American International Group Inc. Has $1,694,000 Position in Bright Horizons Family Solutions Inc. (BFAM)

American International Group Inc. Has $1,694,000 Position in Bright Horizons Family Solutions Inc. (BFAM)

American International Group Inc. raised its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 0.2% during the third quarter, Holdings Channel reports. The institutional investor owned 25,328 shares of the company’s stock after buying an additional 38 shares during the period. American International Group Inc.’s holdings in Bright Horizons Family Solutions were worth $1,694,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BFAM. Mackenzie Financial Corp increased its position in Bright Horizons Family Solutions by 0.8% in the second quarter. Mackenzie Financial Corp now owns 13,400 shares of the company’s stock worth $889,000 after buying an additional 100 shares in the last quarter. Jefferies Group LLC increased its position in Bright Horizons Family Solutions by 3.4% in the second quarter. Jefferies Group LLC now owns 4,536 shares of the company’s stock worth $301,000 after buying an additional 151 shares in the last quarter. Aperio Group LLC increased its position in Bright Horizons Family Solutions by 4.5% in the third quarter. Aperio Group LLC now owns 3,932 shares of the company’s stock worth $263,000 after buying an additional 169 shares in the last quarter. Independent Portfolio Consultants Inc. increased its position in Bright Horizons Family Solutions by 5.1% in the third quarter. Independent Portfolio Consultants Inc. now owns 3,840 shares of the company’s stock worth $257,000 after buying an additional 185 shares in the last quarter. Finally, BlackRock Group LTD increased its position in Bright Horizons Family Solutions by 1.3% in the third quarter. BlackRock Group LTD now owns 23,572 shares of the company’s stock worth $1,575,000 after buying an additional 301 shares in the last quarter. 99.58% of the stock is owned by hedge funds and other institutional investors.

Bright Horizons Family Solutions Inc. (NYSE:BFAM) traded down 0.16% during mid-day trading on Friday, reaching $70.30. The company had a trading volume of 103,428 shares. The company’s 50 day moving average is $70.15 and its 200 day moving average is $68.11. Bright Horizons Family Solutions Inc. has a 52-week low of $59.00 and a 52-week high of $72.80. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 42.53 and a beta of 0.17.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.01. Bright Horizons Family Solutions had a net margin of 6.58% and a return on equity of 16.87%. The firm had revenue of $383.90 million for the quarter, compared to the consensus estimate of $387.82 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Equities analysts predict that Bright Horizons Family Solutions Inc. will post $2.16 earnings per share for the current year.

BFAM has been the topic of a number of research analyst reports. William Blair downgraded Bright Horizons Family Solutions from an “outperform” rating to a “market weight” rating in a report on Wednesday, November 2nd. Zacks Investment Research raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Friday, November 18th. Barclays PLC reissued a “buy” rating and issued a $80.00 price target on shares of Bright Horizons Family Solutions in a report on Wednesday, January 11th. BMO Capital Markets reissued a “hold” rating on shares of Bright Horizons Family Solutions in a report on Monday, November 14th. Finally, RBC Capital Markets set a $78.00 price target on Bright Horizons Family Solutions and gave the stock a “buy” rating in a report on Saturday, January 21st. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $74.63.

In related news, Director Marguerite Kondracke sold 1,000 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $63.43, for a total transaction of $63,430.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at $380,580. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mary Lou Burke sold 2,222 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $63.58, for a total value of $141,274.76. Following the transaction, the chief operating officer now owns 31,742 shares in the company, valued at $2,018,156.36. The disclosure for this sale can be found here. Insiders have sold 1,797,147 shares of company stock worth $127,713,546 over the last 90 days. Corporate insiders own 4.00% of the company’s stock.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions. The Company’s segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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