Goldman Sachs Group Inc. grew its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 23.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,026,442 shares of the company’s stock after buying an additional 582,976 shares during the quarter. Goldman Sachs Group Inc. owned 0.05% of Bright Horizons Family Solutions worth $306,881,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in BFAM. Rothschild Investment LLC raised its position in Bright Horizons Family Solutions by 6,700.0% in the 3rd quarter. Rothschild Investment LLC now owns 340 shares of the company’s stock worth $37,000 after purchasing an additional 335 shares during the period. Geneos Wealth Management Inc. grew its holdings in Bright Horizons Family Solutions by 98.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock worth $43,000 after acquiring an additional 167 shares during the last quarter. Danske Bank A S bought a new stake in Bright Horizons Family Solutions in the 3rd quarter worth $43,000. Signaturefd LLC grew its holdings in Bright Horizons Family Solutions by 34.4% in the 4th quarter. Signaturefd LLC now owns 426 shares of the company’s stock worth $43,000 after acquiring an additional 109 shares during the last quarter. Finally, True Wealth Design LLC grew its holdings in Bright Horizons Family Solutions by 214.4% in the 4th quarter. True Wealth Design LLC now owns 547 shares of the company’s stock worth $55,000 after acquiring an additional 373 shares during the last quarter.
Bright Horizons Family Solutions Stock Performance
Shares of NYSE BFAM opened at $62.35 on Friday. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18. Bright Horizons Family Solutions Inc. has a 12-month low of $57.63 and a 12-month high of $130.76. The firm has a 50 day moving average of $74.93 and a 200 day moving average of $85.12. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on BFAM shares. UBS Group cut their target price on shares of Bright Horizons Family Solutions from $93.00 to $88.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings cut shares of Bright Horizons Family Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. JPMorgan Chase & Co. decreased their target price on shares of Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $99.00 price objective on shares of Bright Horizons Family Solutions and gave the company a “hold” rating in a report on Friday, February 13th. Finally, Morgan Stanley set a $70.00 price objective on shares of Bright Horizons Family Solutions in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Bright Horizons Family Solutions presently has an average rating of “Hold” and a consensus price target of $100.44.
Read Our Latest Analysis on Bright Horizons Family Solutions
Bright Horizons Family Solutions Company Profile
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.
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