Aureus Asset Management LLC Invests $212,000 in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Aureus Asset Management LLC purchased a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 1,516 shares of the company’s stock, valued at approximately $212,000.

A number of other large investors have also added to or reduced their stakes in BFAM. Raleigh Capital Management Inc. purchased a new stake in Bright Horizons Family Solutions during the 3rd quarter worth approximately $29,000. V Square Quantitative Management LLC acquired a new stake in Bright Horizons Family Solutions in the third quarter valued at $35,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Bright Horizons Family Solutions by 850.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after acquiring an additional 306 shares during the last quarter. True Wealth Design LLC bought a new position in Bright Horizons Family Solutions during the 3rd quarter valued at $49,000. Finally, Daiwa Securities Group Inc. grew its holdings in Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after acquiring an additional 165 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BFAM. JPMorgan Chase & Co. increased their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Barclays increased their target price on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $137.00 to $125.00 in a report on Monday, November 18th. UBS Group raised their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted their price objective on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.50.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM opened at $115.43 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market capitalization of $6.72 billion, a PE ratio of 58.01 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a 1-year low of $87.82 and a 1-year high of $141.90. The business’s fifty day moving average price is $125.75 and its two-hundred day moving average price is $122.64.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The business had revenue of $719.00 million for the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. On average, research analysts expect that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the transaction, the chief operating officer now owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.22% of the stock is owned by company insiders.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.