Roosevelt Investment Group Inc. increased its position in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 65.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,111 shares of the company’s stock after purchasing an additional 41,224 shares during the quarter. Roosevelt Investment Group Inc. owned approximately 0.18% of Bright Horizons Family Solutions worth $12,268,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV increased its position in Bright Horizons Family Solutions by 49,900.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 18,000 shares of the company’s stock worth $2,121,000 after purchasing an additional 17,964 shares during the period. Bank of New York Mellon Corp increased its position in Bright Horizons Family Solutions by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 257,843 shares of the company’s stock worth $30,383,000 after purchasing an additional 10,507 shares during the period. Trillium Asset Management LLC increased its position in Bright Horizons Family Solutions by 1.8% in the third quarter. Trillium Asset Management LLC now owns 64,807 shares of the company’s stock worth $7,637,000 after purchasing an additional 1,175 shares during the period. Artemis Investment Management LLP grew its position in shares of Bright Horizons Family Solutions by 6.2% during the 3rd quarter. Artemis Investment Management LLP now owns 302,831 shares of the company’s stock worth $35,687,000 after buying an additional 17,747 shares during the period. Finally, EAM Investors LLC acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $3,229,000. Hedge funds and other institutional investors own 98.49% of the company’s stock.

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $113.34, for a total value of $124,674.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director E Townes Duncan sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $117.39, for a total value of $234,780.00. The disclosure for this sale can be found here. Insiders sold a total of 32,300 shares of company stock worth $3,758,970 in the last 90 days. Company insiders own 2.20% of the company’s stock.

Several research firms have recently issued reports on BFAM. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Monday, September 3rd. Robert W. Baird boosted their target price on Bright Horizons Family Solutions from $115.00 to $122.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. JPMorgan Chase & Co. boosted their target price on Bright Horizons Family Solutions from $121.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 2nd. BMO Capital Markets decreased their target price on Bright Horizons Family Solutions from $123.00 to $120.00 and set a “market perform” rating for the company in a research report on Tuesday, November 6th. Finally, Barclays boosted their target price on Bright Horizons Family Solutions from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 2nd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Bright Horizons Family Solutions currently has an average rating of “Hold” and a consensus target price of $113.36.

NYSE:BFAM opened at $117.29 on Wednesday. Bright Horizons Family Solutions Inc has a fifty-two week low of $87.13 and a fifty-two week high of $122.01. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 1.33. The stock has a market cap of $6.91 billion, a PE ratio of 46.00, a price-to-earnings-growth ratio of 3.34 and a beta of 0.19.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.73 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. Bright Horizons Family Solutions had a return on equity of 22.55% and a net margin of 8.73%. The business had revenue of $472.00 million for the quarter, compared to analysts’ expectations of $471.85 million. During the same quarter in the previous year, the business posted $0.62 EPS. Bright Horizons Family Solutions’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities analysts expect that Bright Horizons Family Solutions Inc will post 2.97 EPS for the current fiscal year.

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Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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

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