SG Americas Securities LLC Acquires 8,694 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

SG Americas Securities LLC lifted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 355.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,139 shares of the company's stock after acquiring an additional 8,694 shares during the period. SG Americas Securities LLC's holdings in Bright Horizons Family Solutions were worth $1,415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Y Intercept Hong Kong Ltd grew its stake in Bright Horizons Family Solutions by 62.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company's stock worth $787,000 after purchasing an additional 2,739 shares during the period. Barclays PLC grew its position in shares of Bright Horizons Family Solutions by 57.5% during the 4th quarter. Barclays PLC now owns 30,272 shares of the company's stock worth $3,355,000 after buying an additional 11,057 shares during the period. Merit Financial Group LLC increased its stake in shares of Bright Horizons Family Solutions by 182.3% in the 1st quarter. Merit Financial Group LLC now owns 5,488 shares of the company's stock valued at $697,000 after acquiring an additional 3,544 shares in the last quarter. New York Life Investment Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the 4th quarter valued at $679,000. Finally, New York State Common Retirement Fund lifted its position in shares of Bright Horizons Family Solutions by 45.4% during the 4th quarter. New York State Common Retirement Fund now owns 115,183 shares of the company's stock valued at $12,768,000 after acquiring an additional 35,959 shares during the period.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM traded down $0.59 during trading on Friday, reaching $121.64. The company had a trading volume of 175,947 shares, compared to its average volume of 448,751. Bright Horizons Family Solutions Inc. has a 12 month low of $100.60 and a 12 month high of $141.90. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $6.96 billion, a P/E ratio of 43.91 and a beta of 1.33. The company has a fifty day moving average of $123.35 and a two-hundred day moving average of $120.78.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. Bright Horizons Family Solutions had a return on equity of 14.62% and a net margin of 5.91%. The business had revenue of $665.53 million for the quarter, compared to the consensus estimate of $664.34 million. During the same quarter last year, the business posted $0.51 earnings per share. The company's revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BFAM. Wall Street Zen upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. Morgan Stanley raised their price objective on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $138.33.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $128.49, for a total value of $321,225.00. Following the completion of the transaction, the director now directly owns 20,257 shares in the company, valued at approximately $2,602,821.93. This represents a 10.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David H. Lissy sold 6,282 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $130.10, for a total transaction of $817,288.20. Following the completion of the transaction, the director now directly owns 69,312 shares of the company's stock, valued at approximately $9,017,491.20. The trade was a 8.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,282 shares of company stock valued at $1,726,433 in the last quarter. Insiders own 1.21% of the company's stock.

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.