Bright Horizons Family Solutions Inc. (BFAM) Shares Sold by Bishop Rock Capital L.P.

Bishop Rock Capital L.P. lowered its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 32.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,932 shares of the company’s stock after selling 33,623 shares during the quarter. Bright Horizons Family Solutions comprises approximately 4.2% of Bishop Rock Capital L.P.’s holdings, making the stock its 9th largest holding. Bishop Rock Capital L.P. owned 0.12% of Bright Horizons Family Solutions worth $5,943,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Westfield Capital Management Co. LP increased its holdings in shares of Bright Horizons Family Solutions by 3.1% in the 2nd quarter. Westfield Capital Management Co. LP now owns 548,446 shares of the company’s stock worth $42,346,000 after buying an additional 16,659 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Bright Horizons Family Solutions by 79.2% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 37,108 shares of the company’s stock worth $2,865,000 after buying an additional 16,400 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Bright Horizons Family Solutions by 11.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock worth $300,237,000 after buying an additional 410,335 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Bright Horizons Family Solutions by 4.1% in the 2nd quarter. California State Teachers Retirement System now owns 90,101 shares of the company’s stock worth $6,957,000 after buying an additional 3,583 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Bright Horizons Family Solutions by 7.8% in the 2nd quarter. Swiss National Bank now owns 79,179 shares of the company’s stock worth $6,113,000 after buying an additional 5,700 shares during the last quarter. Institutional investors and hedge funds own 99.74% of the company’s stock.

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 6,666 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $80.09, for a total value of $533,879.94. Following the completion of the sale, the director now directly owns 67,284 shares of the company’s stock, valued at approximately $5,388,775.56. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Joshua Bekenstein sold 3,504,999 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $87.26, for a total transaction of $305,846,212.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,620,458 shares of company stock valued at $315,782,740. 2.90% of the stock is owned by corporate insiders.

Several brokerages recently commented on BFAM. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Tuesday, November 7th. Citigroup upped their price target on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Robert W. Baird reiterated a “hold” rating on shares of Bright Horizons Family Solutions in a report on Friday, November 3rd. BMO Capital Markets reiterated a “hold” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, October 25th. Finally, Credit Suisse Group upped their price target on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $90.67.

Bright Horizons Family Solutions Inc. (BFAM) opened at $90.42 on Thursday. The company has a market cap of $5,347.26, a PE ratio of 37.88, a P/E/G ratio of 1.81 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 $93.13.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $433.30 million during the quarter, compared to analysts’ expectations of $429.36 million. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. equities analysts predict that Bright Horizons Family Solutions Inc. will post 2.49 earnings per share for the current fiscal year.

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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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