Curi RMB Capital LLC Cuts Stake in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Curi RMB Capital LLC has reduced its stake in Bright Horizons Family Solutions Inc. by 40%, now holding 59,077 shares worth approximately $7.5 million.
• Several other institutional investors have made significant changes to their positions, including Larson Financial Group LLC, which increased its holdings by 62.2%.
• Bright Horizons reported a strong quarterly performance, with $731.57 million in revenue and a $1.07 EPS, exceeding analysts' expectations.

Curi RMB Capital LLC lowered its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 40.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,077 shares of the company's stock after selling 39,451 shares during the quarter. Curi RMB Capital LLC owned approximately 0.10% of Bright Horizons Family Solutions worth $7,505,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Larson Financial Group LLC increased its holdings 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 purchasing an additional 79 shares during the last quarter. Twin Tree Management LP purchased a new position in Bright Horizons Family Solutions during the 1st quarter valued at approximately $29,000. Parallel Advisors LLC grew its holdings in Bright Horizons Family Solutions by 79.9% during the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after buying an additional 143 shares in the last quarter. Global Financial Private Client LLC grew its holdings in Bright Horizons Family Solutions by 244.2% during the 1st quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock valued at $42,000 after buying an additional 232 shares in the last quarter. Finally, HM Payson & Co. purchased a new position in Bright Horizons Family Solutions during the 1st quarter valued at approximately $50,000.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $128.99, for a total transaction of $128,990.00. Following the completion of the transaction, the chief operating officer owned 28,449 shares in the company, valued at $3,669,636.51. The trade was a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Ann Tocio sold 3,000 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $120.10, for a total value of $360,300.00. Following the transaction, the director owned 18,233 shares of the company's stock, valued at approximately $2,189,783.30. The trade was a 14.13% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,000 shares of company stock worth $611,850. Insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Price Performance

Shares of Bright Horizons Family Solutions stock opened at $116.23 on Friday. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 38.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a 50 day moving average price of $118.02 and a 200-day moving average price of $121.84. Bright Horizons Family Solutions Inc. has a one year low of $103.75 and a one year high of $141.90.

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

Wall Street Analyst Weigh In

BFAM has been the subject of several research analyst reports. Jefferies Financial Group cut Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their price target for the company from $146.00 to $135.00 in a report on Monday, June 23rd. Morgan Stanley cut their price target on Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating for the company in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $134.57.

About Bright Horizons Family Solutions

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.