Moody National Bank Trust Division purchased a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM – Get Rating) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,850 shares of the company's stock, valued at approximately $410,000.
A number of other institutional investors have also recently made changes to their positions in BFAM. Select Equity Group L.P. acquired a new stake in shares of Bright Horizons Family Solutions in the fourth quarter worth approximately $75,964,000. Goldman Sachs Group Inc. boosted its stake in shares of Bright Horizons Family Solutions by 249.9% in the first quarter. Goldman Sachs Group Inc. now owns 476,170 shares of the company's stock worth $63,183,000 after acquiring an additional 340,088 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Bright Horizons Family Solutions by 1,534.7% in the first quarter. Assenagon Asset Management S.A. now owns 222,320 shares of the company's stock worth $29,500,000 after acquiring an additional 208,720 shares during the last quarter. Bank of Nova Scotia boosted its stake in shares of Bright Horizons Family Solutions by 2,336.8% in the first quarter. Bank of Nova Scotia now owns 181,270 shares of the company's stock worth $24,053,000 after acquiring an additional 173,831 shares during the last quarter. Finally, Eaton Vance Management boosted its stake in shares of Bright Horizons Family Solutions by 103.6% in the first quarter. Eaton Vance Management now owns 287,278 shares of the company's stock worth $38,120,000 after acquiring an additional 146,196 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.
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NYSE:BFAM opened at $63.24 on Monday. Bright Horizons Family Solutions Inc. has a 52 week low of $62.42 and a 52 week high of $171.91. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $3.66 billion, a P/E ratio of 42.73 and a beta of 1.06. The stock's fifty day moving average is $78.10 and its two-hundred day moving average is $96.39.
Bright Horizons Family Solutions (NYSE:BFAM – Get Rating) last posted its earnings results on Tuesday, August 2nd. The company reported $0.61 EPS for the quarter, meeting analysts' consensus estimates of $0.61. Bright Horizons Family Solutions had a return on equity of 10.72% and a net margin of 4.74%. The company had revenue of $490.34 million for the quarter, compared to the consensus estimate of $502.47 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. Equities analysts expect that Bright Horizons Family Solutions Inc. will post 2.34 EPS for the current year.Wall Street Analysts Forecast Growth
A number of research firms have weighed in on BFAM. Barclays lowered their price objective on Bright Horizons Family Solutions from $130.00 to $90.00 and set an "overweight" rating on the stock in a research note on Thursday, August 4th. Morgan Stanley lowered their price objective on Bright Horizons Family Solutions from $77.00 to $72.00 and set an "underweight" rating on the stock in a research note on Thursday, August 18th. BMO Capital Markets lowered their price objective on Bright Horizons Family Solutions from $112.00 to $105.00 and set an "outperform" rating on the stock in a research note on Thursday, August 4th. The Goldman Sachs Group lowered their price objective on Bright Horizons Family Solutions from $144.00 to $125.00 and set a "buy" rating on the stock in a research note on Wednesday, August 3rd. Finally, Robert W. Baird lowered their price objective on Bright Horizons Family Solutions from $115.00 to $83.00 in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions has an average rating of "Hold" and a consensus target price of $95.29.
About Bright Horizons Family Solutions
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Bright Horizons Family Solutions Inc provides early education and child care, back-up care, educational advisory, and other workplace solutions services 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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