Avanza Fonder AB Takes Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Avanza Fonder AB acquired a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 836 shares of the company’s stock, valued at approximately $93,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BFAM. Massachusetts Financial Services Co. MA boosted its stake in Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after acquiring an additional 423,456 shares in the last quarter. State Street Corp boosted its position in shares of Bright Horizons Family Solutions by 0.4% in the 3rd quarter. State Street Corp now owns 999,263 shares of the company’s stock worth $140,027,000 after purchasing an additional 3,970 shares in the last quarter. Geode Capital Management LLC grew its stake in Bright Horizons Family Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock worth $129,633,000 after buying an additional 7,597 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Bright Horizons Family Solutions by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after buying an additional 51,024 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its position in Bright Horizons Family Solutions by 3.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 707,383 shares of the company’s stock valued at $99,126,000 after buying an additional 21,935 shares in the last quarter.

Analyst Upgrades and Downgrades

BFAM has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price objective on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, December 27th. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target on the stock in a research note on Friday, November 22nd. StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, January 14th. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $137.00 to $125.00 in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $138.25.

Bright Horizons Family Solutions Trading Down 0.2 %

NYSE:BFAM opened at $117.47 on Tuesday. Bright Horizons Family Solutions Inc. has a 12-month low of $94.83 and a 12-month high of $141.90. The firm has a market cap of $6.83 billion, a PE ratio of 59.03 and a beta of 1.44. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average price of $112.18 and a 200 day moving average price of $124.06.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The business had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $0.78 EPS. Sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.01 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the sale, the director now owns 25,257 shares in the company, valued at $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Company Profile

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.