Landscape Capital Management L.L.C. Acquires New Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Landscape Capital Management L.L.C. purchased a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAMFree Report) during the third quarter, Holdings Channel.com reports. The firm purchased 7,013 shares of the company’s stock, valued at approximately $571,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eagle Bay Advisors LLC bought a new stake in Bright Horizons Family Solutions in the second quarter worth $26,000. Benjamin Edwards Inc. boosted its holdings in Bright Horizons Family Solutions by 141.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 302 shares of the company’s stock valued at $28,000 after acquiring an additional 177 shares during the period. Signaturefd LLC boosted its holdings in Bright Horizons Family Solutions by 60.7% during the 2nd quarter. Signaturefd LLC now owns 323 shares of the company’s stock valued at $30,000 after acquiring an additional 122 shares during the period. Pinebridge Investments L.P. purchased a new stake in Bright Horizons Family Solutions during the 2nd quarter valued at about $32,000. Finally, Spire Wealth Management boosted its holdings in Bright Horizons Family Solutions by 563.1% during the 2nd quarter. Spire Wealth Management now owns 431 shares of the company’s stock valued at $40,000 after acquiring an additional 366 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Bright Horizons Family Solutions from $104.00 to $93.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. StockNews.com lowered Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. BMO Capital Markets lowered their price target on Bright Horizons Family Solutions from $92.00 to $80.00 and set a “market perform” rating for the company in a research report on Friday, November 3rd. Finally, UBS Group raised Bright Horizons Family Solutions from a “sell” rating to a “neutral” rating and upped their price target for the company from $82.00 to $83.00 in a research report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $82.71.

Get Our Latest Stock Report on BFAM

Insider Activity at Bright Horizons Family Solutions

In related news, Director Lightfoot Sara Lawrence sold 925 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $89.25, for a total transaction of $82,556.25. Following the completion of the transaction, the director now owns 4,597 shares of the company’s stock, valued at approximately $410,282.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Bright Horizons Family Solutions news, Director Lightfoot Sara Lawrence sold 925 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $89.25, for a total transaction of $82,556.25. Following the sale, the director now directly owns 4,597 shares in the company, valued at approximately $410,282.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $91.04, for a total value of $455,200.00. Following the sale, the director now owns 41,855 shares in the company, valued at $3,810,479.20. The disclosure for this sale can be found here. Insiders sold a total of 7,805 shares of company stock valued at $713,605 in the last 90 days. Corporate insiders own 1.28% of the company’s stock.

Bright Horizons Family Solutions Stock Down 2.3 %

Shares of NYSE:BFAM opened at $98.06 on Tuesday. Bright Horizons Family Solutions Inc. has a 52-week low of $71.65 and a 52-week high of $102.34. The firm has a market capitalization of $5.68 billion, a P/E ratio of 65.81, a P/E/G ratio of 3.88 and a beta of 1.36. The stock has a 50 day moving average price of $94.78 and a 200-day moving average price of $89.98. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.50 and a current ratio of 0.50.

Bright Horizons Family Solutions Company Profile

(Free Report)

Bright Horizons Family Solutions Inc provides early education and childcare, 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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Institutional Ownership by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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