TimesSquare Capital Management LLC Cuts Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

TimesSquare Capital Management LLC lessened its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 18.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,150 shares of the company's stock after selling 38,941 shares during the period. TimesSquare Capital Management LLC owned 0.30% of Bright Horizons Family Solutions worth $21,616,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC raised its stake in Bright Horizons Family Solutions by 355.6% during the first quarter. SG Americas Securities LLC now owns 11,139 shares of the company's stock worth $1,415,000 after buying an additional 8,694 shares during the last quarter. Impax Asset Management Group plc raised its stake in Bright Horizons Family Solutions by 13.8% during the first quarter. Impax Asset Management Group plc now owns 29,044 shares of the company's stock worth $3,690,000 after buying an additional 3,514 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in Bright Horizons Family Solutions by 9.9% during the first quarter. Stephens Investment Management Group LLC now owns 612,835 shares of the company's stock worth $77,855,000 after buying an additional 55,115 shares during the last quarter. Bessemer Group Inc. raised its stake in Bright Horizons Family Solutions by 4.3% during the first quarter. Bessemer Group Inc. now owns 289,884 shares of the company's stock worth $36,826,000 after buying an additional 11,967 shares during the last quarter. Finally, Barclays PLC raised its stake in Bright Horizons Family Solutions by 57.5% during the fourth 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 last quarter.

Analyst Ratings Changes

A number of brokerages recently weighed in on BFAM. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and lowered their target price for the stock from $146.00 to $135.00 in a research note on Monday, June 23rd. Morgan Stanley lifted their price target 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $138.67.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $128.49, for a total transaction of $321,225.00. Following the completion of the transaction, the director directly owned 20,257 shares in the company, valued at $2,602,821.93. This trade represents a 10.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $122.56, for a total transaction of $122,560.00. Following the transaction, the chief operating officer owned 29,449 shares of the company's stock, valued at $3,609,269.44. This represents a 3.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,282 shares of company stock valued at $1,848,993 over the last three months. Corporate insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Stock Down 0.2%

BFAM traded down $0.19 during midday trading on Thursday, hitting $114.98. The company had a trading volume of 86,269 shares, compared to its average volume of 474,220. Bright Horizons Family Solutions Inc. has a 52 week low of $103.75 and a 52 week high of $141.90. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 41.56 and a beta of 1.30. The stock's 50 day moving average price is $122.93 and its 200 day moving average price is $121.85.

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

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.