Bright Horizons Family Solutions (BFAM) Shares Sold by RMB Capital Management LLC

RMB Capital Management LLC cut its stake in Bright Horizons Family Solutions (NYSE:BFAM) by 17.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 136,645 shares of the company’s stock after selling 28,515 shares during the period. RMB Capital Management LLC owned approximately 0.24% of Bright Horizons Family Solutions worth $13,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Carillon Tower Advisers Inc. boosted its stake in shares of Bright Horizons Family Solutions by 29.1% during the 1st quarter. Carillon Tower Advisers Inc. now owns 653,678 shares of the company’s stock worth $44,386,000 after buying an additional 147,464 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Bright Horizons Family Solutions by 87.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 59,237 shares of the company’s stock worth $5,908,000 after buying an additional 27,714 shares during the last quarter. Chilton Investment Co. LLC boosted its stake in shares of Bright Horizons Family Solutions by 40.6% during the 1st quarter. Chilton Investment Co. LLC now owns 249,520 shares of the company’s stock worth $24,882,000 after buying an additional 72,005 shares during the last quarter. Bishop Rock Capital L.P. boosted its stake in shares of Bright Horizons Family Solutions by 4.7% during the 1st quarter. Bishop Rock Capital L.P. now owns 52,093 shares of the company’s stock worth $5,195,000 after buying an additional 2,347 shares during the last quarter. Finally, Citadel Advisors LLC boosted its stake in shares of Bright Horizons Family Solutions by 7,843.1% during the 1st quarter. Citadel Advisors LLC now owns 173,794 shares of the company’s stock worth $17,331,000 after buying an additional 171,606 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on BFAM shares. Goldman Sachs Group started coverage on shares of Bright Horizons Family Solutions in a research note on Tuesday, March 27th. They set a “neutral” rating and a $104.00 price objective for the company. Credit Suisse Group increased their price objective on shares of Bright Horizons Family Solutions from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. ValuEngine upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. BMO Capital Markets reduced their price objective on shares of Bright Horizons Family Solutions from $107.00 to $105.00 and set a “market perform” rating for the company in a research note on Tuesday, May 1st. Finally, Zacks Investment Research downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $103.73.

Shares of BFAM stock opened at $105.77 on Thursday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $5.96 billion, a PE ratio of 41.48, a PEG ratio of 2.32 and a beta of 0.08. Bright Horizons Family Solutions has a 52-week low of $75.65 and a 52-week high of $105.93.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Monday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.01. The company had revenue of $463.66 million for the quarter, compared to analysts’ expectations of $461.15 million. Bright Horizons Family Solutions had a net margin of 8.58% and a return on equity of 21.28%. Bright Horizons Family Solutions’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS. equities analysts forecast that Bright Horizons Family Solutions will post 2.96 earnings per share for the current year.

In other Bright Horizons Family Solutions news, CEO Stephen Howard Kramer sold 2,961 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $99.61, for a total value of $294,945.21. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mandy Berman sold 500 shares of the stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $99.85, for a total transaction of $49,925.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 158,113 shares of company stock worth $16,058,568. 2.20% of the stock is owned by insiders.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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

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