Private Advisor Group LLC Acquires 352 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Private Advisor Group LLC grew its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 16.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,491 shares of the company’s stock after purchasing an additional 352 shares during the quarter. Private Advisor Group LLC’s holdings in Bright Horizons Family Solutions were worth $349,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new position in Bright Horizons Family Solutions during the third quarter worth about $29,000. V Square Quantitative Management LLC purchased a new position in Bright Horizons Family Solutions during the third quarter valued at approximately $35,000. Whittier Trust Co. of Nevada Inc. grew its stake in Bright Horizons Family Solutions by 850.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after acquiring an additional 306 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after acquiring an additional 165 shares in the last quarter. Finally, Quarry LP grew its stake in Bright Horizons Family Solutions by 68.3% during the second quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after acquiring an additional 177 shares in the last quarter.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the transaction, the chief operating officer now owns 31,025 shares in the company, valued at approximately $4,248,563.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $130.93, for a total transaction of $327,325.00. Following the transaction, the director now owns 30,257 shares in the company, valued at $3,961,549.01. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,100 shares of company stock valued at $549,397 in the last three months. 1.22% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Stock Down 12.7 %

NYSE:BFAM opened at $115.90 on Wednesday. The firm’s 50-day moving average price is $135.84 and its 200-day moving average price is $122.28. The company has a market capitalization of $6.73 billion, a PE ratio of 66.61 and a beta of 1.49. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.56 and a quick ratio of 0.56. Bright Horizons Family Solutions Inc. has a 1-year low of $80.29 and a 1-year high of $141.90.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. UBS Group boosted their price objective on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group boosted their price objective on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday. BMO Capital Markets upped their price target on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. Finally, Morgan Stanley upped their price objective on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $141.13.

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.