Forsta AP Fonden Has $1.91 Million Position in Bright Horizons Family Solutions Inc (BFAM)

Forsta AP Fonden cut its stake in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 11.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,600 shares of the company’s stock after selling 2,400 shares during the period. Forsta AP Fonden’s holdings in Bright Horizons Family Solutions were worth $1,907,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in Bright Horizons Family Solutions by 11.6% in the second quarter. BlackRock Inc. now owns 2,783,957 shares of the company’s stock valued at $285,410,000 after buying an additional 288,576 shares during the period. Brown Advisory Inc. lifted its stake in Bright Horizons Family Solutions by 1.7% in the second quarter. Brown Advisory Inc. now owns 1,233,214 shares of the company’s stock valued at $126,428,000 after buying an additional 20,320 shares during the period. JPMorgan Chase & Co. lifted its stake in Bright Horizons Family Solutions by 5.0% in the first quarter. JPMorgan Chase & Co. now owns 1,102,586 shares of the company’s stock valued at $109,950,000 after buying an additional 52,837 shares during the period. CIBC Private Wealth Group LLC lifted its stake in Bright Horizons Family Solutions by 20.7% in the second quarter. CIBC Private Wealth Group LLC now owns 945,440 shares of the company’s stock valued at $96,927,000 after buying an additional 162,080 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in Bright Horizons Family Solutions by 12.0% in the second quarter. Janus Henderson Group PLC now owns 717,511 shares of the company’s stock valued at $73,559,000 after buying an additional 76,681 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Shares of NYSE:BFAM opened at $116.16 on Monday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.39. Bright Horizons Family Solutions Inc has a twelve month low of $80.61 and a twelve month high of $120.07. The company has a market cap of $6.73 billion, a PE ratio of 45.55, a PEG ratio of 2.65 and a beta of 0.12.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, August 2nd. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Bright Horizons Family Solutions had a return on equity of 20.90% and a net margin of 8.77%. The company had revenue of $490.00 million for the quarter, compared to analyst estimates of $486.63 million. During the same period in the prior year, the firm earned $0.74 earnings per share. Bright Horizons Family Solutions’s revenue for the quarter was up 10.0% on a year-over-year basis. equities analysts predict that Bright Horizons Family Solutions Inc will post 2.92 EPS for the current fiscal year.

In other news, CAO Mandy Berman sold 500 shares of the company’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $101.68, for a total transaction of $50,840.00. Following the transaction, the chief accounting officer now directly owns 20,880 shares of the company’s stock, valued at $2,123,078.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roger H. Brown sold 16,958 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $114.66, for a total value of $1,944,404.28. Following the transaction, the director now directly owns 4,442 shares in the company, valued at $509,319.72. The disclosure for this sale can be found here. Insiders have sold 53,017 shares of company stock worth $5,984,740 over the last ninety days. 2.20% of the stock is owned by insiders.

Several equities analysts have issued reports on BFAM shares. Zacks Investment Research raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Monday, August 27th. Citigroup lowered Bright Horizons Family Solutions from a “buy” rating to a “neutral” rating in a research note on Friday, August 3rd. They noted that the move was a valuation call. Finally, BMO Capital Markets boosted their price target on Bright Horizons Family Solutions from $114.00 to $118.00 and gave the company a “market perform” rating in a research note on Monday, August 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $104.91.

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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