Bright Horizons Family Solutions Inc. (BFAM) Shares Bought by KBC Group NV

KBC Group NV lifted its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 24.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,666 shares of the company’s stock after acquiring an additional 6,194 shares during the quarter. KBC Group NV owned 0.05% of Bright Horizons Family Solutions worth $2,730,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Acrospire Investment Management LLC boosted 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 acquiring an additional 1,000 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter worth approximately $123,000. Advisor Group Inc. boosted 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 acquiring an additional 1,354 shares in the last quarter. Keybank National Association OH purchased a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $221,000. Finally, Connable Office Inc. purchased a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter worth approximately $208,000. 99.74% of the stock is currently owned by institutional investors and hedge funds.

Bright Horizons Family Solutions Inc. (BFAM) traded down $0.50 during mid-day trading on Friday, reaching $91.56. The company had a trading volume of 363,602 shares, compared to its average volume of 271,325. Bright Horizons Family Solutions Inc. has a 12-month low of $65.00 and a 12-month high of $93.13. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The stock has a market cap of $5,430.88, a price-to-earnings ratio of 38.47, a P/E/G ratio of 1.83 and a beta of 0.13.

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

BFAM has been the topic of a number of recent research reports. Zacks Investment Research lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. BidaskClub raised Bright Horizons Family Solutions from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Barclays upped their target price 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. BMO Capital Markets reaffirmed a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, October 25th. Finally, Credit Suisse Group upped their target price on Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $90.67.

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 6,666 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $80.09, for a total value of $533,879.94. Following the completion of the transaction, the director now directly owns 67,284 shares in the company, valued at approximately $5,388,775.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David H. Lissy sold 79,112 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total value of $6,903,313.12. The disclosure for this sale can be found here. Insiders sold a total of 3,620,458 shares of company stock valued at $315,782,740 over the last quarter. 2.90% of the stock is currently owned by insiders.

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About Bright Horizons Family Solutions

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.

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

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