Claro Advisors LLC Purchases Shares of 1,965 Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Claro Advisors LLC acquired a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,965 shares of the company’s stock, valued at approximately $275,000.

Several other hedge funds have also modified their holdings of BFAM. Connable Office Inc. increased its holdings in shares of Bright Horizons Family Solutions by 11.0% in the 3rd quarter. Connable Office Inc. now owns 3,551 shares of the company’s stock worth $498,000 after buying an additional 351 shares during the last quarter. Royce & Associates LP grew its position in Bright Horizons Family Solutions by 42.4% in the third quarter. Royce & Associates LP now owns 24,206 shares of the company’s stock worth $3,392,000 after acquiring an additional 7,206 shares in the last quarter. CIBC Asset Management Inc purchased a new position in Bright Horizons Family Solutions in the third quarter worth about $234,000. Impax Asset Management Group plc bought a new stake in Bright Horizons Family Solutions during the third quarter worth approximately $2,857,000. Finally, Curi RMB Capital LLC raised its position in Bright Horizons Family Solutions by 1.5% during the third quarter. Curi RMB Capital LLC now owns 87,396 shares of the company’s stock valued at $12,247,000 after purchasing an additional 1,274 shares during the period.

Insider Activity at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of the business’s 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 directly owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.22% of the stock is currently owned by corporate insiders.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM opened at $109.06 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $6.35 billion, a PE ratio of 54.80 and a beta of 1.49. The firm’s 50 day simple moving average is $130.24 and its 200-day simple moving average is $122.64. Bright Horizons Family Solutions Inc. has a one year low of $86.79 and a one year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The company had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. During the same period last year, the business posted $0.78 EPS. Bright Horizons Family Solutions’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities analysts predict that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group lifted their target price on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. 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 research note on Tuesday, November 5th. Barclays increased their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Robert W. Baird lifted their price target on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley increased their price objective on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of “Hold” and an average price target of $141.50.

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.