Atria Investments Inc Reduces Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Atria Investments Inc decreased its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 7.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,470 shares of the company’s stock after selling 1,656 shares during the period. Atria Investments Inc’s holdings in Bright Horizons Family Solutions were worth $2,158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its stake in Bright Horizons Family Solutions by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 649,111 shares of the company’s stock worth $71,954,000 after acquiring an additional 2,879 shares during the period. Bailard Inc. purchased a new stake in Bright Horizons Family Solutions in the fourth quarter worth $541,000. US Bancorp DE lifted its stake in Bright Horizons Family Solutions by 3.3% in the fourth quarter. US Bancorp DE now owns 10,744 shares of the company’s stock worth $1,191,000 after acquiring an additional 347 shares during the period. Proficio Capital Partners LLC purchased a new stake in Bright Horizons Family Solutions in the fourth quarter worth $3,072,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in Bright Horizons Family Solutions by 0.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company’s stock worth $1,463,000 after acquiring an additional 96 shares during the period.

Analyst Ratings Changes

Several brokerages have commented on BFAM. Jefferies Financial Group lowered their price objective on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. BMO Capital Markets raised their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. UBS Group lowered their price objective on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions has an average rating of “Moderate Buy” and an average price target of $137.67.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM opened at $127.52 on Monday. Bright Horizons Family Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $141.90. 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 business has a fifty day moving average price of $120.79 and a 200-day moving average price of $124.23. The company has a market capitalization of $7.31 billion, a PE ratio of 53.13 and a beta of 1.50.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. As a group, equities analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

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.