StockNews.com Upgrades Bright Horizons Family Solutions (NYSE:BFAM) to “Hold”

Bright Horizons Family Solutions (NYSE:BFAM) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other brokerages also recently commented on BFAM. Morgan Stanley dropped their target price on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a report on Tuesday, February 11th. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price on the stock in a report on Friday, November 22nd. Jefferies Financial Group dropped their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Baird R W upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, BMO Capital Markets boosted their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.67.

Bright Horizons Family Solutions Stock Down 2.4 %

BFAM stock opened at $126.29 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions has a 1 year low of $100.59 and a 1 year high of $141.90. The company has a fifty day simple moving average of $116.91 and a 200 day simple moving average of $124.69. The firm has a market cap of $7.35 billion, a PE ratio of 52.62 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. Sell-side analysts anticipate that Bright Horizons Family Solutions will post 3.49 EPS for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the sale, the director now owns 25,257 shares of the company’s stock, valued at $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.22% of the stock is currently owned by insiders.

Institutional Trading of Bright Horizons Family Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BFAM. Creative Planning bought a new stake in Bright Horizons Family Solutions in the third quarter valued at about $373,000. Private Advisor Group LLC boosted its position in Bright Horizons Family Solutions by 16.5% in the third quarter. Private Advisor Group LLC now owns 2,491 shares of the company’s stock valued at $349,000 after buying an additional 352 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Bright Horizons Family Solutions in the third quarter valued at about $54,590,000. Assenagon Asset Management S.A. acquired a new position in Bright Horizons Family Solutions in the third quarter valued at about $11,780,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Bright Horizons Family Solutions by 110.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,312 shares of the company’s stock valued at $744,000 after buying an additional 2,791 shares in the last quarter.

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.