Sanctuary Advisors LLC Makes New $1.75 Million Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Sanctuary Advisors LLC acquired a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,442 shares of the company’s stock, valued at approximately $1,754,000.

Other institutional investors have also recently made changes to their positions in the company. Riverview Trust Co acquired a new position in shares of Bright Horizons Family Solutions in the first quarter worth $25,000. Whittier Trust Co. of Nevada Inc. grew its stake in Bright Horizons Family Solutions by 850.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after purchasing an additional 306 shares in the last quarter. YHB Investment Advisors Inc. purchased a new stake in Bright Horizons Family Solutions during the 1st quarter worth about $40,000. Daiwa Securities Group Inc. raised its position in Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after purchasing an additional 165 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after buying an additional 177 shares during the period.

Analyst Ratings Changes

Several research firms have commented on BFAM. The Goldman Sachs Group boosted their price target on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Morgan Stanley boosted their target price on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft raised their price target on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. UBS Group lifted their price target on Bright Horizons Family Solutions from $128.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $134.63.

Bright Horizons Family Solutions Stock Up 0.2 %

Shares of NYSE:BFAM opened at $136.53 on Wednesday. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 96.15 and a beta of 1.48. Bright Horizons Family Solutions Inc. has a fifty-two week low of $71.65 and a fifty-two week high of $141.90. The firm’s 50-day simple moving average is $136.43 and its 200-day simple moving average is $119.26. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, August 1st. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.15. The company had revenue of $670.10 million for the quarter, compared to analysts’ expectations of $666.17 million. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. As a group, equities research analysts predict that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, General Counsel John Guy Casagrande sold 4,235 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $129.86, for a total transaction of $549,957.10. Following the sale, the general counsel now directly owns 13,677 shares in the company, valued at approximately $1,776,095.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, General Counsel John Guy Casagrande sold 4,235 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $129.86, for a total transaction of $549,957.10. Following the completion of the sale, the general counsel now directly owns 13,677 shares in the company, valued at approximately $1,776,095.22. This trade 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 the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $120.00, for a total value of $120,000.00. Following the sale, the chief operating officer now directly owns 35,925 shares in the company, valued at $4,311,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,635 shares of company stock worth $3,220,340. 1.22% of the stock is owned by corporate insiders.

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.