Claro Advisors LLC Takes Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Claro Advisors LLC acquired a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the 3rd quarter, Holdings Channel reports. The fund acquired 1,965 shares of the company’s stock, valued at approximately $275,000.

Other institutional investors also recently bought and sold shares of the company. Connable Office Inc. increased its stake in Bright Horizons Family Solutions by 11.0% during the 3rd quarter. Connable Office Inc. now owns 3,551 shares of the company’s stock valued at $498,000 after purchasing an additional 351 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Bright Horizons Family Solutions by 42.4% during the third quarter. Royce & Associates LP now owns 24,206 shares of the company’s stock valued at $3,392,000 after buying an additional 7,206 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $234,000. Impax Asset Management Group plc purchased a new position in Bright Horizons Family Solutions in the 3rd quarter worth $2,857,000. Finally, Curi RMB Capital LLC lifted its position in Bright Horizons Family Solutions by 1.5% during the 3rd quarter. Curi RMB Capital LLC now owns 87,396 shares of the company’s stock worth $12,247,000 after acquiring an additional 1,274 shares during the period.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the sale, the chief operating officer now owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. The trade was a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Trading Up 1.0 %

Shares of Bright Horizons Family Solutions stock opened at $109.06 on Wednesday. The firm has a 50-day simple moving average of $130.24 and a two-hundred day simple moving average of $122.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. Bright Horizons Family Solutions Inc. has a fifty-two week low of $86.79 and a fifty-two week high of $141.90. The company has a market cap of $6.35 billion, a P/E ratio of 54.80 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The company had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $713.16 million. During the same quarter in the prior year, the firm posted $0.78 EPS. Bright Horizons Family Solutions’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts predict that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BFAM has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. The Goldman Sachs Group increased their price target on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Robert W. Baird lifted their price objective on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Morgan Stanley upped their price objective on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $137.00 to $125.00 in a report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Bright Horizons Family Solutions has a consensus rating of “Hold” and an average target price of $141.50.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.