Quest Partners LLC Has $240,000 Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Quest Partners LLC lessened its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 77.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,715 shares of the company’s stock after selling 5,998 shares during the period. Quest Partners LLC’s holdings in Bright Horizons Family Solutions were worth $240,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of BFAM. CANADA LIFE ASSURANCE Co grew its position in Bright Horizons Family Solutions by 141.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock valued at $1,676,000 after purchasing an additional 8,666 shares during the period. Comerica Bank grew its holdings in shares of Bright Horizons Family Solutions by 8.0% during the first quarter. Comerica Bank now owns 148,090 shares of the company’s stock valued at $16,787,000 after buying an additional 10,965 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Bright Horizons Family Solutions during the first quarter worth about $278,000. LRI Investments LLC acquired a new stake in shares of Bright Horizons Family Solutions in the 1st quarter worth about $153,000. Finally, Aurora Investment Counsel lifted its position in Bright Horizons Family Solutions by 1.4% in the 1st quarter. Aurora Investment Counsel now owns 17,713 shares of the company’s stock valued at $2,008,000 after acquiring an additional 252 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BFAM shares. The Goldman Sachs Group lifted their target price on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Baird R W upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Morgan Stanley raised their price target on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research report on Tuesday, November 5th. Barclays upped their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, UBS Group lifted their target price on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $141.50.

Bright Horizons Family Solutions Stock Up 0.4 %

BFAM opened at $115.12 on Wednesday. Bright Horizons Family Solutions Inc. has a 12 month low of $86.79 and a 12 month high of $141.90. The company has a market cap of $6.70 billion, a PE ratio of 57.84 and a beta of 1.49. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $128.01 and a 200 day moving average of $122.58.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The firm had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. During the same period last year, the company earned $0.78 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Insider Activity

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the sale, the chief operating officer now owns 31,025 shares of the company’s stock, valued at $4,248,563.50. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.22% of the stock is owned by company insiders.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.