Mackenzie Financial Corp Acquires 139,179 Shares of Bright Horizons Family Solutions Inc. (BFAM)

Mackenzie Financial Corp increased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 24.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 716,500 shares of the company’s stock after buying an additional 139,179 shares during the period. Mackenzie Financial Corp owned about 1.21% of Bright Horizons Family Solutions worth $61,769,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Aperio Group LLC boosted its holdings in Bright Horizons Family Solutions by 33.0% in the second quarter. Aperio Group LLC now owns 6,094 shares of the company’s stock valued at $471,000 after purchasing an additional 1,512 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Bright Horizons Family Solutions by 7.2% in the second quarter. Russell Investments Group Ltd. now owns 6,682 shares of the company’s stock valued at $516,000 after purchasing an additional 446 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in Bright Horizons Family Solutions in the second quarter valued at approximately $123,000. Bessemer Group Inc. boosted its holdings in Bright Horizons Family Solutions by 70.4% in the second quarter. Bessemer Group Inc. now owns 39,258 shares of the company’s stock valued at $3,031,000 after purchasing an additional 16,215 shares in the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA boosted its holdings in Bright Horizons Family Solutions by 1.8% in the second quarter. Kelly Lawrence W & Associates Inc. CA now owns 178,140 shares of the company’s stock valued at $13,754,000 after purchasing an additional 3,100 shares in the last quarter. Hedge funds and other institutional investors own 99.74% of the company’s stock.

A number of equities analysts recently issued reports on BFAM shares. Zacks Investment Research downgraded Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub raised Bright Horizons Family Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Citigroup upped their price target on Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Robert W. Baird reaffirmed a “hold” rating on shares of Bright Horizons Family Solutions in a report on Friday, November 3rd. Finally, Barclays upped their price target on Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $90.67.

In other news, Director Mary Ann Tocio sold 6,666 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $80.09, for a total value of $533,879.94. Following the completion of the sale, the director now directly owns 67,284 shares of the company’s stock, valued at $5,388,775.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joshua Bekenstein sold 3,504,999 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total value of $305,846,212.74. The disclosure for this sale can be found here. Insiders sold 3,650,139 shares of company stock valued at $318,126,055 over the last three months. Corporate insiders own 2.90% of the company’s stock.

Shares of Bright Horizons Family Solutions Inc. (NYSE BFAM) opened at $89.90 on Tuesday. The firm has a market capitalization of $5,275.49, a P/E ratio of 37.37, a PEG ratio of 1.79 and a beta of 0.13. Bright Horizons Family Solutions Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $93.13. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.35.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05. The business had revenue of $433.30 million during the quarter, compared to the consensus estimate of $429.36 million. Bright Horizons Family Solutions had a return on equity of 19.72% and a net margin of 7.22%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 2.49 EPS for the current fiscal year.

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Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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

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