CIBC Private Wealth Group LLC Sells 1,648 Shares of Bright Horizons Family Solutions Inc (BFAM)

CIBC Private Wealth Group LLC trimmed its holdings in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 939,030 shares of the company’s stock after selling 1,648 shares during the period. CIBC Private Wealth Group LLC owned 1.62% of Bright Horizons Family Solutions worth $104,655,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its stake in Bright Horizons Family Solutions by 1,829.1% during the second quarter. Advisors Asset Management Inc. now owns 9,414 shares of the company’s stock worth $171,000 after buying an additional 8,926 shares during the period. Northern Trust Corp boosted its stake in Bright Horizons Family Solutions by 7.4% during the second quarter. Northern Trust Corp now owns 317,712 shares of the company’s stock worth $32,572,000 after buying an additional 21,939 shares during the period. United Services Automobile Association boosted its stake in Bright Horizons Family Solutions by 16.9% during the second quarter. United Services Automobile Association now owns 9,356 shares of the company’s stock worth $959,000 after buying an additional 1,352 shares during the period. State of Alaska Department of Revenue boosted its stake in Bright Horizons Family Solutions by 11.7% during the third quarter. State of Alaska Department of Revenue now owns 17,689 shares of the company’s stock worth $2,083,000 after buying an additional 1,849 shares during the period. Finally, First Hawaiian Bank purchased a new position in Bright Horizons Family Solutions during the third quarter worth about $158,000. Hedge funds and other institutional investors own 97.43% of the company’s stock.

Several research firms have recently commented on BFAM. Bank of America began coverage on shares of Bright Horizons Family Solutions in a research note on Tuesday, October 23rd. They issued a “neutral” rating and a $118.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of Bright Horizons Family Solutions from $121.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 2nd. BMO Capital Markets lowered their price objective on shares of Bright Horizons Family Solutions from $123.00 to $120.00 and set a “market perform” rating for the company in a research note on Tuesday, November 6th. Barclays raised their price objective on shares of Bright Horizons Family Solutions from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 2nd. Finally, Robert W. Baird raised their price objective on shares of Bright Horizons Family Solutions from $115.00 to $122.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Bright Horizons Family Solutions currently has a consensus rating of “Hold” and a consensus price target of $117.11.

In other Bright Horizons Family Solutions news, CEO Stephen Howard Kramer sold 3,000 shares of the business’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $116.61, for a total transaction of $349,830.00. Following the sale, the chief executive officer now directly owns 94,400 shares in the company, valued at approximately $11,007,984. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director E Townes Duncan sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $117.39, for a total transaction of $234,780.00. The disclosure for this sale can be found here. Insiders have sold a total of 35,645 shares of company stock worth $4,304,405 over the last 90 days. Insiders own 2.20% of the company’s stock.

NYSE:BFAM opened at $117.92 on Monday. Bright Horizons Family Solutions Inc has a 1-year low of $91.29 and a 1-year high of $123.93. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market capitalization of $6.85 billion, a P/E ratio of 46.24 and a beta of 0.35.

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Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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

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