Lord Abbett & CO. LLC Has $56.11 Million Position in Bright Horizons Family Solutions Inc (BFAM)

Lord Abbett & CO. LLC boosted its stake in shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) by 226.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 503,466 shares of the company’s stock after buying an additional 349,470 shares during the period. Lord Abbett & CO. LLC owned approximately 0.87% of Bright Horizons Family Solutions worth $56,111,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. BOKF NA purchased a new position in shares of Bright Horizons Family Solutions in the 4th quarter worth $954,000. RMB Capital Management LLC boosted its stake in shares of Bright Horizons Family Solutions by 0.7% in the 4th quarter. RMB Capital Management LLC now owns 85,179 shares of the company’s stock worth $9,493,000 after buying an additional 593 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Bright Horizons Family Solutions by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 553,845 shares of the company’s stock worth $61,726,000 after buying an additional 35,657 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Bright Horizons Family Solutions by 1.9% in the 4th quarter. California State Teachers Retirement System now owns 90,528 shares of the company’s stock worth $10,089,000 after buying an additional 1,686 shares during the last quarter. Finally, Brown Advisory Inc. boosted its stake in shares of Bright Horizons Family Solutions by 1.0% in the 4th quarter. Brown Advisory Inc. now owns 1,281,603 shares of the company’s stock worth $142,834,000 after buying an additional 12,213 shares during the last quarter. 96.89% of the stock is owned by institutional investors.

NYSE BFAM opened at $125.70 on Thursday. The firm has a market cap of $7.26 billion, a P/E ratio of 41.49, a P/E/G ratio of 3.53 and a beta of 0.34. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.33. Bright Horizons Family Solutions Inc has a fifty-two week low of $91.29 and a fifty-two week high of $126.48.



Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Tuesday, February 12th. The company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.11. The company had revenue of $478.00 million for the quarter, compared to the consensus estimate of $481.48 million. Bright Horizons Family Solutions had a return on equity of 23.49% and a net margin of 8.30%. Bright Horizons Family Solutions’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 earnings per share. On average, equities research analysts anticipate that Bright Horizons Family Solutions Inc will post 3.35 EPS for the current year.

A number of equities analysts have recently issued reports on the company. Citigroup raised their price target on Bright Horizons Family Solutions from $117.00 to $126.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. ValuEngine upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Zacks Investment Research downgraded Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 1st. BMO Capital Markets raised their price target on Bright Horizons Family Solutions from $120.00 to $122.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 13th. Finally, Bank of America restated a “neutral” rating and issued a $123.00 price target (up from $115.00) on shares of Bright Horizons Family Solutions in a research note on Wednesday, February 13th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $119.44.

In other Bright Horizons Family Solutions news, CEO Stephen Howard Kramer sold 4,000 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $123.13, for a total transaction of $492,520.00. Following the sale, the chief executive officer now directly owns 90,949 shares of the company’s stock, valued at $11,198,550.37. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Mandy Berman sold 5,294 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $119.70, for a total value of $633,691.80. Following the sale, the chief accounting officer now directly owns 22,768 shares in the company, valued at $2,725,329.60. The disclosure for this sale can be found here. Insiders have sold 29,552 shares of company stock worth $3,553,324 over the last quarter. 2.20% of the stock is owned by company insiders.

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About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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

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