People s United Financial Inc. Grows Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

People s United Financial Inc. boosted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,731 shares of the company’s stock after buying an additional 88 shares during the period. People s United Financial Inc.’s holdings in Bright Horizons Family Solutions were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in BFAM. Price T Rowe Associates Inc. MD grew its stake in Bright Horizons Family Solutions by 16.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,288,061 shares of the company’s stock valued at $1,592,438,000 after buying an additional 1,317,666 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Bright Horizons Family Solutions by 70.6% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,512,088 shares of the company’s stock valued at $259,247,000 after purchasing an additional 625,557 shares during the period. BlackRock Inc. boosted its holdings in Bright Horizons Family Solutions by 17.6% in the 1st quarter. BlackRock Inc. now owns 4,014,933 shares of the company’s stock valued at $688,359,000 after purchasing an additional 602,247 shares during the period. William Blair Investment Management LLC boosted its holdings in Bright Horizons Family Solutions by 26.2% in the 1st quarter. William Blair Investment Management LLC now owns 1,550,964 shares of the company’s stock valued at $265,913,000 after purchasing an additional 321,792 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in Bright Horizons Family Solutions by 3,947.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 269,134 shares of the company’s stock valued at $39,592,000 after purchasing an additional 262,485 shares during the period. Institutional investors and hedge funds own 97.05% of the company’s stock.

In related news, Director Mary Ann Tocio sold 10,000 shares of Bright Horizons Family Solutions stock in a transaction on Thursday, August 12th. The shares were sold at an average price of $144.06, for a total value of $1,440,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Elizabeth J. Boland sold 3,000 shares of Bright Horizons Family Solutions stock in a transaction on Wednesday, July 14th. The stock was sold at an average price of $152.88, for a total transaction of $458,640.00. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Several brokerages have commented on BFAM. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and raised their price target for the company from $158.00 to $173.00 in a report on Tuesday, July 6th. Morgan Stanley raised their price target on shares of Bright Horizons Family Solutions from $136.00 to $139.00 and gave the company an “underweight” rating in a report on Thursday, August 5th. Jefferies Financial Group began coverage on shares of Bright Horizons Family Solutions in a report on Thursday, August 5th. They issued a “buy” rating and a $215.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, August 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $173.88.

NYSE BFAM opened at $148.87 on Thursday. Bright Horizons Family Solutions Inc. has a 52-week low of $131.01 and a 52-week high of $182.50. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $9.02 billion, a P/E ratio of 413.53, a P/E/G ratio of 3.06 and a beta of 0.85. The company has a fifty day moving average of $146.15 and a 200-day moving average of $150.79.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Tuesday, August 3rd. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. Bright Horizons Family Solutions had a net margin of 1.41% and a return on equity of 3.85%. The company had revenue of $441.48 million during the quarter, compared to the consensus estimate of $438.93 million. During the same period in the previous year, the firm posted $0.44 EPS. The firm’s revenue was up 50.3% compared to the same quarter last year. As a group, analysts forecast that Bright Horizons Family Solutions Inc. will post 1.92 EPS for the current fiscal year.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions, Inc engages in the provision of child care and early education; dependent care, and workforce education services. It operates through the following segments: Full Service Center-Based Child Care, Back-Up Care Services, and Educational Advisory Services. The Full Service Center-Based Child Care segment comprises of traditional center-based child care and early education, preschool, and elementary education.

Further Reading: Average Daily Trade Volume Explained

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

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