Tower Research Capital LLC TRC Decreases Position in Bright Horizons Family Solutions Inc (NYSE:BFAM)

Tower Research Capital LLC TRC lessened its stake in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 96.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 225 shares of the company’s stock after selling 7,058 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Bright Horizons Family Solutions were worth $34,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. FMR LLC increased its stake in shares of Bright Horizons Family Solutions by 6.3% in the first quarter. FMR LLC now owns 313,324 shares of the company’s stock worth $39,827,000 after purchasing an additional 18,502 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in Bright Horizons Family Solutions by 127.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 7,955 shares of the company’s stock valued at $1,011,000 after buying an additional 4,455 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in Bright Horizons Family Solutions by 120.9% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 5,700 shares of the company’s stock valued at $860,000 after buying an additional 3,120 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Bright Horizons Family Solutions by 1.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 55,842 shares of the company’s stock valued at $8,425,000 after buying an additional 895 shares in the last quarter. Finally, Ashfield Capital Partners LLC raised its holdings in Bright Horizons Family Solutions by 5.7% during the 2nd quarter. Ashfield Capital Partners LLC now owns 19,216 shares of the company’s stock valued at $2,899,000 after acquiring an additional 1,039 shares during the period. Institutional investors and hedge funds own 96.50% of the company’s stock.

Shares of NYSE:BFAM opened at $150.83 on Friday. The company has a 50 day moving average of $148.72 and a 200 day moving average of $150.73. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.15. The stock has a market cap of $8.76 billion, a P/E ratio of 49.78, a P/E/G ratio of 4.36 and a beta of 0.27. Bright Horizons Family Solutions Inc has a 12 month low of $105.15 and a 12 month high of $168.28.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Wednesday, October 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.06. Bright Horizons Family Solutions had a net margin of 8.88% and a return on equity of 23.34%. The business had revenue of $511.58 million for the quarter, compared to analysts’ expectations of $514.64 million. During the same period in the prior year, the company posted $0.73 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities analysts forecast that Bright Horizons Family Solutions Inc will post 3.41 earnings per share for the current fiscal year.

Several research firms have issued reports on BFAM. Morgan Stanley initiated coverage on Bright Horizons Family Solutions in a research report on Tuesday, October 8th. They set an “equal weight” rating and a $162.00 target price on the stock. ValuEngine cut Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $152.00 to $166.00 in a research note on Wednesday, September 11th. Jefferies Financial Group initiated coverage on Bright Horizons Family Solutions in a report on Wednesday, November 27th. They set a “buy” rating and a $177.00 price objective on the stock. Finally, Zacks Investment Research downgraded Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Bright Horizons Family Solutions has an average rating of “Hold” and a consensus price target of $152.67.

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $150.47, for a total value of $3,009,400.00. Following the sale, the director now owns 122,282 shares of the company’s stock, valued at approximately $18,399,772.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Stephen Howard Kramer sold 3,333 shares of Bright Horizons Family Solutions stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $151.47, for a total value of $504,849.51. Following the sale, the chief executive officer now owns 87,292 shares of the company’s stock, valued at approximately $13,222,119.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,263 shares of company stock worth $5,346,402. Insiders own 1.90% of the company’s stock.

Bright Horizons Family Solutions Profile

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

Recommended Story: How Investors Use a Balance Sheet

Want to see what other hedge funds are holding BFAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bright Horizons Family Solutions Inc (NYSE:BFAM).

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

Receive News & Ratings for Bright Horizons Family Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions and related companies with MarketBeat.com's FREE daily email newsletter.