Eqis Capital Management Inc. Buys 184 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Eqis Capital Management Inc. lifted its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,141 shares of the company’s stock after acquiring an additional 184 shares during the period. Eqis Capital Management Inc.’s holdings in Bright Horizons Family Solutions were worth $478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. purchased a new position in Bright Horizons Family Solutions during the 3rd quarter worth $32,000. Toronto Dominion Bank grew its stake in Bright Horizons Family Solutions by 51.4% during the 2nd quarter. Toronto Dominion Bank now owns 371 shares of the company’s stock worth $44,000 after buying an additional 126 shares during the last quarter. Private Capital Group LLC grew its stake in Bright Horizons Family Solutions by 508.8% during the 2nd quarter. Private Capital Group LLC now owns 487 shares of the company’s stock worth $57,000 after buying an additional 407 shares during the last quarter. Psagot Investment House Ltd. purchased a new position in Bright Horizons Family Solutions during the 3rd quarter worth $64,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Bright Horizons Family Solutions during the 2nd quarter worth $75,000. 96.29% of the stock is owned by hedge funds and other institutional investors.

Several research firms have weighed in on BFAM. Jefferies Financial Group boosted their price target on Bright Horizons Family Solutions from $165.00 to $181.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Robert W. Baird downgraded Bright Horizons Family Solutions from an “outperform” rating to a “neutral” rating and set a $150.00 price target on the stock. in a research note on Monday, November 2nd. BMO Capital Markets downgraded Bright Horizons Family Solutions from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $127.00 to $150.00 in a research note on Tuesday, October 6th. Morgan Stanley boosted their price target on Bright Horizons Family Solutions from $125.00 to $136.00 and gave the company an “equal weight” rating in a research note on Monday, November 9th. Finally, Zacks Investment Research upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $137.86.

In related news, CFO Elizabeth J. Boland sold 3,360 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $136.91, for a total value of $460,017.60. Following the completion of the transaction, the chief financial officer now owns 110,938 shares of the company’s stock, valued at approximately $15,188,521.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David H. Lissy sold 25,000 shares of the company’s stock in a transaction dated Friday, November 13th. The stock was sold at an average price of $166.36, for a total value of $4,159,000.00. Following the completion of the transaction, the director now directly owns 252,673 shares of the company’s stock, valued at approximately $42,034,680.28. The disclosure for this sale can be found here. In the last three months, insiders sold 40,380 shares of company stock valued at $6,525,127. Insiders own 1.60% of the company’s stock.

Shares of BFAM stock opened at $167.12 on Friday. The stock has a market cap of $10.12 billion, a PE ratio of 135.87, a price-to-earnings-growth ratio of 52.05 and a beta of 0.85. The business has a 50-day simple moving average of $159.80 and a 200-day simple moving average of $131.10. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.83. Bright Horizons Family Solutions Inc. has a 52-week low of $64.23 and a 52-week high of $177.16.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.49) by $0.51. The business had revenue of $337.90 million during the quarter, compared to analysts’ expectations of $312.51 million. Bright Horizons Family Solutions had a return on equity of 10.63% and a net margin of 4.35%. The company’s revenue for the quarter was down 34.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 EPS. Sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 0.56 earnings per share for the current fiscal year.

Bright Horizons Family Solutions Company Profile

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

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

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