number of research reports. Credit Suisse Group reaffirmed an “outperform” rating and set a $80.00 price target on shares of Bright Horizons Family Solutions in a research report on Monday, April 17th. BMO Capital Markets reaffirmed a “hold” rating and set a $83.00 price target on shares of Bright Horizons Family Solutions in a research report on Monday, May 15th. Citigroup Inc. initiated coverage on shares of Bright Horizons Family Solutions in a research report on Tuesday, July 18th. They set a “buy” rating and a $90.00 price target for the company. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Friday, August 4th. Finally, BidaskClub cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $81.75.

In related news, Director Mary Ann Tocio sold 6,666 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $79.11, for a total value of $527,347.26. Following the transaction, the director now directly owns 67,284 shares in the company, valued at approximately $5,322,837.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $79.98, for a total transaction of $79,980.00. Following the completion of the transaction, the chief operating officer now owns 32,266 shares in the company, valued at $2,580,634.68. The disclosure for this sale can be found here. Insiders sold a total of 4,193,394 shares of company stock worth $332,246,231 over the last quarter. 2.90% of the stock is currently owned by company insiders.

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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