Algert Global LLC Reduces Stock Position in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Algert Global LLC reduced its stake in Bright Horizons Family Solutions by 17.5%, selling 10,883 shares and holding 51,331 shares worth $6.52 million as of its recent SEC filing.
• Bright Horizons Family Solutions' stock price increased by 2.0% recently, with a current market capitalization of $6.90 billion and a PE ratio of 39.80.
• Company insiders have sold a total of 17,282 shares valued at over $2.2 million in the last three months, signaling potential insider optimism about share performance.

Algert Global LLC lessened its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 17.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,331 shares of the company's stock after selling 10,883 shares during the period. Algert Global LLC owned 0.09% of Bright Horizons Family Solutions worth $6,521,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC raised its position in shares of Bright Horizons Family Solutions by 62.2% in the first quarter. Larson Financial Group LLC now owns 206 shares of the company's stock worth $26,000 after buying an additional 79 shares in the last quarter. Parallel Advisors LLC increased its stake in Bright Horizons Family Solutions by 79.9% in the first quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after acquiring an additional 143 shares during the last quarter. Global Financial Private Client LLC increased its stake in Bright Horizons Family Solutions by 244.2% in the first quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock valued at $42,000 after acquiring an additional 232 shares during the last quarter. HM Payson & Co. bought a new position in Bright Horizons Family Solutions in the first quarter valued at $50,000. Finally, GAMMA Investing LLC increased its stake in Bright Horizons Family Solutions by 72.7% in the first quarter. GAMMA Investing LLC now owns 475 shares of the company's stock valued at $60,000 after acquiring an additional 200 shares during the last quarter.

Bright Horizons Family Solutions Trading Up 1.3%

Shares of NYSE:BFAM traded up $1.5790 on Friday, reaching $123.4590. 641,041 shares of the company traded hands, compared to its average volume of 728,987. The business's 50-day simple moving average is $118.77 and its 200 day simple moving average is $122.09. Bright Horizons Family Solutions Inc. has a 52 week low of $103.75 and a 52 week high of $141.90. The stock has a market capitalization of $7.02 billion, a P/E ratio of 40.48 and a beta of 1.34. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The firm had revenue of $731.57 million for the quarter, compared to analysts' expectations of $724.32 million. During the same period last year, the firm earned $0.88 earnings per share. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. As a group, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on BFAM. Jefferies Financial Group cut Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and reduced their target price for the company from $146.00 to $135.00 in a research note on Monday, June 23rd. Morgan Stanley reduced their target price on Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating on the stock in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.75.

Insider Buying and Selling

In other news, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $128.99, for a total transaction of $128,990.00. Following the transaction, the chief operating officer directly owned 28,449 shares of the company's stock, valued at approximately $3,669,636.51. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Ann Tocio sold 3,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total transaction of $360,300.00. Following the sale, the director owned 18,233 shares of the company's stock, valued at approximately $2,189,783.30. This represents a 14.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,282 shares of company stock valued at $2,212,923 over the last three months. 1.21% of the stock is owned by corporate insiders.

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.