Fifth Third Bancorp boosted its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 27,305.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 177,589 shares of the company’s stock after purchasing an additional 176,941 shares during the period. Fifth Third Bancorp’s holdings in Bright Horizons Family Solutions were worth $14,585,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tudor Investment Corp ET AL purchased a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $19,098,000. M&T Bank Corp grew its stake in shares of Bright Horizons Family Solutions by 6,909.9% in the 4th quarter. M&T Bank Corp now owns 136,904 shares of the company’s stock valued at $13,882,000 after buying an additional 134,951 shares in the last quarter. Mayar Capital Ltd. increased its holdings in Bright Horizons Family Solutions by 73.6% in the fourth quarter. Mayar Capital Ltd. now owns 80,934 shares of the company’s stock worth $8,207,000 after buying an additional 34,300 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Bright Horizons Family Solutions by 117.1% in the fourth quarter. Hsbc Holdings PLC now owns 64,098 shares of the company’s stock worth $6,489,000 after buying an additional 34,574 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Bright Horizons Family Solutions by 84.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 28,748 shares of the company’s stock valued at $2,940,000 after acquiring an additional 13,192 shares in the last quarter.
Bright Horizons Family Solutions Price Performance
Shares of Bright Horizons Family Solutions stock opened at $72.97 on Wednesday. The firm has a fifty day simple moving average of $67.56 and a 200-day simple moving average of $78.84. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78. Bright Horizons Family Solutions Inc. has a 1-year low of $57.63 and a 1-year high of $130.76. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 1.28 and a beta of 1.15.
Wall Street Analyst Weigh In
A number of analysts have issued reports on BFAM shares. JPMorgan Chase & Co. reduced their target price on shares of Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings downgraded shares of Bright Horizons Family Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Finally, UBS Group reduced their price objective on shares of Bright Horizons Family Solutions from $93.00 to $88.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $96.12.
Read Our Latest Report on BFAM
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.
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