LVW Advisors LLC Sells 428 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

LVW Advisors LLC cut its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,656 shares of the company’s stock after selling 428 shares during the quarter. LVW Advisors LLC’s holdings in Bright Horizons Family Solutions were worth $627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of BFAM. Massachusetts Financial Services Co. MA increased its position in shares of Bright Horizons Family Solutions by 15.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after purchasing an additional 423,456 shares during the last quarter. Millennium Management LLC purchased a new stake in Bright Horizons Family Solutions in the second quarter worth approximately $28,995,000. Point72 Asset Management L.P. grew its position in Bright Horizons Family Solutions by 64.1% during the second quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock valued at $62,792,000 after acquiring an additional 222,823 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Bright Horizons Family Solutions by 174.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock worth $48,260,000 after acquiring an additional 218,707 shares in the last quarter. Finally, TimesSquare Capital Management LLC bought a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter worth approximately $13,639,000.

Insider Transactions at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total value of $573,550.00. Following the sale, the director now directly owns 25,257 shares of the company’s stock, valued at $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.22% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on BFAM shares. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price on the stock in a research report on Friday, November 22nd. BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $137.00 to $125.00 in a report on Monday, November 18th. JPMorgan Chase & Co. increased their target price on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. UBS Group lifted their price target on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley lowered their price objective on Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating for the company in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.25.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM opened at $117.47 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The firm’s fifty day simple moving average is $112.18 and its 200 day simple moving average is $124.06. The stock has a market cap of $6.83 billion, a P/E ratio of 59.03 and a beta of 1.44. Bright Horizons Family Solutions Inc. has a twelve month low of $94.83 and a twelve month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The firm had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $713.16 million. During the same period last year, the company posted $0.78 EPS. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, research analysts predict that Bright Horizons Family Solutions Inc. will post 3.01 EPS for the current year.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.