Oak Ridge Investments LLC Cuts Holdings in Bright Horizons Family Solutions Inc. (BFAM)

Oak Ridge Investments LLC cut its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 30.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 516,370 shares of the company’s stock after selling 223,818 shares during the quarter. Bright Horizons Family Solutions makes up 1.8% of Oak Ridge Investments LLC’s portfolio, making the stock its 7th largest holding. Oak Ridge Investments LLC owned about 0.87% of Bright Horizons Family Solutions worth $44,516,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Acrospire Investment Management LLC lifted its holdings in shares of Bright Horizons Family Solutions by 250.0% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock valued at $108,000 after acquiring an additional 1,000 shares during the period. Public Employees Retirement Association of Colorado bought a new position in shares of Bright Horizons Family Solutions during the second quarter valued at $123,000. Advisor Group Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 213.6% during the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock valued at $152,000 after acquiring an additional 1,354 shares during the period. Connable Office Inc. bought a new position in shares of Bright Horizons Family Solutions during the second quarter valued at $208,000. Finally, Keybank National Association OH bought a new position in shares of Bright Horizons Family Solutions during the third quarter valued at $221,000. 96.34% of the stock is owned by institutional investors.

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Shares of Bright Horizons Family Solutions Inc. (BFAM) traded down $0.39 on Thursday, reaching $86.19. The company’s stock had a trading volume of 273,500 shares, compared to its average volume of 280,250. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49. Bright Horizons Family Solutions Inc. has a 12-month low of $65.00 and a 12-month high of $93.13. The company has a market capitalization of $5,180.00, a PE ratio of 36.38, a P/E/G ratio of 1.74 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a return on equity of 19.72% and a net margin of 7.22%. The firm had revenue of $433.30 million for the quarter, compared to analysts’ expectations of $429.36 million. During the same quarter last year, the business earned $0.49 earnings per share. The company’s revenue was up 12.9% compared to the same quarter last year. equities analysts expect that Bright Horizons Family Solutions Inc. will post 2.49 earnings per share for the current fiscal year.

In other news, CFO Elizabeth J. Boland sold 29,681 shares of Bright Horizons Family Solutions stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $78.95, for a total transaction of $2,343,314.95. Following the transaction, the chief financial officer now owns 141,491 shares in the company, valued at approximately $11,170,714.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David H. Lissy sold 79,112 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total value of $6,903,313.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,890 shares of company stock worth $12,339,729. Company insiders own 2.90% of the company’s stock.

A number of analysts have recently weighed in on BFAM shares. Credit Suisse Group raised their target price on Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, August 4th. BMO Capital Markets restated a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, October 25th. BidaskClub upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $90.67.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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