Merit Financial Group LLC grew its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 146.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,597 shares of the company’s stock after buying an additional 7,486 shares during the period. Merit Financial Group LLC’s holdings in Bright Horizons Family Solutions were worth $1,277,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the business. Financial Consulate Inc. bought a new stake in Bright Horizons Family Solutions during the third quarter worth approximately $26,000. TruNorth Capital Management LLC bought a new stake in Bright Horizons Family Solutions during the third quarter worth approximately $28,000. Rothschild Investment LLC raised its holdings in Bright Horizons Family Solutions by 6,700.0% during the third quarter. Rothschild Investment LLC now owns 340 shares of the company’s stock worth $37,000 after purchasing an additional 335 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in Bright Horizons Family Solutions by 9,075.0% during the third quarter. SJS Investment Consulting Inc. now owns 367 shares of the company’s stock worth $40,000 after purchasing an additional 363 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Bright Horizons Family Solutions by 34.4% during the fourth quarter. Signaturefd LLC now owns 426 shares of the company’s stock worth $43,000 after purchasing an additional 109 shares in the last quarter.
Bright Horizons Family Solutions Price Performance
NYSE BFAM opened at $81.48 on Friday. The stock has a market capitalization of $4.30 billion, a P/E ratio of 24.25, a P/E/G ratio of 1.43 and a beta of 1.31. Bright Horizons Family Solutions Inc. has a 1 year low of $63.68 and a 1 year high of $132.99. The business’s fifty day moving average is $78.20 and its two-hundred day moving average is $91.39. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.52 and a current ratio of 0.52.
Analyst Ratings Changes
Several research firms have issued reports on BFAM. Barclays dropped their price target on Bright Horizons Family Solutions from $160.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, February 17th. UBS Group set a $93.00 price target on Bright Horizons Family Solutions in a report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bright Horizons Family Solutions in a report on Monday, December 29th. Robert W. Baird set a $100.00 price target on Bright Horizons Family Solutions in a report on Friday, February 13th. Finally, Morgan Stanley set a $70.00 price target on Bright Horizons Family Solutions in a report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $107.11.
Get Our Latest Stock Report on BFAM
About Bright Horizons Family Solutions
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.
See Also
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