Macquarie Group Ltd. Has $20.51 Million Position in Bright Horizons Family Solutions Inc. (BFAM)

Macquarie Group Ltd. lowered its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 22.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,625 shares of the company’s stock after selling 78,675 shares during the period. Macquarie Group Ltd. owned approximately 0.45% of Bright Horizons Family Solutions worth $20,509,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Acrospire Investment Management LLC increased its position in shares of Bright Horizons Family Solutions by 250.0% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock valued at $108,000 after acquiring an additional 1,000 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of Bright Horizons Family Solutions during the second quarter valued at approximately $123,000. Advisor Group Inc. increased its position in shares of Bright Horizons Family Solutions by 213.6% during the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock valued at $152,000 after acquiring an additional 1,354 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Bright Horizons Family Solutions by 83.5% during the first quarter. BNP Paribas Arbitrage SA now owns 2,621 shares of the company’s stock valued at $190,000 after acquiring an additional 1,193 shares in the last quarter. Finally, Connable Office Inc. bought a new stake in shares of Bright Horizons Family Solutions during the second quarter valued at approximately $208,000. 97.08% of the stock is owned by institutional investors.

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $82.33, for a total transaction of $823,300.00. Following the transaction, the chief financial officer now owns 150,717 shares in the company, valued at approximately $12,408,530.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $79.98, for a total transaction of $79,980.00. Following the transaction, the chief operating officer now owns 32,266 shares in the company, valued at approximately $2,580,634.68. The disclosure for this sale can be found here. Insiders have sold a total of 61,763 shares of company stock worth $4,920,470 in the last 90 days. 2.90% of the stock is currently owned by company insiders.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Barclays PLC raised their price target on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. BidaskClub raised shares of Bright Horizons Family Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Royal Bank Of Canada reissued a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $85.00 price target (up previously from $83.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Bright Horizons Family Solutions currently has an average rating of “Buy” and an average target price of $85.83.

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Shares of Bright Horizons Family Solutions Inc. (BFAM) opened at 85.445 on Thursday. The stock has a market cap of $5.05 billion, a PE ratio of 45.595 and a beta of 0.14. The company has a 50-day moving average of $82.14 and a 200 day moving average of $78.08. Bright Horizons Family Solutions Inc. has a one year low of $59.00 and a one year high of $88.13.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The business had revenue of $445.55 million for the quarter, compared to analyst estimates of $443.90 million. During the same quarter in the prior year, the business posted $0.61 EPS. Bright Horizons Family Solutions’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts predict that Bright Horizons Family Solutions Inc. will post $2.64 earnings per share for the current year.

Bright Horizons Family Solutions Company 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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