Dendur Capital LP Purchases New Position in Bright Horizons Family Solutions Inc (NYSE:BFAM)

Share on StockTwits

Dendur Capital LP purchased a new stake in shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 69,501 shares of the company’s stock, valued at approximately $8,146,000. Bright Horizons Family Solutions comprises about 3.1% of Dendur Capital LP’s investment portfolio, making the stock its 12th biggest position. Dendur Capital LP owned 0.12% of Bright Horizons Family Solutions as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in BFAM. Toronto Dominion Bank raised its stake in shares of Bright Horizons Family Solutions by 113.0% in the first quarter. Toronto Dominion Bank now owns 245 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the last quarter. Synovus Financial Corp increased its stake in Bright Horizons Family Solutions by 733.3% in the 1st quarter. Synovus Financial Corp now owns 350 shares of the company’s stock valued at $35,000 after purchasing an additional 308 shares in the last quarter. Private Capital Group LLC increased its stake in Bright Horizons Family Solutions by 508.8% in the 2nd quarter. Private Capital Group LLC now owns 487 shares of the company’s stock valued at $57,000 after purchasing an additional 407 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Bright Horizons Family Solutions by 60.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 706 shares of the company’s stock valued at $72,000 after purchasing an additional 266 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Bright Horizons Family Solutions in the 2nd quarter valued at approximately $75,000. 97.72% of the stock is currently owned by institutional investors.

Shares of BFAM stock traded down $0.87 during midday trading on Friday, hitting $136.26. 892,700 shares of the company were exchanged, compared to its average volume of 591,290. Bright Horizons Family Solutions Inc has a 52 week low of $64.23 and a 52 week high of $176.98. The firm’s 50 day moving average price is $121.78 and its two-hundred day moving average price is $120.16. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $8.23 billion, a P/E ratio of 48.49, a PEG ratio of 37.54 and a beta of 0.87.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.69) by $1.13. The business had revenue of $293.77 million during the quarter, compared to the consensus estimate of $206.16 million. Bright Horizons Family Solutions had a net margin of 6.56% and a return on equity of 16.55%. Analysts expect that Bright Horizons Family Solutions Inc will post 0.66 EPS for the current year.

BFAM has been the subject of several research analyst reports. BMO Capital Markets raised their price objective on Bright Horizons Family Solutions from $125.00 to $127.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Morgan Stanley increased their target price on Bright Horizons Family Solutions from $107.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Jefferies Financial Group reiterated a “buy” rating on shares of Bright Horizons Family Solutions in a report on Tuesday, August 11th. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, ValuEngine upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Bright Horizons Family Solutions presently has an average rating of “Hold” and an average target price of $123.43.

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 3,000 shares of the stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $115.00, for a total transaction of $345,000.00. Following the completion of the transaction, the chief financial officer now owns 121,298 shares in the company, valued at $13,949,270. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary Ann Tocio sold 3,500 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $110.75, for a total transaction of $387,625.00. Following the transaction, the director now owns 79,759 shares of the company’s stock, valued at approximately $8,833,309.25. The disclosure for this sale can be found here. Insiders have sold 27,019 shares of company stock valued at $3,231,935 in the last quarter. Company insiders own 1.60% of the company’s stock.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

Recommended Story: How is the Producer Price Index calculated?

Want to see what other hedge funds are holding BFAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bright Horizons Family Solutions Inc (NYSE:BFAM).

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

Receive News & Ratings for Bright Horizons Family Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply