Avior Wealth Management LLC Buys 261 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Avior Wealth Management LLC grew its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,439 shares of the company’s stock after acquiring an additional 261 shares during the period. Avior Wealth Management LLC’s holdings in Bright Horizons Family Solutions were worth $418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BFAM. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Bright Horizons Family Solutions during the first quarter worth $213,000. American Century Companies Inc. grew its stake in shares of Bright Horizons Family Solutions by 9.6% during the first quarter. American Century Companies Inc. now owns 1,885 shares of the company’s stock worth $250,000 after buying an additional 165 shares during the last quarter. Citigroup Inc. grew its stake in shares of Bright Horizons Family Solutions by 70.4% during the first quarter. Citigroup Inc. now owns 9,624 shares of the company’s stock worth $1,277,000 after buying an additional 3,975 shares during the last quarter. MetLife Investment Management LLC bought a new stake in shares of Bright Horizons Family Solutions in the first quarter worth $444,000. Finally, Raymond James Trust N.A. grew its stake in shares of Bright Horizons Family Solutions by 12.5% in the first quarter. Raymond James Trust N.A. now owns 3,972 shares of the company’s stock worth $527,000 after purchasing an additional 440 shares during the last quarter.

Bright Horizons Family Solutions Price Performance

BFAM stock opened at $103.72 on Friday. The company’s fifty day simple moving average is $111.01 and its 200 day simple moving average is $96.79. Bright Horizons Family Solutions Inc. has a 12-month low of $71.65 and a 12-month high of $119.21. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 81.67, a PEG ratio of 4.03 and a beta of 1.37. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.78.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.12. Bright Horizons Family Solutions had a net margin of 3.07% and a return on equity of 12.24%. The firm had revenue of $615.65 million for the quarter, compared to analyst estimates of $588.63 million. On average, analysts expect that Bright Horizons Family Solutions Inc. will post 2.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BFAM. StockNews.com cut shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. BMO Capital Markets boosted their price objective on shares of Bright Horizons Family Solutions from $90.00 to $92.00 and gave the stock a “market perform” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. boosted their price objective on shares of Bright Horizons Family Solutions from $93.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Robert W. Baird boosted their price objective on shares of Bright Horizons Family Solutions from $94.00 to $105.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, The Goldman Sachs Group boosted their price objective on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $102.38.

Insider Activity

In other news, CFO Elizabeth J. Boland sold 15,640 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the transaction, the chief financial officer now owns 89,983 shares in the company, valued at $10,237,365.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Elizabeth J. Boland sold 15,640 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the completion of the sale, the chief financial officer now directly owns 89,983 shares of the company’s stock, valued at $10,237,365.91. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Mary Lou Burke sold 600 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $98.88, for a total transaction of $59,328.00. Following the sale, the chief operating officer now directly owns 38,753 shares of the company’s stock, valued at $3,831,896.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,740 shares of company stock worth $1,996,191. Company insiders own 1.28% of the company’s stock.

About Bright Horizons Family Solutions

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.