Pathstone Holdings LLC Raises Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Pathstone Holdings LLC boosted its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 4.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 28,766 shares of the company’s stock after acquiring an additional 1,274 shares during the period. Pathstone Holdings LLC’s holdings in Bright Horizons Family Solutions were worth $4,031,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BFAM. Millennium Management LLC purchased a new stake in Bright Horizons Family Solutions during the 2nd quarter worth about $28,995,000. Point72 Asset Management L.P. increased its holdings in Bright Horizons Family Solutions by 64.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock worth $62,792,000 after purchasing an additional 222,823 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Bright Horizons Family Solutions by 174.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock worth $48,260,000 after acquiring an additional 218,707 shares in the last quarter. TimesSquare Capital Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $13,639,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Bright Horizons Family Solutions by 3.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,757,594 shares of the company’s stock worth $303,556,000 after acquiring an additional 87,256 shares in the last quarter.

Bright Horizons Family Solutions Stock Up 1.8 %

Shares of NYSE BFAM opened at $113.08 on Friday. The stock has a market cap of $6.58 billion, a PE ratio of 56.82 and a beta of 1.49. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 52-week low of $86.79 and a 52-week high of $141.90. The business has a 50-day moving average price of $128.51 and a 200 day moving average price of $122.45.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The firm had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current year.

Analyst Upgrades and Downgrades

BFAM has been the subject of several analyst reports. Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective for the company in a research report on Friday. Barclays upped their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, UBS Group upped their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.50.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the sale, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This represents a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.22% of the stock is owned by company insiders.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.