361 Capital LLC Purchases Shares of 7,932 Bright Horizons Family Solutions Inc (NYSE:BFAM)


361 Capital LLC purchased a new stake in Bright Horizons Family Solutions Inc (NYSE:BFAM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,932 shares of the company’s stock, valued at approximately $1,197,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Whittier Trust Co. boosted its position in Bright Horizons Family Solutions by 4.5% during the second quarter. Whittier Trust Co. now owns 29,585 shares of the company’s stock worth $4,463,000 after purchasing an additional 1,261 shares during the period. Bluestein R H & Co. acquired a new stake in shares of Bright Horizons Family Solutions during the 1st quarter worth about $381,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Bright Horizons Family Solutions by 1.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 13,570 shares of the company’s stock worth $1,725,000 after buying an additional 170 shares during the last quarter. Manchester Capital Management LLC bought a new stake in shares of Bright Horizons Family Solutions during the 1st quarter worth about $47,000. Finally, Jag Capital Management LLC bought a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter worth about $3,818,000. Institutional investors and hedge funds own 98.31% of the company’s stock.

In other Bright Horizons Family Solutions news, EVP Stephen I. Dreier sold 2,768 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $166.75, for a total transaction of $461,564.00. Following the completion of the transaction, the executive vice president now directly owns 41,023 shares in the company, valued at $6,840,585.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Stephen Howard Kramer sold 4,500 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $139.96, for a total value of $629,820.00. Following the sale, the chief executive officer now owns 90,425 shares of the company’s stock, valued at $12,655,883. The disclosure for this sale can be found here. Insiders sold 71,327 shares of company stock worth $11,007,388 in the last 90 days. 1.90% of the stock is owned by company insiders.

Shares of BFAM traded up $1.56 during mid-day trading on Wednesday, hitting $151.58. 561,480 shares of the company’s stock were exchanged, compared to its average volume of 223,959. The stock’s 50-day simple moving average is $158.68 and its 200-day simple moving average is $140.80. Bright Horizons Family Solutions Inc has a 52 week low of $105.15 and a 52 week high of $168.28. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.18. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 50.03, a price-to-earnings-growth ratio of 4.62 and a beta of 0.29.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.92 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.92. The firm had revenue of $528.06 million during the quarter, compared to analysts’ expectations of $531.13 million. Bright Horizons Family Solutions had a return on equity of 23.29% and a net margin of 8.67%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 EPS. Analysts forecast that Bright Horizons Family Solutions Inc will post 3.4 earnings per share for the current fiscal year.

Several research firms have weighed in on BFAM. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a report on Wednesday, August 7th. BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $152.00 to $166.00 in a report on Wednesday. ValuEngine lowered Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Goldman Sachs Group raised Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a report on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $136.57.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

Further Reading: What is an Initial Coin Offering (ICO)?

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

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