Amalgamated Bank grew its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM – Get Rating) by 6.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 13,201 shares of the company's stock after acquiring an additional 817 shares during the quarter. Amalgamated Bank's holdings in Bright Horizons Family Solutions were worth $1,752,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Bright Horizons Family Solutions by 58.0% in the 1st quarter. CWM LLC now owns 248 shares of the company's stock worth $33,000 after buying an additional 91 shares in the last quarter. Okabena Investment Services Inc. bought a new stake in shares of Bright Horizons Family Solutions in the 4th quarter worth $35,000. Daiwa Securities Group Inc. raised its stake in shares of Bright Horizons Family Solutions by 65.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 340 shares of the company's stock worth $45,000 after buying an additional 135 shares in the last quarter. Signaturefd LLC raised its stake in shares of Bright Horizons Family Solutions by 31.0% in the 1st quarter. Signaturefd LLC now owns 385 shares of the company's stock worth $51,000 after buying an additional 91 shares in the last quarter. Finally, First Bank & Trust raised its stake in shares of Bright Horizons Family Solutions by 75.8% in the 1st quarter. First Bank & Trust now owns 842 shares of the company's stock worth $112,000 after buying an additional 363 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.
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NYSE:BFAM opened at $57.34 on Tuesday. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 38.74 and a beta of 1.06. Bright Horizons Family Solutions Inc. has a 1-year low of $56.81 and a 1-year high of $171.91. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.87. The business's fifty day moving average price is $75.22 and its 200 day moving average price is $93.48.
Bright Horizons Family Solutions (NYSE:BFAM – Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.61 earnings per share for the quarter, meeting the consensus estimate of $0.61. The firm had revenue of $490.34 million for the quarter, compared to analyst estimates of $502.47 million. Bright Horizons Family Solutions had a return on equity of 10.72% and a net margin of 4.74%. During the same period in the previous year, the firm earned $0.41 earnings per share. On average, sell-side analysts forecast that Bright Horizons Family Solutions Inc. will post 2.34 earnings per share for the current fiscal year.Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on BFAM. Robert W. Baird cut their target price on Bright Horizons Family Solutions from $115.00 to $83.00 in a research report on Wednesday, August 3rd. Morgan Stanley cut their target price on Bright Horizons Family Solutions from $77.00 to $72.00 and set an "underweight" rating on the stock in a research report on Thursday, August 18th. Barclays cut their target price on Bright Horizons Family Solutions from $130.00 to $90.00 and set an "overweight" rating on the stock in a research report on Thursday, August 4th. The Goldman Sachs Group cut their target price on Bright Horizons Family Solutions from $144.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Bright Horizons Family Solutions from $91.00 to $77.00 in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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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