Kelly Lawrence W & Associates Inc. CA Cuts Position in Bright Horizons Family Solutions Inc (NYSE:BFAM)

Kelly Lawrence W & Associates Inc. CA lessened its holdings in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 0.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 127,535 shares of the company’s stock after selling 1,170 shares during the quarter. Bright Horizons Family Solutions comprises 3.3% of Kelly Lawrence W & Associates Inc. CA’s portfolio, making the stock its 12th largest position. Kelly Lawrence W & Associates Inc. CA owned approximately 0.22% of Bright Horizons Family Solutions worth $19,241,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BFAM. Invesco Ltd. lifted its stake in shares of Bright Horizons Family Solutions by 144.6% in the second quarter. Invesco Ltd. now owns 1,262,277 shares of the company’s stock worth $190,440,000 after buying an additional 746,259 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Bright Horizons Family Solutions by 51.6% in the first quarter. Marshall Wace LLP now owns 705,514 shares of the company’s stock worth $89,678,000 after buying an additional 240,178 shares in the last quarter. AJO LP lifted its stake in shares of Bright Horizons Family Solutions by 148.8% in the first quarter. AJO LP now owns 312,367 shares of the company’s stock worth $39,705,000 after buying an additional 186,817 shares in the last quarter. AXA lifted its stake in shares of Bright Horizons Family Solutions by 164.9% in the second quarter. AXA now owns 245,290 shares of the company’s stock worth $37,007,000 after buying an additional 152,704 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Bright Horizons Family Solutions by 4.9% in the second quarter. BlackRock Inc. now owns 3,182,061 shares of the company’s stock worth $480,078,000 after buying an additional 148,834 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

In other Bright Horizons Family Solutions news, EVP Stephen I. Dreier sold 2,768 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $166.75, for a total transaction of $461,564.00. Following the completion of the sale, the executive vice president now directly owns 41,023 shares of the company’s stock, valued at $6,840,585.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Roger H. Brown sold 4,700 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $148.66, for a total transaction of $698,702.00. Following the sale, the director now directly owns 13,227 shares of the company’s stock, valued at $1,966,325.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,827 shares of company stock valued at $10,377,568. 1.90% of the stock is owned by corporate insiders.

BFAM has been the topic of several analyst reports. ValuEngine downgraded shares of Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Goldman Sachs Group upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a research report on Thursday, June 20th. BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $152.00 to $166.00 in a research report on Wednesday, September 11th. Finally, Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Bright Horizons Family Solutions presently has a consensus rating of “Buy” and an average target price of $136.57.

Bright Horizons Family Solutions stock traded up $0.27 during midday trading on Wednesday, reaching $159.68. 3,152 shares of the company traded hands, compared to its average volume of 306,082. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 52.64, a price-to-earnings-growth ratio of 4.52 and a beta of 0.29. The business has a 50 day moving average of $158.68 and a two-hundred day moving average of $141.63. Bright Horizons Family Solutions Inc has a 12 month low of $105.15 and a 12 month high of $168.28. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.41 and a quick ratio of 0.41.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.92 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.92. The company had revenue of $528.06 million for the quarter, compared to the consensus estimate of $531.13 million. Bright Horizons Family Solutions had a net margin of 8.67% and a return on equity of 23.29%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 earnings per share. As a group, equities analysts forecast that Bright Horizons Family Solutions Inc will post 3.4 EPS for the current year.

Bright Horizons Family Solutions Company Profile

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

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

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