Kennedy Capital Management Inc. Decreases Position in Bright Horizons Family Solutions Inc (NYSE:BFAM)

Kennedy Capital Management Inc. decreased its position in shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) by 47.9% in the first quarter, HoldingsChannel.com reports. The firm owned 24,757 shares of the company’s stock after selling 22,775 shares during the quarter. Kennedy Capital Management Inc.’s holdings in Bright Horizons Family Solutions were worth $3,147,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Bright Horizons Family Solutions by 312.1% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 272 shares of the company’s stock worth $30,000 after purchasing an additional 206 shares during the period. Ellis Investment Partners LLC acquired a new stake in shares of Bright Horizons Family Solutions during the first quarter worth about $621,000. Manchester Capital Management LLC acquired a new stake in shares of Bright Horizons Family Solutions during the first quarter worth about $47,000. Quadrant Capital Group LLC acquired a new stake in shares of Bright Horizons Family Solutions during the first quarter worth about $47,000. Finally, Enlightenment Research LLC acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth about $67,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on the company. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $146.00 target price for the company in a report on Monday, May 6th. Citigroup lifted their target price on Bright Horizons Family Solutions from $117.00 to $126.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $127.00.

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 2,556 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $139.01, for a total value of $355,309.56. Following the completion of the transaction, the chief operating officer now directly owns 29,169 shares of the company’s stock, valued at $4,054,782.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elizabeth J. Boland sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $123.82, for a total value of $371,460.00. Following the completion of the sale, the chief financial officer now owns 127,341 shares of the company’s stock, valued at $15,767,362.62. The disclosure for this sale can be found here. Insiders sold 24,047 shares of company stock valued at $3,135,431 over the last three months. 1.90% of the stock is currently owned by corporate insiders.

Shares of NYSE:BFAM opened at $140.00 on Friday. Bright Horizons Family Solutions Inc has a 12-month low of $100.12 and a 12-month high of $141.15. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 44.82, a P/E/G ratio of 3.88 and a beta of 0.27. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.36 and a quick ratio of 0.36.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.02. Bright Horizons Family Solutions had a return on equity of 23.38% and a net margin of 8.38%. The company had revenue of $501.76 million during the quarter, compared to the consensus estimate of $497.24 million. During the same period in the previous year, the company posted $0.72 earnings per share. Bright Horizons Family Solutions’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, sell-side analysts anticipate that Bright Horizons Family Solutions Inc will post 3.39 EPS for the current year.

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About Bright Horizons Family Solutions

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

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

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