Advisory Research Inc. Holds Stake in Bright Horizons Family Solutions Inc. (BFAM)

Advisory Research Inc. continued to hold its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 40,279 shares of the company’s stock at the end of the 2nd quarter. Advisory Research Inc. owned approximately 0.07% of Bright Horizons Family Solutions worth $2,920,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BFAM. Acrospire Investment Management LLC increased its holdings in shares of Bright Horizons Family Solutions by 250.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock worth $108,000 after buying an additional 1,000 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter worth approximately $123,000. Advisor Group Inc. increased its holdings in shares of Bright Horizons Family Solutions by 213.6% during the 2nd quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $152,000 after buying an additional 1,354 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Bright Horizons Family Solutions by 83.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,621 shares of the company’s stock worth $190,000 after buying an additional 1,193 shares during the last quarter. Finally, Connable Office Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter worth approximately $208,000. Institutional investors and hedge funds own 97.08% of the company’s stock.

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a report on Friday, September 15th. BidaskClub downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Citigroup Inc. reiterated a “buy” rating and issued a $92.00 target price (up previously from $90.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $85.00 target price (up previously from $83.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $85.83.

Bright Horizons Family Solutions Inc. (NYSE BFAM) traded up 0.18% during mid-day trading on Wednesday, reaching $85.64. 3,656 shares of the company traded hands. Bright Horizons Family Solutions Inc. has a 52-week low of $59.00 and a 52-week high of $88.13. The stock has a market capitalization of $5.07 billion, a PE ratio of 45.70 and a beta of 0.14. The stock has a 50-day moving average of $82.01 and a 200 day moving average of $78.03.

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

ILLEGAL ACTIVITY WARNING: “Advisory Research Inc. Holds Stake in Bright Horizons Family Solutions Inc. (BFAM)” was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://www.themarketsdaily.com/2017/10/11/advisory-research-inc-holds-stake-in-bright-horizons-family-solutions-inc-bfam.html.

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 6,666 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $79.11, for a total transaction of $527,347.26. Following the transaction, the director now owns 67,284 shares of the company’s stock, valued at $5,322,837.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Elizabeth J. Boland sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $82.33, for a total transaction of $823,300.00. Following the transaction, the chief financial officer now directly owns 150,717 shares in the company, valued at approximately $12,408,530.61. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,763 shares of company stock worth $4,920,470. 2.90% of the stock is currently owned by 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.

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

Receive News & Ratings for Bright Horizons Family Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply