Quantitative Systematic Strategies LLC Raises Stock Holdings in Bright Horizons Family Solutions Inc (NYSE:BFAM)

Quantitative Systematic Strategies LLC boosted its stake in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 84.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,126 shares of the company’s stock after buying an additional 4,649 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Bright Horizons Family Solutions were worth $1,528,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. First Quadrant L P CA lifted its stake in Bright Horizons Family Solutions by 1,441.6% during the second quarter. First Quadrant L P CA now owns 15,416 shares of the company’s stock worth $2,326,000 after purchasing an additional 14,416 shares during the last quarter. Nippon Life Global Investors Americas Inc. lifted its position in Bright Horizons Family Solutions by 4.0% during the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 51,850 shares of the company’s stock valued at $7,823,000 after acquiring an additional 2,000 shares during the period. World Asset Management Inc lifted its position in Bright Horizons Family Solutions by 5.2% during the 2nd quarter. World Asset Management Inc now owns 1,894 shares of the company’s stock valued at $286,000 after acquiring an additional 93 shares during the period. Huntington National Bank purchased a new position in Bright Horizons Family Solutions during the 2nd quarter valued at about $33,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Bright Horizons Family Solutions by 13.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,041 shares of the company’s stock valued at $761,000 after acquiring an additional 583 shares during the period. Hedge funds and other institutional investors own 97.12% of the company’s stock.

NYSE BFAM traded up $1.51 during trading hours on Tuesday, hitting $149.31. 3,651 shares of the company’s stock traded hands, compared to its average volume of 271,865. The stock has a fifty day simple moving average of $151.48. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 49.68, a P/E/G ratio of 4.16 and a beta of 0.29. Bright Horizons Family Solutions Inc has a 52 week low of $105.15 and a 52 week high of $157.31.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. Bright Horizons Family Solutions had a net margin of 8.67% and a return on equity of 23.87%. The firm had revenue of $528.06 million for the quarter, compared to analyst estimates of $531.13 million. During the same quarter in the prior year, the business earned $0.87 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts predict that Bright Horizons Family Solutions Inc will post 3.39 earnings per share for the current fiscal year.

In other Bright Horizons Family Solutions news, Director Linda A. Mason sold 3,700 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $155.00, for a total value of $573,500.00. Following the completion of the sale, the director now directly owns 13,227 shares of the company’s stock, valued at approximately $2,050,185. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen I. Dreier sold 6,500 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $151.84, for a total transaction of $986,960.00. Following the completion of the sale, the executive vice president now directly owns 41,023 shares of the company’s stock, valued at $6,228,932.32. The disclosure for this sale can be found here. Insiders sold a total of 36,556 shares of company stock worth $5,302,127 in the last 90 days. 1.90% of the stock is currently owned by company insiders.

Several equities analysts recently commented on BFAM shares. BMO Capital Markets increased their price objective on shares of Bright Horizons Family Solutions to $152.00 and gave the company a “market perform” rating in a research report on Wednesday, July 10th. Goldman Sachs Group upgraded Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a research note on Thursday, June 20th. Zacks Investment Research downgraded Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Finally, ValuEngine downgraded Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $131.29.

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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