Virginia Retirement Systems ET AL Has $840,000 Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Virginia Retirement Systems ET AL reduced its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 31.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 4,900 shares of the company’s stock after selling 2,300 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Bright Horizons Family Solutions were worth $840,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of Bright Horizons Family Solutions during the first quarter worth about $52,000. JustInvest LLC acquired a new position in shares of Bright Horizons Family Solutions during the first quarter worth about $221,000. US Bancorp DE boosted its position in shares of Bright Horizons Family Solutions by 13.8% during the first quarter. US Bancorp DE now owns 8,673 shares of the company’s stock worth $1,487,000 after buying an additional 1,052 shares during the period. Park Avenue Securities LLC boosted its position in shares of Bright Horizons Family Solutions by 56.1% during the first quarter. Park Avenue Securities LLC now owns 2,051 shares of the company’s stock worth $352,000 after buying an additional 737 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Bright Horizons Family Solutions by 11.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 31,500 shares of the company’s stock worth $5,294,000 after buying an additional 3,120 shares during the period.

BFAM has been the subject of several recent research reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating and reduced their price target for the company from $180.00 to $170.00 in a research report on Monday, May 10th. BMO Capital Markets reduced their price target on Bright Horizons Family Solutions from $168.00 to $158.00 and set a “market perform” rating for the company in a research report on Friday, May 7th. Jefferies Financial Group upped their price objective on Bright Horizons Family Solutions from $210.00 to $215.00 in a research note on Thursday, March 18th. Citigroup upgraded Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Monday, May 10th. Finally, Barclays upped their price objective on Bright Horizons Family Solutions from $145.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Bright Horizons Family Solutions presently has a consensus rating of “Hold” and an average target price of $173.38.

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 3,000 shares of the firm’s stock in a transaction on Monday, April 12th. The stock was sold at an average price of $164.82, for a total value of $494,460.00. Following the sale, the director now owns 66,259 shares of the company’s stock, valued at approximately $10,920,808.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David H. Lissy sold 24,890 shares of the firm’s stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $181.05, for a total value of $4,506,334.50. Following the completion of the sale, the director now directly owns 208,617 shares in the company, valued at approximately $37,770,107.85. The disclosure for this sale can be found here. Insiders have sold 45,696 shares of company stock worth $8,037,730 in the last three months. 1.60% of the stock is currently owned by company insiders.

Shares of NYSE:BFAM opened at $134.91 on Monday. The company has a market capitalization of $8.23 billion, a P/E ratio of 109.68, a P/E/G ratio of 9.45 and a beta of 0.83. Bright Horizons Family Solutions Inc. has a 1 year low of $99.01 and a 1 year high of $182.50. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.22 and a quick ratio of 1.22. The business’s 50 day simple moving average is $159.09 and its 200 day simple moving average is $163.71.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Tuesday, February 16th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.79. The business had revenue of $377.08 million for the quarter, compared to the consensus estimate of $336.48 million. Bright Horizons Family Solutions had a return on equity of 10.63% and a net margin of 4.35%. On average, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 0.56 EPS for the current fiscal year.

Bright Horizons Family Solutions Company Profile

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

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

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