Integrated Quantitative Investments LLC acquired a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 7,727 shares of the company’s stock, valued at approximately $839,000.
Other institutional investors and hedge funds have also modified their holdings of the company. NewEdge Advisors LLC increased its position in Bright Horizons Family Solutions by 24.1% during the first quarter. NewEdge Advisors LLC now owns 6,750 shares of the company’s stock worth $858,000 after purchasing an additional 1,312 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Bright Horizons Family Solutions by 149.1% in the first quarter. Goldman Sachs Group Inc. now owns 614,293 shares of the company’s stock worth $78,040,000 after acquiring an additional 367,711 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Bright Horizons Family Solutions by 12.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 195,119 shares of the company’s stock worth $24,788,000 after acquiring an additional 20,859 shares during the period. Jane Street Group LLC raised its stake in shares of Bright Horizons Family Solutions by 646.2% in the first quarter. Jane Street Group LLC now owns 59,643 shares of the company’s stock valued at $7,577,000 after acquiring an additional 51,650 shares in the last quarter. Finally, Focus Partners Wealth boosted its holdings in Bright Horizons Family Solutions by 70.5% in the first quarter. Focus Partners Wealth now owns 4,516 shares of the company’s stock valued at $574,000 after purchasing an additional 1,868 shares during the period.
Bright Horizons Family Solutions Trading Up 2.8%
BFAM opened at $77.86 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.56. Bright Horizons Family Solutions Inc. has a 52 week low of $63.68 and a 52 week high of $132.99. The business’s 50 day moving average is $88.07 and its two-hundred day moving average is $99.47. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 1.46 and a beta of 1.42.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on BFAM shares. Zacks Research downgraded Bright Horizons Family Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Barclays lowered their price objective on Bright Horizons Family Solutions from $160.00 to $95.00 and set an “overweight” rating for the company in a research report on Tuesday, February 17th. BMO Capital Markets cut their target price on shares of Bright Horizons Family Solutions from $124.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. The Goldman Sachs Group decreased their price target on shares of Bright Horizons Family Solutions from $130.00 to $112.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft set a $99.00 price target on shares of Bright Horizons Family Solutions and gave the stock a “hold” rating in a report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $107.11.
Get Our Latest Stock Report on Bright Horizons Family Solutions
About Bright Horizons Family Solutions
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.
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