SG Americas Securities LLC Acquires New Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

SG Americas Securities LLC acquired a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,866 shares of the company’s stock, valued at approximately $176,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 4.1% in the third quarter. American Century Companies Inc. now owns 3,059 shares of the company’s stock valued at $249,000 after purchasing an additional 121 shares in the last quarter. Graham Capital Management L.P. bought a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at approximately $2,917,000. Comerica Bank acquired a new position in Bright Horizons Family Solutions during the 3rd quarter worth approximately $10,590,000. The Manufacturers Life Insurance Company acquired a new position in Bright Horizons Family Solutions during the 3rd quarter worth approximately $715,000. Finally, GSA Capital Partners LLP bought a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $271,000.

Analyst Ratings Changes

A number of research firms have recently issued reports on BFAM. StockNews.com downgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Barclays upgraded shares of Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $100.00 to $125.00 in a report on Wednesday, February 28th. UBS Group lowered their price objective on shares of Bright Horizons Family Solutions from $103.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. The Goldman Sachs Group lifted their price objective on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Bright Horizons Family Solutions from $93.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of “Hold” and an average price target of $102.38.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,500 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total value of $157,500.00. Following the transaction, the chief operating officer now directly owns 37,253 shares in the company, valued at $3,911,565. The transaction was disclosed in a filing with the SEC, 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 value of $1,779,362.80. Following the completion of the sale, the chief financial officer now owns 89,983 shares of the company’s stock, valued at $10,237,365.91. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Mary Lou Burke sold 1,500 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief operating officer now directly owns 37,253 shares of the company’s stock, valued at approximately $3,911,565. The disclosure for this sale can be found here. Insiders have sold a total of 17,740 shares of company stock worth $1,996,191 over the last ninety days. Insiders own 1.28% of the company’s stock.

Bright Horizons Family Solutions Price Performance

Shares of BFAM opened at $109.17 on Monday. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 85.96, a PEG ratio of 4.20 and a beta of 1.37. Bright Horizons Family Solutions Inc. has a 1-year low of $71.65 and a 1-year high of $119.21. The company’s fifty day simple moving average is $110.52 and its 200 day simple moving average is $96.36. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.78.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.74 EPS 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 the consensus estimate of $588.63 million. On average, research analysts forecast that Bright Horizons Family Solutions Inc. will post 2.69 earnings per share for the current fiscal year.

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.