Massmutual Trust Co. FSB ADV Acquires 167 Shares of Bright Horizons Family Solutions Inc (NYSE:BFAM)

Massmutual Trust Co. FSB ADV raised its position in shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,167 shares of the company’s stock after purchasing an additional 167 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Bright Horizons Family Solutions were worth $2,025,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its holdings in Bright Horizons Family Solutions by 312.1% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 272 shares of the company’s stock valued at $30,000 after acquiring an additional 206 shares during the period. Enlightenment Research LLC bought a new stake in Bright Horizons Family Solutions during the fourth quarter valued at about $67,000. NumerixS Investment Technologies Inc boosted its holdings in Bright Horizons Family Solutions by 133.7% during the fourth quarter. NumerixS Investment Technologies Inc now owns 701 shares of the company’s stock valued at $78,000 after acquiring an additional 401 shares during the period. SG Americas Securities LLC bought a new stake in Bright Horizons Family Solutions during the fourth quarter valued at about $114,000. Finally, Ffcm LLC boosted its holdings in Bright Horizons Family Solutions by 186.5% during the fourth quarter. Ffcm LLC now owns 1,166 shares of the company’s stock valued at $130,000 after acquiring an additional 759 shares during the period. Institutional investors and hedge funds own 97.50% of the company’s stock.

In other news, CAO Mandy Berman sold 5,294 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $119.70, for a total transaction of $633,691.80. Following the sale, the chief accounting officer now directly owns 22,768 shares of the company’s stock, valued at $2,725,329.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen I. Dreier sold 443 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $127.75, for a total transaction of $56,593.25. Following the sale, the executive vice president now directly owns 69,784 shares in the company, valued at $8,914,906. The disclosure for this sale can be found here. Insiders have sold 77,516 shares of company stock worth $9,602,186 over the last ninety days. Insiders own 1.90% of the company’s stock.

NYSE:BFAM traded down $0.67 during mid-day trading on Friday, hitting $125.48. The company’s stock had a trading volume of 255,125 shares, compared to its average volume of 167,657. Bright Horizons Family Solutions Inc has a fifty-two week low of $91.29 and a fifty-two week high of $129.32. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $7.29 billion, a PE ratio of 41.41, a price-to-earnings-growth ratio of 3.54 and a beta of 0.34.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Tuesday, February 12th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.11. The firm had revenue of $478.00 million during the quarter, compared to analyst estimates of $481.48 million. Bright Horizons Family Solutions had a net margin of 8.30% and a return on equity of 23.49%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.73 earnings per share. On average, research analysts expect that Bright Horizons Family Solutions Inc will post 3.35 EPS for the current year.

A number of research analysts have recently commented on BFAM shares. ValuEngine raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, January 1st. BMO Capital Markets upped their price objective on shares of Bright Horizons Family Solutions from $120.00 to $122.00 and gave the company a “market perform” rating in a research report on Wednesday, February 13th. Citigroup upped their price objective on shares of Bright Horizons Family Solutions from $117.00 to $126.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Finally, Bank of America reissued a “neutral” rating and issued a $123.00 price target (up previously from $115.00) on shares of Bright Horizons Family Solutions in a research report on Wednesday, February 13th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $124.71.

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Bright Horizons Family Solutions Company Profile

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

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

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