1,902 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Bought by Mission Wealth Management LP

Mission Wealth Management LP purchased a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 1,902 shares of the company’s stock, valued at approximately $289,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. purchased a new stake in Bright Horizons Family Solutions during the 3rd quarter worth $32,000. Toronto Dominion Bank increased its stake in Bright Horizons Family Solutions by 51.4% during the 2nd quarter. Toronto Dominion Bank now owns 371 shares of the company’s stock worth $44,000 after buying an additional 126 shares during the period. Private Capital Group LLC grew its holdings in Bright Horizons Family Solutions by 508.8% during the 2nd quarter. Private Capital Group LLC now owns 487 shares of the company’s stock worth $57,000 after acquiring an additional 407 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Bright Horizons Family Solutions during the 2nd quarter worth $75,000. Finally, Smithfield Trust Co. grew its holdings in Bright Horizons Family Solutions by 17.9% during the 2nd quarter. Smithfield Trust Co. now owns 993 shares of the company’s stock worth $116,000 after acquiring an additional 151 shares in the last quarter. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

NYSE BFAM opened at $158.28 on Friday. Bright Horizons Family Solutions Inc. has a one year low of $64.23 and a one year high of $176.98. The company has a 50-day simple moving average of $143.69 and a 200-day simple moving average of $122.01. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $9.56 billion, a PE ratio of 77.97, a price-to-earnings-growth ratio of 42.93 and a beta of 0.81.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.69) by $1.13. Bright Horizons Family Solutions had a net margin of 6.56% and a return on equity of 16.55%. The business had revenue of $293.77 million during the quarter, compared to analyst estimates of $206.16 million. Equities analysts forecast that Bright Horizons Family Solutions Inc. will post 0.66 earnings per share for the current year.

Several research analysts have weighed in on BFAM shares. ValuEngine raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Thursday, July 2nd. BMO Capital Markets lowered shares of Bright Horizons Family Solutions from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $127.00 to $150.00 in a report on Tuesday, October 6th. Morgan Stanley raised their price objective on shares of Bright Horizons Family Solutions from $107.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Bright Horizons Family Solutions in a report on Tuesday, August 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $126.71.

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 3,500 shares of the business’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $155.46, for a total transaction of $544,110.00. Also, General Counsel John Guy Casagrande sold 4,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $153.88, for a total transaction of $615,520.00. Following the transaction, the general counsel now directly owns 6,503 shares of the company’s stock, valued at $1,000,681.64. The disclosure for this sale can be found here. Insiders have sold a total of 29,019 shares of company stock valued at $3,845,153 over the last three months. 1.60% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Company Profile

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

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

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