HighTower Advisors LLC cut its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 22.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,441 shares of the company’s stock after selling 999 shares during the period. HighTower Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $249,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. FTB Advisors Inc. increased its stake in Bright Horizons Family Solutions by 106.7% in the first quarter. FTB Advisors Inc. now owns 1,660 shares of the company’s stock worth $126,000 after buying an additional 857 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Bright Horizons Family Solutions by 83.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,621 shares of the company’s stock worth $190,000 after buying an additional 1,193 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Bright Horizons Family Solutions during the fourth quarter worth about $220,000. Comerica Bank bought a new stake in Bright Horizons Family Solutions during the fourth quarter worth about $232,000. Finally, Atria Investments LLC bought a new stake in Bright Horizons Family Solutions during the first quarter worth about $238,000. 99.33% of the stock is currently owned by institutional investors and hedge funds.

Bright Horizons Family Solutions Inc. (NYSE BFAM) opened at 79.55 on Friday. The company has a market cap of $4.76 billion, a PE ratio of 43.52 and a beta of 0.12. Bright Horizons Family Solutions Inc. has a 12-month low of $59.00 and a 12-month high of $81.23. The company’s 50-day moving average price is $77.32 and its 200-day moving average price is $73.43.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The firm had revenue of $422 million during the quarter, compared to analyst estimates of $422.32 million. Bright Horizons Family Solutions had a net margin of 6.93% and a return on equity of 18.51%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. Equities analysts anticipate that Bright Horizons Family Solutions Inc. will post $2.61 earnings per share for the current year.

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A number of analysts recently issued reports on BFAM shares. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Friday, June 2nd. BidaskClub cut Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Citigroup Inc. began coverage on Bright Horizons Family Solutions in a report on Tuesday. They set a “buy” rating and a $90.00 price target for the company. Finally, BMO Capital Markets reiterated a “hold” rating and set a $83.00 price target on shares of Bright Horizons Family Solutions in a report on Friday, May 5th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $81.00.

In other news, COO Mary Lou Burke sold 632 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $75.00, for a total transaction of $47,400.00. Following the completion of the sale, the chief operating officer now owns 31,380 shares in the company, valued at approximately $2,353,500. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Bain Capital Investors Llc sold 4,124,534 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $79.25, for a total transaction of $326,869,319.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,217,173 shares of company stock valued at $334,064,857. Company insiders own 2.90% of the company’s stock.

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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