AMI Asset Management Corp Reduces Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

AMI Asset Management Corp reduced its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 7,730 shares of the company’s stock after selling 96 shares during the quarter. AMI Asset Management Corp’s holdings in Bright Horizons Family Solutions were worth $982,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of BFAM. SG Americas Securities LLC raised its holdings in shares of Bright Horizons Family Solutions by 355.6% during the 1st quarter. SG Americas Securities LLC now owns 11,139 shares of the company’s stock valued at $1,415,000 after buying an additional 8,694 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in shares of Bright Horizons Family Solutions by 62.8% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company’s stock valued at $787,000 after buying an additional 2,739 shares during the period. Barclays PLC raised its holdings in shares of Bright Horizons Family Solutions by 57.5% during the 4th quarter. Barclays PLC now owns 30,272 shares of the company’s stock valued at $3,355,000 after buying an additional 11,057 shares during the period. Merit Financial Group LLC raised its holdings in shares of Bright Horizons Family Solutions by 182.3% during the 1st quarter. Merit Financial Group LLC now owns 5,488 shares of the company’s stock valued at $697,000 after buying an additional 3,544 shares during the period. Finally, New York Life Investment Management LLC purchased a new stake in shares of Bright Horizons Family Solutions during the 4th quarter valued at about $679,000.

Bright Horizons Family Solutions Trading Down 1.8%

NYSE:BFAM opened at $121.33 on Thursday. Bright Horizons Family Solutions Inc. has a 12-month low of $103.75 and a 12-month high of $141.90. The firm has a market capitalization of $6.95 billion, a P/E ratio of 43.80 and a beta of 1.33. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.60 and a quick ratio of 0.60. The business has a 50 day simple moving average of $123.74 and a 200 day simple moving average of $120.92.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. Bright Horizons Family Solutions had a return on equity of 14.62% and a net margin of 5.91%. The business had revenue of $665.53 million during the quarter, compared to analyst estimates of $664.34 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director David H. Lissy sold 6,282 shares of the business’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $130.10, for a total transaction of $817,288.20. Following the completion of the transaction, the director now owns 69,312 shares in the company, valued at approximately $9,017,491.20. The trade was a 8.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mary Ann Tocio sold 2,500 shares of the business’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $128.49, for a total value of $321,225.00. Following the transaction, the director now owns 20,257 shares of the company’s stock, valued at $2,602,821.93. This trade represents a 10.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,282 shares of company stock worth $1,726,433 in the last 90 days. 1.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BFAM has been the topic of several analyst reports. Jefferies Financial Group downgraded Bright Horizons Family Solutions from a “buy” rating to a “hold” rating and dropped their target price for the company from $146.00 to $135.00 in a report on Monday. Morgan Stanley lifted their price objective on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an “underweight” rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.67.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.