LVW Advisors LLC Trims Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

LVW Advisors LLC lessened its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,040 shares of the company’s stock after selling 103 shares during the period. LVW Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $571,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mission Wealth Management LP increased its holdings in Bright Horizons Family Solutions by 4.1% during the 4th quarter. Mission Wealth Management LP now owns 10,588 shares of the company’s stock valued at $998,000 after purchasing an additional 415 shares during the period. Comerica Bank purchased a new position in Bright Horizons Family Solutions during the 3rd quarter valued at about $10,590,000. Brown Brothers Harriman & Co. increased its holdings in Bright Horizons Family Solutions by 38.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 105,787 shares of the company’s stock valued at $9,969,000 after purchasing an additional 29,417 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Bright Horizons Family Solutions by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 637,401 shares of the company’s stock valued at $60,069,000 after purchasing an additional 9,851 shares during the period. Finally, Global Alpha Capital Management Ltd. bought a new stake in Bright Horizons Family Solutions during the 4th quarter valued at approximately $1,508,000.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BFAM. BMO Capital Markets lifted their price objective on Bright Horizons Family Solutions from $102.00 to $104.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. The Goldman Sachs Group lifted their price objective on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Robert W. Baird lifted their price objective on Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of “Hold” and a consensus target price of $107.43.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM opened at $108.75 on Tuesday. Bright Horizons Family Solutions Inc. has a 52 week low of $71.65 and a 52 week high of $119.21. The stock has a market cap of $6.31 billion, a P/E ratio of 76.59, a P/E/G ratio of 4.13 and a beta of 1.45. The business’s 50 day moving average price is $107.70 and its 200-day moving average price is $105.72. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.76.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.00%. The company had revenue of $622.71 million during the quarter, compared to analyst estimates of $614.60 million. Equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Jason Janoff sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $113.79, for a total value of $682,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,955 shares in the company, valued at approximately $1,018,989.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 4,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $108.95, for a total transaction of $435,800.00. Following the completion of the sale, the director now directly owns 31,855 shares in the company, valued at approximately $3,470,602.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Jason Janoff sold 6,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $113.79, for a total transaction of $682,740.00. Following the sale, the chief accounting officer now owns 8,955 shares of the company’s stock, valued at $1,018,989.45. The disclosure for this sale can be found here. Insiders sold a total of 26,647 shares of company stock worth $2,978,550 in the last three months. Insiders own 1.22% of the company’s stock.

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.