Raiffeisen Bank International AG boosted its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 18.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,273 shares of the company’s stock after acquiring an additional 9,236 shares during the quarter. Raiffeisen Bank International AG owned 0.12% of Bright Horizons Family Solutions worth $4,131,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its stake in Bright Horizons Family Solutions by 98.8% during the first quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock worth $43,000 after purchasing an additional 167 shares during the last quarter. AG Campbell Advisory LLC bought a new position in shares of Bright Horizons Family Solutions in the 4th quarter valued at $41,000. Danske Bank A S bought a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $43,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Bright Horizons Family Solutions during the 2nd quarter worth $29,000. Finally, Fifth Third Bancorp raised its holdings in shares of Bright Horizons Family Solutions by 72.8% during the 4th quarter. Fifth Third Bancorp now owns 648 shares of the company’s stock worth $66,000 after buying an additional 273 shares in the last quarter.
Bright Horizons Family Solutions Stock Down 1.5%
Shares of NYSE:BFAM opened at $70.03 on Friday. Bright Horizons Family Solutions Inc. has a 52-week low of $57.63 and a 52-week high of $117.25. The company has a market capitalization of $3.41 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.09 and a beta of 1.15. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.48. The company has a fifty day moving average of $74.25 and a 200-day moving average of $73.66.
Insider Transactions at Bright Horizons Family Solutions
In other news, Director Mary Tocio sold 6,000 shares of Bright Horizons Family Solutions stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $72.65, for a total transaction of $435,900.00. Following the sale, the director directly owned 14,329 shares of the company’s stock, valued at approximately $1,041,001.85. This trade represents a 29.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Mary Burke sold 1,200 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $75.00, for a total value of $90,000.00. Following the sale, the chief operating officer owned 30,945 shares in the company, valued at approximately $2,320,875. This trade represents a 3.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,900 shares of company stock worth $656,584 over the last three months. Insiders own 1.42% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. Morgan Stanley reduced their price objective on Bright Horizons Family Solutions from $70.00 to $68.00 and set an “underweight” rating on the stock in a research note on Friday, July 31st. UBS Group boosted their target price on Bright Horizons Family Solutions from $87.00 to $88.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Bright Horizons Family Solutions presently has an average rating of “Hold” and an average price target of $95.88.
Get Our Latest Stock Report 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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