Bamco Inc. NY Buys 69,940 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Bamco Inc. NY boosted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,559,277 shares of the company's stock after acquiring an additional 69,940 shares during the quarter. Bamco Inc. NY owned 2.68% of Bright Horizons Family Solutions worth $172,846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc purchased a new position in Bright Horizons Family Solutions in the 4th quarter worth approximately $25,000. Atala Financial Inc purchased a new position in Bright Horizons Family Solutions in the fourth quarter worth $32,000. Tortoise Investment Management LLC grew its position in Bright Horizons Family Solutions by 76.7% in the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock worth $46,000 after acquiring an additional 181 shares in the last quarter. Avanza Fonder AB purchased a new stake in Bright Horizons Family Solutions during the fourth quarter valued at about $93,000. Finally, Federated Hermes Inc. raised its position in Bright Horizons Family Solutions by 194.8% during the fourth quarter. Federated Hermes Inc. now owns 914 shares of the company's stock valued at $101,000 after purchasing an additional 604 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. StockNews.com raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. Jefferies Financial Group lowered their price objective on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Morgan Stanley increased their price objective on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a research note on Tuesday. UBS Group decreased their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Finally, BMO Capital Markets raised their price target on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.33.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $124.69, for a total transaction of $124,690.00. Following the transaction, the chief operating officer now owns 33,449 shares of the company's stock, valued at approximately $4,170,755.81. The trade was a 2.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $124.74, for a total value of $311,850.00. Following the completion of the sale, the director now owns 22,757 shares of the company's stock, valued at approximately $2,838,708.18. This represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,500 shares of company stock worth $561,900 over the last ninety days. Company insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Price Performance

Shares of BFAM stock traded down $5.31 on Tuesday, reaching $121.51. The company's stock had a trading volume of 635,059 shares, compared to its average volume of 440,955. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 50.63 and a beta of 1.32. The stock's fifty day simple moving average is $122.62 and its 200-day simple moving average is $119.52. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.14. Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. The firm had revenue of $665.53 million for the quarter, compared to the consensus estimate of $664.34 million. During the same period in the previous year, the firm posted $0.51 EPS. The business's quarterly revenue was up 6.9% on a year-over-year basis. Analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Bright Horizons Family Solutions Company 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.