SG Americas Securities LLC Takes Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

SG Americas Securities LLC purchased a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,445 shares of the company’s stock, valued at approximately $271,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BFAM. Merit Financial Group LLC bought a new position in Bright Horizons Family Solutions during the 4th quarter worth $215,000. Avanza Fonder AB bought a new position in shares of Bright Horizons Family Solutions in the fourth quarter worth $93,000. Park Avenue Securities LLC raised its stake in Bright Horizons Family Solutions by 23.4% in the fourth quarter. Park Avenue Securities LLC now owns 3,881 shares of the company’s stock valued at $430,000 after purchasing an additional 736 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Bright Horizons Family Solutions by 17.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 98,650 shares of the company’s stock worth $10,935,000 after purchasing an additional 14,583 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Bright Horizons Family Solutions by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company’s stock worth $601,000 after buying an additional 113 shares in the last quarter.

Insider Activity

In other news, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of the sale, the director now owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BFAM shares. UBS Group dropped their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday. The Goldman Sachs Group decreased their price target on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, December 27th. Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective for the company in a research report on Friday, November 22nd. Finally, Morgan Stanley decreased their target price on Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating on the stock in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Bright Horizons Family Solutions has a consensus rating of “Moderate Buy” and an average target price of $135.56.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $120.45 on Thursday. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 60.53 and a beta of 1.45. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $114.50 and its 200-day moving average price is $124.47. Bright Horizons Family Solutions Inc. has a 12 month low of $94.83 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The business had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. During the same period last year, the company earned $0.78 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3 EPS for the current 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.