Bamco Inc. NY Has $345.17 Million Position in Bright Horizons Family Solutions (BFAM)

Bamco Inc. NY decreased its holdings in Bright Horizons Family Solutions (NYSE:BFAM) by 9.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,461,414 shares of the company’s stock after selling 376,830 shares during the period. Bright Horizons Family Solutions comprises approximately 1.6% of Bamco Inc. NY’s investment portfolio, making the stock its 13th biggest holding. Bamco Inc. NY owned approximately 5.98% of Bright Horizons Family Solutions worth $345,172,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. raised its stake in Bright Horizons Family Solutions by 61.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,953 shares of the company’s stock valued at $195,000 after buying an additional 742 shares during the period. State of Wisconsin Investment Board grew its position in shares of Bright Horizons Family Solutions by 0.7% in the fourth quarter. State of Wisconsin Investment Board now owns 105,746 shares of the company’s stock valued at $9,940,000 after purchasing an additional 755 shares during the last quarter. Rhumbline Advisers grew its position in shares of Bright Horizons Family Solutions by 1.5% in the fourth quarter. Rhumbline Advisers now owns 55,705 shares of the company’s stock valued at $5,236,000 after purchasing an additional 801 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Bright Horizons Family Solutions in the first quarter valued at approximately $102,000. Finally, Amalgamated Bank grew its position in shares of Bright Horizons Family Solutions by 12.1% in the fourth quarter. Amalgamated Bank now owns 10,709 shares of the company’s stock valued at $1,007,000 after purchasing an additional 1,152 shares during the last quarter.

BFAM has been the topic of several research reports. Royal Bank of Canada reaffirmed a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Friday, February 9th. Goldman Sachs initiated coverage on Bright Horizons Family Solutions in a research report on Tuesday, March 27th. They issued a “neutral” rating and a $104.00 target price on the stock. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Monday, March 26th. Citigroup upped their target price on Bright Horizons Family Solutions from $107.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, May 4th. Finally, BMO Capital Markets decreased their target price on Bright Horizons Family Solutions from $107.00 to $105.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 1st. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $103.73.

In related news, CFO Elizabeth J. Boland sold 6,000 shares of the stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $99.09, for a total transaction of $594,540.00. Following the sale, the chief financial officer now owns 140,113 shares of the company’s stock, valued at $13,883,797.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman David H. Lissy sold 100,000 shares of the stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $102.35, for a total value of $10,235,000.00. Following the sale, the chairman now directly owns 327,693 shares in the company, valued at approximately $33,539,378.55. The disclosure for this sale can be found here. Insiders have sold 164,077 shares of company stock worth $16,608,061 in the last three months. 2.20% of the stock is currently owned by company insiders.

Shares of NYSE:BFAM opened at $99.43 on Friday. The company has a market cap of $5.69 billion, a P/E ratio of 38.99, a P/E/G ratio of 2.21 and a beta of 0.09. Bright Horizons Family Solutions has a 1 year low of $98.21 and a 1 year high of $98.70. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.38 and a current ratio of 0.38.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Monday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. The business had revenue of $463.66 million for the quarter, compared to the consensus estimate of $461.15 million. Bright Horizons Family Solutions had a return on equity of 21.28% and a net margin of 8.58%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. analysts anticipate that Bright Horizons Family Solutions will post 2.96 EPS for the current fiscal year.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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

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