Ashfield Capital Partners LLC Sells 27,535 Shares of Bright Horizons Family Solutions Inc. (BFAM)

Ashfield Capital Partners LLC lessened its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 59.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,157 shares of the company’s stock after selling 27,535 shares during the quarter. Ashfield Capital Partners LLC’s holdings in Bright Horizons Family Solutions were worth $1,652,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Acrospire Investment Management LLC raised its stake in 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 period. Public Employees Retirement Association of Colorado acquired a new stake in Bright Horizons Family Solutions during the 2nd quarter worth $123,000. Advisor Group Inc. raised its stake in 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 period. Connable Office Inc. acquired a new stake in Bright Horizons Family Solutions during the 2nd quarter worth $208,000. Finally, Keybank National Association OH acquired a new stake in Bright Horizons Family Solutions during the 3rd quarter worth $221,000. 96.34% of the stock is currently owned by institutional investors and hedge funds.

In related news, COO Mary Lou Burke sold 750 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $79.85, for a total value of $59,887.50. Following the sale, the chief operating officer now owns 32,016 shares of the company’s stock, valued at $2,556,477.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David H. Lissy sold 79,112 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total value of $6,903,313.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,890 shares of company stock worth $12,339,729. 2.90% of the stock is owned by company insiders.

Bright Horizons Family Solutions Inc. (BFAM) traded down $0.39 on Thursday, hitting $86.19. The company’s stock had a trading volume of 273,500 shares, compared to its average volume of 280,250. Bright Horizons Family Solutions Inc. has a 1 year low of $65.00 and a 1 year high of $93.13. The firm has a market cap of $5,180.00, a P/E ratio of 36.38, a price-to-earnings-growth ratio of 1.74 and a beta of 0.13. 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 (NYSE:BFAM) last released its quarterly earnings results 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 return on equity of 19.72% and a net margin of 7.22%. The firm had revenue of $433.30 million for the quarter, compared to the consensus estimate of $429.36 million. During the same quarter last year, the business posted $0.49 EPS. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. research analysts expect that Bright Horizons Family Solutions Inc. will post 2.49 EPS for the current year.

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Several analysts recently commented on the company. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Tuesday, November 7th. Citigroup Inc. raised their price objective on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Robert W. Baird reaffirmed a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Friday, November 3rd. BMO Capital Markets reaffirmed a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, October 25th. Finally, Credit Suisse Group raised their price objective on Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $90.67.

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)

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