Welch Capital Partners LLC NY trimmed its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,977 shares of the company’s stock after selling 2,558 shares during the period. Welch Capital Partners LLC NY owned about 0.09% of Bright Horizons Family Solutions worth $4,826,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BFAM. JPMorgan Chase & Co. lifted its position in shares of Bright Horizons Family Solutions by 3,798.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 692,158 shares of the company’s stock valued at $53,441,000 after acquiring an additional 674,404 shares during the period. Neuberger Berman Group LLC lifted its position in shares of Bright Horizons Family Solutions by 108.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,153,425 shares of the company’s stock valued at $89,056,000 after acquiring an additional 599,907 shares during the period. Vanguard Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 11.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock valued at $300,237,000 after acquiring an additional 410,335 shares during the period. Laurion Capital Management LP acquired a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter valued at approximately $17,171,000. Finally, Thrivent Financial For Lutherans lifted its position in shares of Bright Horizons Family Solutions by 218.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 307,286 shares of the company’s stock valued at $23,726,000 after acquiring an additional 210,776 shares during the period. Institutional investors own 97.71% of the company’s stock.

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In other Bright Horizons Family Solutions news, Director Joshua Bekenstein sold 3,504,999 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total value of $305,846,212.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David H. Lissy sold 79,112 shares of Bright Horizons Family Solutions 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 $6,903,313.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,650,889 shares of company stock valued at $318,185,942. Corporate insiders own 2.90% of the company’s stock.

A number of research firms have recently issued reports on BFAM. Credit Suisse Group lifted 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 research report on Thursday, November 2nd. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Friday, August 4th. BMO Capital Markets reissued a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, October 25th. BidaskClub raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $90.67.

Shares of Bright Horizons Family Solutions Inc. (BFAM) traded up $0.12 on Tuesday, hitting $87.67. 217,100 shares of the stock were exchanged, compared to its average volume of 280,342. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49. Bright Horizons Family Solutions Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $93.13. The stock has a market cap of $5,200.00, a PE ratio of 36.79, a price-to-earnings-growth ratio of 1.76 and a beta of 0.13.

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

Bright Horizons Family Solutions 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.

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

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