Citadel Advisors LLC Trims Stake in Bright Horizons Family Solutions (BFAM)

Citadel Advisors LLC lowered its position in shares of Bright Horizons Family Solutions (NYSE:BFAM) by 70.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,188 shares of the company’s stock after selling 5,150 shares during the quarter. Citadel Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $206,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American International Group Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth $120,000. Zions Bancorporation acquired a new stake in shares of Bright Horizons Family Solutions during the third quarter worth $170,000. Eagle Boston Investment Management Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth $205,000. Keybank National Association OH acquired a new stake in shares of Bright Horizons Family Solutions during the third quarter worth $221,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Bright Horizons Family Solutions during the third quarter worth $237,000. 99.04% of the stock is owned by institutional investors.

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A number of research firms recently commented on BFAM. Goldman Sachs began coverage on Bright Horizons Family Solutions in a research note on Tuesday, March 27th. They issued a “neutral” rating and a $104.00 price target for the company. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Monday, March 26th. ValuEngine raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Royal Bank of Canada downgraded Bright Horizons Family Solutions from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $95.00 to $98.00 in a research note on Tuesday, April 3rd. They noted that the move was a valuation call. Finally, Credit Suisse Group boosted their price target on Bright Horizons Family Solutions from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Bright Horizons Family Solutions currently has an average rating of “Hold” and an average target price of $101.67.

Bright Horizons Family Solutions stock traded down $3.00 during midday trading on Friday, reaching $96.10. The company’s stock had a trading volume of 582,549 shares, compared to its average volume of 403,877. Bright Horizons Family Solutions has a 52 week low of $70.79 and a 52 week high of $105.04. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.40. The stock has a market cap of $5,628.19, a PE ratio of 37.69, a P/E/G ratio of 2.19 and a beta of 0.07.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, February 8th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.04. Bright Horizons Family Solutions had a return on equity of 20.69% and a net margin of 9.02%. The firm had revenue of $440.00 million for the quarter, compared to analysts’ expectations of $438.99 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. analysts expect that Bright Horizons Family Solutions will post 2.93 earnings per share for the current year.

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 250 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $105.00, for a total value of $26,250.00. Following the transaction, the chief operating officer now owns 29,846 shares in the company, valued at $3,133,830. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary Ann Tocio sold 3,600 shares of the business’s stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $95.82, for a total value of $344,952.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,281 shares of company stock worth $17,283,291. Company insiders own 2.90% of the company’s stock.

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About Bright Horizons Family Solutions

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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