Hsbc Holdings PLC lifted its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 117.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,098 shares of the company’s stock after purchasing an additional 34,574 shares during the quarter. Hsbc Holdings PLC’s holdings in Bright Horizons Family Solutions were worth $6,489,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC grew its position in Bright Horizons Family Solutions by 24.1% during the first quarter. NewEdge Advisors LLC now owns 6,750 shares of the company’s stock worth $858,000 after buying an additional 1,312 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Bright Horizons Family Solutions by 149.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 614,293 shares of the company’s stock valued at $78,040,000 after acquiring an additional 367,711 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Bright Horizons Family Solutions by 12.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,119 shares of the company’s stock valued at $24,788,000 after acquiring an additional 20,859 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Bright Horizons Family Solutions by 646.2% during the first quarter. Jane Street Group LLC now owns 59,643 shares of the company’s stock worth $7,577,000 after purchasing an additional 51,650 shares in the last quarter. Finally, Focus Partners Wealth increased its position in shares of Bright Horizons Family Solutions by 70.5% in the first quarter. Focus Partners Wealth now owns 4,516 shares of the company’s stock worth $574,000 after purchasing an additional 1,868 shares during the last quarter.
Bright Horizons Family Solutions Trading Down 2.0%
Shares of BFAM opened at $75.09 on Thursday. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.31 and a beta of 1.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.46 and a current ratio of 0.46. Bright Horizons Family Solutions Inc. has a fifty-two week low of $57.63 and a fifty-two week high of $130.76. The firm has a 50 day moving average price of $68.16 and a 200-day moving average price of $79.60.
Analysts Set New Price Targets
Several equities research analysts have issued reports on BFAM shares. Weiss Ratings lowered shares of Bright Horizons Family Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. dropped their price objective on shares of Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Finally, UBS Group reduced their target price on Bright Horizons Family Solutions from $93.00 to $88.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $96.12.
View Our Latest Stock Analysis on BFAM
Bright Horizons Family Solutions Company Profile
Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.
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