Paralel Advisors LLC bought a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 28,085 shares of the company’s stock, valued at approximately $1,991,000. Paralel Advisors LLC owned 0.06% of Bright Horizons Family Solutions at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Bright Horizons Family Solutions during the 2nd quarter worth $452,317,000. Goldman Sachs Group Inc. raised its position in Bright Horizons Family Solutions by 23.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,026,442 shares of the company’s stock valued at $306,881,000 after purchasing an additional 582,976 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter worth about $191,952,000. Capital World Investors lifted its stake in shares of Bright Horizons Family Solutions by 16.9% during the fourth quarter. Capital World Investors now owns 1,779,738 shares of the company’s stock worth $180,465,000 after purchasing an additional 257,813 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Bright Horizons Family Solutions by 64.4% in the fourth quarter. AQR Capital Management LLC now owns 1,579,757 shares of the company’s stock worth $160,124,000 after buying an additional 619,067 shares during the period.
Bright Horizons Family Solutions Stock Performance
NYSE:BFAM opened at $73.62 on Friday. The firm has a 50-day moving average of $72.57 and a two-hundred day moving average of $74.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.48 and a quick ratio of 0.48. The stock has a market cap of $3.58 billion, a P/E ratio of 23.30, a PEG ratio of 1.12 and a beta of 1.14. Bright Horizons Family Solutions Inc. has a 1-year low of $57.63 and a 1-year high of $124.25.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. UBS Group increased their target price on Bright Horizons Family Solutions from $87.00 to $88.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. reduced their price target on Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Morgan Stanley decreased their price target on Bright Horizons Family Solutions from $70.00 to $68.00 and set an “underweight” rating for the company in a report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, July 29th. Four 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $95.88.
Check Out Our Latest Report on Bright Horizons Family Solutions
Insider Transactions at Bright Horizons Family Solutions
In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $75.57, for a total value of $90,684.00. Following the transaction, the chief operating officer directly owned 32,145 shares of the company’s stock, valued at $2,429,197.65. This represents a 3.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.42% of the stock is owned by corporate insiders.
Bright Horizons Family Solutions 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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