Advisor Group Holdings Inc. Purchases 1,866 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Advisor Group Holdings Inc. raised its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 9.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 22,266 shares of the company’s stock after acquiring an additional 1,866 shares during the period. Advisor Group Holdings Inc.’s holdings in Bright Horizons Family Solutions were worth $3,106,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC bought a new stake in Bright Horizons Family Solutions during the 2nd quarter valued at approximately $30,000. Dark Forest Capital Management LP bought a new stake in shares of Bright Horizons Family Solutions in the 2nd quarter worth approximately $45,000. Koshinski Asset Management Inc. bought a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter worth approximately $50,000. Psagot Investment House Ltd. bought a new stake in shares of Bright Horizons Family Solutions in the 2nd quarter worth approximately $74,000. Finally, Ellevest Inc. boosted its position in shares of Bright Horizons Family Solutions by 13.1% in the 3rd quarter. Ellevest Inc. now owns 568 shares of the company’s stock worth $79,000 after purchasing an additional 66 shares in the last quarter. 97.67% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on BFAM. Barclays dropped their price target on Bright Horizons Family Solutions from $180.00 to $155.00 and set an “overweight” rating on the stock in a research report on Monday, December 13th. Morgan Stanley dropped their price target on Bright Horizons Family Solutions from $111.00 to $109.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 5th. Finally, Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Friday, December 17th. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $165.33.

Shares of NYSE BFAM opened at $129.43 on Friday. Bright Horizons Family Solutions Inc. has a twelve month low of $113.41 and a twelve month high of $182.50. The firm has a market cap of $7.81 billion, a P/E ratio of 142.23 and a beta of 0.96. The company has a 50 day moving average of $125.87 and a 200 day moving average of $141.63. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.80.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Tuesday, November 2nd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. The company had revenue of $460.33 million during the quarter, compared to analyst estimates of $485.45 million. Bright Horizons Family Solutions had a net margin of 3.31% and a return on equity of 6.69%. During the same period in the previous year, the business earned ($0.05) EPS. As a group, equities analysts expect that Bright Horizons Family Solutions Inc. will post 1.68 earnings per share for the current fiscal year.

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,603 shares of the business’s stock in a transaction on Tuesday, November 2nd. The shares were sold at an average price of $170.49, for a total transaction of $273,295.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by insiders.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions, Inc engages in the provision of child care and early education; dependent care, and workforce education services. It operates through the following segments: Full Service Center-Based Child Care, Back-Up Care Services, and Educational Advisory Services. The Full Service Center-Based Child Care segment comprises of traditional center-based child care and early education, preschool, and elementary education.

Recommended Story: What is the price-to-earnings growth (PEG) ratio?

Want to see what other hedge funds are holding BFAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bright Horizons Family Solutions Inc. (NYSE:BFAM).

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

Receive News & Ratings for Bright Horizons Family Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions and related companies with MarketBeat.com's FREE daily email newsletter.