Driehaus Capital Management LLC Reduces Stake in Bright Horizons Family Solutions Inc (BFAM)

Driehaus Capital Management LLC reduced its position in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 6.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,823 shares of the company’s stock after selling 1,258 shares during the period. Driehaus Capital Management LLC’s holdings in Bright Horizons Family Solutions were worth $1,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in BFAM. Atlantic Trust Group LLC purchased a new position in shares of Bright Horizons Family Solutions in the 3rd quarter worth $59,732,000. Carillon Tower Advisers Inc. purchased a new position in shares of Bright Horizons Family Solutions in the 4th quarter worth $47,584,000. JPMorgan Chase & Co. boosted its stake in shares of Bright Horizons Family Solutions by 44.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,002,318 shares of the company’s stock worth $85,938,000 after buying an additional 310,160 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Bright Horizons Family Solutions by 9.1% in the 4th quarter. Alliancebernstein L.P. now owns 2,176,000 shares of the company’s stock worth $204,544,000 after buying an additional 182,060 shares during the last quarter. Finally, Chilton Investment Co. LLC purchased a new position in shares of Bright Horizons Family Solutions in the 4th quarter worth $16,686,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Bright Horizons Family Solutions Inc (NYSE:BFAM) opened at $100.35 on Tuesday. The firm has a market capitalization of $5,874.17, a price-to-earnings ratio of 39.33, a P/E/G ratio of 2.28 and a beta of 0.19. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.40. Bright Horizons Family Solutions Inc has a 52-week low of $68.32 and a 52-week high of $100.82.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, February 8th. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.04. The company had revenue of $440.00 million for the quarter, compared to the consensus estimate of $438.99 million. Bright Horizons Family Solutions had a return on equity of 20.69% and a net margin of 9.02%. Bright Horizons Family Solutions’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 earnings per share. equities analysts anticipate that Bright Horizons Family Solutions Inc will post 2.93 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on BFAM shares. Citigroup raised their price target on Bright Horizons Family Solutions to $107.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Barclays restated a “buy” rating and issued a $105.00 price target on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 27th. Royal Bank of Canada restated a “buy” rating and issued a $89.00 price target on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 20th. BMO Capital Markets restated a “hold” rating and issued a $98.00 price target on shares of Bright Horizons Family Solutions in a research note on Wednesday, January 17th. Finally, Robert W. Baird restated a “hold” rating and issued a $100.00 price target on shares of Bright Horizons Family Solutions in a research note on Tuesday, January 9th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Bright Horizons Family Solutions has a consensus rating of “Hold” and an average target price of $100.13.

In related news, CEO Stephen Howard Kramer sold 2,962 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $95.35, for a total transaction of $282,426.70. Following the transaction, the chief executive officer now directly owns 110,323 shares in the company, valued at $10,519,298.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda A. Mason sold 10,034 shares of Bright Horizons Family Solutions stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $98.30, for a total value of $986,342.20. Following the transaction, the director now owns 10,552 shares in the company, valued at $1,037,261.60. The disclosure for this sale can be found here. Insiders have sold 55,474 shares of company stock worth $5,315,919 over the last quarter. 2.90% of the stock is owned by company insiders.

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Bright Horizons Family Solutions 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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