Frontier Capital Management Co. LLC Has $45.66 Million Holdings in Bright Horizons Family Solutions Inc (BFAM)

Frontier Capital Management Co. LLC reduced its stake in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 485,709 shares of the company’s stock after selling 33,931 shares during the quarter. Frontier Capital Management Co. LLC’s holdings in Bright Horizons Family Solutions were worth $45,657,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BFAM. Atlantic Trust Group LLC purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at $59,732,000. Vanguard Group Inc. grew its holdings in Bright Horizons Family Solutions by 11.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock valued at $300,237,000 after buying an additional 410,335 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Bright Horizons Family Solutions by 44.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,002,318 shares of the company’s stock valued at $85,938,000 after buying an additional 310,160 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Bright Horizons Family Solutions by 187.9% in the 2nd quarter. Renaissance Technologies LLC now owns 280,700 shares of the company’s stock valued at $21,673,000 after buying an additional 183,200 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in Bright Horizons Family Solutions in the 2nd quarter valued at $11,999,000. Institutional investors own 98.70% of the company’s stock.

In related news, Director Joshua Bekenstein sold 3,504,999 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $87.26, for a total transaction of $305,846,212.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David H. Lissy sold 79,112 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $87.26, for a total value of $6,903,313.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,609,475 shares of company stock worth $315,154,697. Corporate insiders own 2.90% of the company’s stock.

Bright Horizons Family Solutions Inc (BFAM) opened at $97.51 on Friday. Bright Horizons Family Solutions Inc has a 12 month low of $65.00 and a 12 month high of $98.16. The company has a market capitalization of $5,704.93, a price-to-earnings ratio of 40.41, a PEG ratio of 1.68 and a beta of 0.13. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.35.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a return on equity of 19.72% and a net margin of 7.22%. The business had revenue of $433.30 million for the quarter, compared to analyst estimates of $429.36 million. During the same quarter in the prior year, the company posted $0.49 EPS. The company’s quarterly revenue was up 12.9% on a year-over-year basis. sell-side analysts expect that Bright Horizons Family Solutions Inc will post 2.5 earnings per share for the current year.

Several analysts have issued reports on BFAM shares. BidaskClub upgraded Bright Horizons Family Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Barclays upped their target price on Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. Zacks Investment Research cut Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BMO Capital Markets restated a “hold” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, October 25th. Finally, Credit Suisse Group upped their price target on Bright Horizons Family Solutions from $83.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $98.25.

COPYRIGHT VIOLATION NOTICE: This report was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/3147103/frontier-capital-management-co-llc-has-45-66-million-holdings-in-bright-horizons-family-solutions-inc-bfam.html.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.