Advisor Group Holdings Inc. Trims Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Advisor Group Holdings Inc. decreased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAMGet Rating) by 8.2% during the first quarter, Holdings Channel reports. The institutional investor owned 22,476 shares of the company’s stock after selling 2,011 shares during the period. Advisor Group Holdings Inc.’s holdings in Bright Horizons Family Solutions were worth $7,123,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Confluence Wealth Services Inc. purchased a new stake in shares of Bright Horizons Family Solutions in the fourth quarter valued at $26,000. CWM LLC grew its position in shares of Bright Horizons Family Solutions by 58.0% during the 1st quarter. CWM LLC now owns 248 shares of the company’s stock worth $33,000 after buying an additional 91 shares in the last quarter. Okabena Investment Services Inc. purchased a new position in Bright Horizons Family Solutions during the 4th quarter valued at about $35,000. Daiwa Securities Group Inc. increased its holdings in Bright Horizons Family Solutions by 65.9% during the first quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock valued at $45,000 after buying an additional 135 shares during the period. Finally, Signaturefd LLC raised its position in shares of Bright Horizons Family Solutions by 31.0% in the 1st quarter. Signaturefd LLC now owns 385 shares of the company’s stock worth $51,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 98.60% of the company’s stock.

Bright Horizons Family Solutions Trading Down 1.6 %

BFAM opened at $78.51 on Friday. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 53.05 and a beta of 0.98. The business’s 50 day moving average is $85.27 and its two-hundred day moving average is $108.77. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.83. Bright Horizons Family Solutions Inc. has a 52 week low of $71.38 and a 52 week high of $171.91.

Bright Horizons Family Solutions (NYSE:BFAMGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.62 by $0.09. Bright Horizons Family Solutions had a return on equity of 10.53% and a net margin of 4.74%. During the same period in the previous year, the company posted $0.41 earnings per share. On average, research analysts predict that Bright Horizons Family Solutions Inc. will post 2.77 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Morgan Stanley lowered their price objective on Bright Horizons Family Solutions from $83.00 to $77.00 and set an “underweight” rating for the company in a research report on Wednesday. BMO Capital Markets cut their price objective on shares of Bright Horizons Family Solutions from $112.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday. Barclays decreased their price target on Bright Horizons Family Solutions from $130.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday. Robert W. Baird cut their price target on Bright Horizons Family Solutions from $115.00 to $83.00 in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Bright Horizons Family Solutions from $91.00 to $77.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $101.71.

Bright Horizons Family Solutions Company Profile

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

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

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