Ameriprise Financial Inc. Has $1.80 Million Stake in Bright Horizons Family Solutions Inc (BFAM)

Ameriprise Financial Inc. trimmed its holdings in shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) by 31.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 20,877 shares of the company’s stock after selling 9,509 shares during the period. Ameriprise Financial Inc.’s holdings in Bright Horizons Family Solutions were worth $1,800,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Acrospire Investment Management LLC raised its stake in shares of Bright Horizons Family Solutions by 250.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock worth $108,000 after buying an additional 1,000 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Bright Horizons Family Solutions by 213.6% during the 2nd quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $152,000 after buying an additional 1,354 shares in the last quarter. Keybank National Association OH purchased a new position in Bright Horizons Family Solutions in the 3rd quarter valued at approximately $221,000. Comerica Bank purchased a new position in Bright Horizons Family Solutions in the 2nd quarter valued at approximately $230,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Bright Horizons Family Solutions in the 2nd quarter valued at approximately $239,000. 98.70% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Elizabeth J. Boland sold 19,681 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $85.16, for a total transaction of $1,676,033.96. Following the sale, the chief financial officer now owns 152,977 shares in the company, valued at $13,027,521.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen I. Dreier sold 6,000 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $95.14, for a total value of $570,840.00. Following the sale, the executive vice president now owns 76,038 shares in the company, valued at approximately $7,234,255.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,623,396 shares of company stock worth $316,276,898. 2.90% of the stock is owned by insiders.

Shares of Bright Horizons Family Solutions Inc (NYSE BFAM) opened at $95.75 on Monday. The company has a market capitalization of $5,679.43, a price-to-earnings ratio of 47.64, a price-to-earnings-growth ratio of 1.67 and a beta of 0.13. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. Bright Horizons Family Solutions Inc has a fifty-two week low of $65.00 and a fifty-two week high of $95.82.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The firm had revenue of $433.30 million for the quarter, compared to analysts’ expectations of $429.36 million. Bright Horizons Family Solutions had a return on equity of 19.72% and a net margin of 7.22%. Bright Horizons Family Solutions’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 EPS. equities research analysts forecast that Bright Horizons Family Solutions Inc will post 2.5 earnings per share for the current year.

Several research firms recently weighed in on BFAM. Barclays raised their price objective on Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. BidaskClub raised Bright Horizons Family Solutions from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $89.00 price objective on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 20th. Macquarie began coverage on Bright Horizons Family Solutions in a research note on Thursday, December 21st. They issued a “neutral” rating and a $95.00 price objective for the company. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Friday, November 3rd. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $95.57.

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Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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