NewEdge Wealth LLC lifted its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 33.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 37,454 shares of the company’s stock after buying an additional 9,375 shares during the period. NewEdge Wealth LLC owned 0.07% of Bright Horizons Family Solutions worth $3,076,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in Bright Horizons Family Solutions by 23.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,026,442 shares of the company’s stock worth $306,881,000 after acquiring an additional 582,976 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth $191,952,000. Capital World Investors boosted its holdings in shares of Bright Horizons Family Solutions by 16.9% during the fourth quarter. Capital World Investors now owns 1,779,738 shares of the company’s stock worth $180,465,000 after purchasing an additional 257,813 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Bright Horizons Family Solutions by 64.4% in the fourth quarter. AQR Capital Management LLC now owns 1,579,757 shares of the company’s stock valued at $160,124,000 after purchasing an additional 619,067 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Bright Horizons Family Solutions by 31.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,334,650 shares of the company’s stock valued at $109,611,000 after purchasing an additional 316,919 shares during the period.
Bright Horizons Family Solutions Stock Performance
Bright Horizons Family Solutions stock opened at $75.65 on Friday. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 1.28 and a beta of 1.15. Bright Horizons Family Solutions Inc. has a 12 month low of $57.63 and a 12 month high of $130.76. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.46 and a quick ratio of 0.46. The stock’s 50-day moving average is $68.57 and its 200-day moving average is $77.53.
Analyst Ratings Changes
Several equities analysts recently weighed in on BFAM shares. Weiss Ratings downgraded Bright Horizons Family Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. lowered their price target on Bright Horizons Family Solutions from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Finally, UBS Group decreased their target price on shares of Bright Horizons Family Solutions from $88.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, July 17th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of “Hold” and a consensus price target of $96.00.
Check Out Our Latest Analysis on BFAM
Bright Horizons Family Solutions 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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