HighTower Advisors LLC Sells 2,203 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

HighTower Advisors LLC decreased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,879 shares of the company’s stock after selling 2,203 shares during the period. HighTower Advisors LLC owned approximately 0.08% of Bright Horizons Family Solutions worth $4,975,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its holdings in shares of Bright Horizons Family Solutions by 0.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company’s stock worth $1,463,000 after acquiring an additional 96 shares during the last quarter. Accretive Wealth Partners LLC increased its holdings in Bright Horizons Family Solutions by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company’s stock worth $833,000 after purchasing an additional 111 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Bright Horizons Family Solutions by 2.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company’s stock worth $601,000 after purchasing an additional 113 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Bright Horizons Family Solutions by 0.9% in the fourth quarter. Arizona State Retirement System now owns 15,161 shares of the company’s stock valued at $1,681,000 after purchasing an additional 129 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of Bright Horizons Family Solutions by 2.9% during the third quarter. Avior Wealth Management LLC now owns 4,674 shares of the company’s stock valued at $655,000 after buying an additional 133 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. The Goldman Sachs Group dropped their price objective on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, December 27th. UBS Group dropped their price target on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. Finally, Morgan Stanley reduced their target price on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating for the company in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of “Moderate Buy” and an average target price of $137.67.

Bright Horizons Family Solutions Price Performance

Bright Horizons Family Solutions stock opened at $128.69 on Thursday. The business’s 50 day simple moving average is $123.01 and its 200 day simple moving average is $123.57. Bright Horizons Family Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $141.90. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 53.62 and a beta of 1.50. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. Sell-side analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the sale, the director now owns 22,757 shares of the company’s stock, valued at $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $124.69, for a total transaction of $124,690.00. Following the completion of the transaction, the chief operating officer now directly owns 33,449 shares of the company’s stock, valued at approximately $4,170,755.81. This trade represents a 2.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions 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.