Catalyst Capital Advisors LLC Buys New Stake in Bright Horizons Family Solutions Inc (NYSE:BFAM)

Catalyst Capital Advisors LLC bought a new stake in shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,400 shares of the company’s stock, valued at approximately $1,413,000.

A number of other large investors have also recently bought and sold shares of BFAM. AMI Asset Management Corp purchased a new stake in Bright Horizons Family Solutions during the third quarter valued at approximately $32,957,000. BlackRock Inc. raised its holdings in shares of Bright Horizons Family Solutions by 4.9% in the second quarter. BlackRock Inc. now owns 3,182,061 shares of the company’s stock worth $480,078,000 after buying an additional 148,834 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of Bright Horizons Family Solutions by 1,434.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 123,951 shares of the company’s stock worth $18,629,000 after buying an additional 115,875 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Bright Horizons Family Solutions by 3.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,480,464 shares of the company’s stock worth $378,271,000 after buying an additional 88,655 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Bright Horizons Family Solutions by 262.0% in the third quarter. Barclays PLC now owns 69,688 shares of the company’s stock worth $10,628,000 after buying an additional 50,437 shares during the last quarter. 96.47% of the stock is owned by institutional investors.

A number of research firms have issued reports on BFAM. ValuEngine cut shares of Bright Horizons Family Solutions from a “sell” rating to a “strong sell” rating in a report on Tuesday, February 4th. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Monday, December 30th. BMO Capital Markets raised their price target on shares of Bright Horizons Family Solutions from $167.00 to $178.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, Jefferies Financial Group began coverage on shares of Bright Horizons Family Solutions in a report on Wednesday, November 27th. They issued a “buy” rating and a $177.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Bright Horizons Family Solutions currently has an average rating of “Hold” and a consensus target price of $161.00.

In other news, Director Mary Ann Tocio sold 20,000 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $150.47, for a total value of $3,009,400.00. Following the sale, the director now owns 122,282 shares in the company, valued at $18,399,772.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman David H. Lissy sold 10,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $150.39, for a total transaction of $1,503,900.00. Following the completion of the sale, the chairman now owns 307,574 shares in the company, valued at approximately $46,256,053.86. The disclosure for this sale can be found here. Insiders sold 36,834 shares of company stock worth $5,587,221 in the last quarter. Company insiders own 1.90% of the company’s stock.

NYSE BFAM opened at $173.74 on Friday. The stock has a market cap of $9.91 billion, a P/E ratio of 57.53, a P/E/G ratio of 4.31 and a beta of 0.27. Bright Horizons Family Solutions Inc has a 12-month low of $117.92 and a 12-month high of $175.00. The company has a fifty day simple moving average of $161.49 and a two-hundred day simple moving average of $155.43. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.15.

Bright Horizons Family Solutions 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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