Trade Report: Today, Strs Ohio decides to keep it stake in Bright Horizons Family Solutions Inc. (BFAM) to the level of $381,000

Today, Strs Ohio decides to keep it stake in Bright Horizons Family Solutions Inc. (BFAM) to the level of $381,000

Strs Ohio reduced its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 12.3% during the third quarter, Holdings Channel reports. The fund owned 5,700 shares of the company’s stock after selling 800 shares during the period. Strs Ohio’s holdings in Bright Horizons Family Solutions were worth $381,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its stake in Bright Horizons Family Solutions by 6,110.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,739 shares of the company’s stock valued at $115,000 after buying an additional 1,711 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in Bright Horizons Family Solutions during the second quarter valued at $131,000. Tower Research Capital LLC TRC bought a new stake in Bright Horizons Family Solutions during the second quarter valued at $132,000. Stephens Inc. AR increased its stake in Bright Horizons Family Solutions by 20.1% in the second quarter. Stephens Inc. AR now owns 2,708 shares of the company’s stock valued at $180,000 after buying an additional 453 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Bright Horizons Family Solutions by 19,457.1% in the second quarter. JPMorgan Chase & Co. now owns 2,738 shares of the company’s stock valued at $182,000 after buying an additional 2,724 shares in the last quarter. 98.65% of the stock is owned by institutional investors and hedge funds.

Bright Horizons Family Solutions Inc. (NYSE:BFAM) traded up 0.07% during trading on Friday, reaching $70.16. 226,872 shares of the company’s stock traded hands. Bright Horizons Family Solutions Inc. has a 12-month low of $59.00 and a 12-month high of $72.80. The company has a 50 day moving average price of $67.24 and a 200-day moving average price of $66.73. The company has a market cap of $4.17 billion, a PE ratio of 42.44 and a beta of 0.17.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.01. Bright Horizons Family Solutions had a net margin of 6.58% and a return on equity of 16.87%. The firm earned $383.90 million during the quarter, compared to analysts’ expectations of $387.82 million. During the same period last year, the company earned $0.43 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts forecast that Bright Horizons Family Solutions Inc. will post $2.15 EPS for the current fiscal year.

Several research firms have recently weighed in on BFAM. BMO Capital Markets reaffirmed a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Monday, November 14th. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Friday, November 18th. Barclays PLC reaffirmed a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Friday, November 11th. JPMorgan Chase & Co. raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $70.00 to $76.00 in a research note on Monday, August 15th. Finally, Jefferies Group raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “overweight” rating and set a $76.00 price objective for the company in a research note on Monday, August 15th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $73.17.

In other news, President Stephen Howard Kramer sold 6,666 shares of the stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $65.96, for a total value of $439,689.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marguerite Kondracke sold 1,000 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $63.43, for a total transaction of $63,430.00. Following the completion of the sale, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $380,580. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

About Bright Horizons Family Solutions

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. The Company’s segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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