Bright Horizons Family Solutions (NYSE:BFAM) Sets New 52-Week Low – Here’s Why

Bright Horizons Family Solutions Inc. (NYSE:BFAM)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $89.43 and last traded at $89.7830, with a volume of 6252 shares trading hands. The stock had previously closed at $92.18.

Analyst Upgrades and Downgrades

Several analysts recently commented on BFAM shares. UBS Group reduced their target price on Bright Horizons Family Solutions from $120.00 to $107.00 and set a “neutral” rating on the stock in a report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Bright Horizons Family Solutions in a report on Monday, December 29th. Zacks Research lowered Bright Horizons Family Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. JPMorgan Chase & Co. increased their price target on Bright Horizons Family Solutions from $156.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Robert W. Baird set a $136.00 price objective on shares of Bright Horizons Family Solutions in a research note on Friday, October 31st. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $126.43.

Bright Horizons Family Solutions Stock Down 4.0%

The company has a market cap of $5.00 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 1.13 and a beta of 1.40. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a fifty day moving average price of $99.57 and a two-hundred day moving average price of $105.70.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new position in Bright Horizons Family Solutions during the fourth quarter worth about $259,000. Fifth Third Bancorp lifted its position 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. Conestoga Capital Advisors LLC boosted its stake in shares of Bright Horizons Family Solutions by 25.0% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,100,803 shares of the company’s stock worth $111,621,000 after buying an additional 220,223 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Bright Horizons Family Solutions by 13.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 21,636 shares of the company’s stock valued at $2,194,000 after acquiring an additional 2,567 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of Bright Horizons Family Solutions by 72.3% during the fourth quarter. M&T Bank Corp now owns 3,365 shares of the company’s stock valued at $342,000 after acquiring an additional 1,412 shares during the last quarter.

About Bright Horizons Family Solutions

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.