Bright Horizons Family Solutions (NYSE:BFAM) Reaches New 1-Year Low – Here’s Why

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) reached a new 52-week low on Tuesday . The stock traded as low as $89.43 and last traded at $89.7830, with a volume of 6252 shares traded. The stock had previously closed at $92.18.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of Bright Horizons Family Solutions from $120.00 to $107.00 and set a “neutral” rating for the company in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bright Horizons Family Solutions in a report on Monday, December 29th. Robert W. Baird set a $136.00 price target on shares of Bright Horizons Family Solutions in a report on Friday, October 31st. Wall Street Zen lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Finally, Morgan Stanley reduced their price target on shares of Bright Horizons Family Solutions from $99.00 to $93.00 and set an “underweight” rating for the company in a research report on Wednesday, December 17th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $126.43.

Bright Horizons Family Solutions Stock Performance

The company’s 50-day moving average price is $99.57 and its two-hundred day moving average price is $105.70. The stock has a market cap of $5.00 billion, a PE ratio of 25.44, a PEG ratio of 1.13 and a beta of 1.40. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.54 and a current ratio of 0.54.

Institutional Trading of Bright Horizons Family Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Financial Consulate Inc. bought a new stake in Bright Horizons Family Solutions during the 3rd quarter valued at $26,000. TruNorth Capital Management LLC bought a new position in Bright Horizons Family Solutions during the 3rd quarter valued at approximately $28,000. Rothschild Investment LLC lifted its holdings in Bright Horizons Family Solutions by 6,700.0% in the 3rd quarter. Rothschild Investment LLC now owns 340 shares of the company’s stock worth $37,000 after buying an additional 335 shares during the period. SJS Investment Consulting Inc. grew its position in shares of Bright Horizons Family Solutions by 9,075.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 367 shares of the company’s stock worth $40,000 after buying an additional 363 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Bright Horizons Family Solutions by 34.4% during the fourth quarter. Signaturefd LLC now owns 426 shares of the company’s stock valued at $43,000 after acquiring an additional 109 shares in the last quarter.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.