LVW Advisors LLC Sells 103 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

LVW Advisors LLC cut its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 2.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,040 shares of the company’s stock after selling 103 shares during the period. LVW Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $571,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Treasurer of the State of North Carolina boosted its stake in shares of Bright Horizons Family Solutions by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 25,220 shares of the company’s stock valued at $2,054,000 after purchasing an additional 130 shares in the last quarter. Riverview Trust Co acquired a new stake in Bright Horizons Family Solutions in the first quarter valued at approximately $25,000. Natixis Advisors L.P. boosted its stake in Bright Horizons Family Solutions by 0.9% in the third quarter. Natixis Advisors L.P. now owns 23,264 shares of the company’s stock valued at $1,895,000 after acquiring an additional 218 shares in the last quarter. Truist Financial Corp boosted its stake in Bright Horizons Family Solutions by 0.3% in the fourth quarter. Truist Financial Corp now owns 90,399 shares of the company’s stock valued at $8,519,000 after acquiring an additional 227 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in Bright Horizons Family Solutions by 6.2% in the fourth quarter. Avior Wealth Management LLC now owns 4,439 shares of the company’s stock valued at $418,000 after acquiring an additional 261 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BFAM shares. JPMorgan Chase & Co. raised their target price on shares of Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. The Goldman Sachs Group lifted their price objective on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Robert W. Baird lifted their price objective on shares of Bright Horizons Family Solutions from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Finally, BMO Capital Markets lifted their price objective on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a “market perform” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $107.43.

Bright Horizons Family Solutions Trading Down 1.2 %

Shares of Bright Horizons Family Solutions stock opened at $108.75 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a fifty day moving average price of $107.70 and a 200 day moving average price of $105.72. Bright Horizons Family Solutions Inc. has a 1 year low of $71.65 and a 1 year high of $119.21. The stock has a market cap of $6.31 billion, a PE ratio of 76.59, a price-to-earnings-growth ratio of 4.13 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, May 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.06. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.00%. The firm had revenue of $622.71 million during the quarter, compared to analysts’ expectations of $614.60 million. Equities research analysts predict that Bright Horizons Family Solutions Inc. will post 2.76 earnings per share for the current year.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on Monday, June 10th. The shares were sold at an average price of $106.42, for a total value of $85,136.00. Following the completion of the transaction, the chief operating officer now owns 37,725 shares of the company’s stock, valued at $4,014,694.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Jason Janoff sold 6,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $113.79, for a total transaction of $682,740.00. Following the completion of the sale, the chief accounting officer now owns 8,955 shares of the company’s stock, valued at $1,018,989.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $106.42, for a total transaction of $85,136.00. Following the sale, the chief operating officer now directly owns 37,725 shares of the company’s stock, valued at approximately $4,014,694.50. The disclosure for this sale can be found here. Insiders sold a total of 26,647 shares of company stock valued at $2,978,550 over the last 90 days. Insiders own 1.22% of the company’s stock.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.