Bright Horizons Family Solutions Inc. (BFAM) Shares Bought by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. grew its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 39.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,722 shares of the company’s stock after buying an additional 8,155 shares during the period. UBS Asset Management Americas Inc.’s holdings in Bright Horizons Family Solutions were worth $2,218,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BFAM. BlackRock Inc. boosted its position in shares of Bright Horizons Family Solutions by 73,144.9% during the first quarter. BlackRock Inc. now owns 2,743,023 shares of the company’s stock valued at $198,843,000 after purchasing an additional 2,739,278 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Bright Horizons Family Solutions by 3,798.6% during the second quarter. JPMorgan Chase & Co. now owns 692,158 shares of the company’s stock valued at $53,441,000 after purchasing an additional 674,404 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Bright Horizons Family Solutions by 108.4% during the second quarter. Neuberger Berman Group LLC now owns 1,153,425 shares of the company’s stock valued at $89,056,000 after purchasing an additional 599,907 shares in the last quarter. Laurion Capital Management LP bought a new stake in shares of Bright Horizons Family Solutions during the second quarter valued at approximately $17,171,000. Finally, Thrivent Financial For Lutherans boosted its position in shares of Bright Horizons Family Solutions by 218.4% during the second quarter. Thrivent Financial For Lutherans now owns 307,286 shares of the company’s stock valued at $23,726,000 after purchasing an additional 210,776 shares in the last quarter. 97.09% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on the company. BidaskClub lowered Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research lowered Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Barclays PLC lifted their price target on Bright Horizons Family Solutions from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a research report on Wednesday, August 9th. Finally, Citigroup Inc. restated a “buy” rating and set a $92.00 price target (up from $90.00) on shares of Bright Horizons Family Solutions in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $85.83.

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) opened at 85.15 on Monday. The company has a market capitalization of $5.04 billion, a P/E ratio of 45.44 and a beta of 0.14. The firm has a 50-day moving average price of $82.55 and a 200 day moving average price of $78.32. Bright Horizons Family Solutions Inc. has a 12-month low of $59.00 and a 12-month high of $88.13.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.67 by $0.03. The company had revenue of $445.55 million for the quarter, compared to the consensus estimate of $443.90 million. Bright Horizons Family Solutions had a return on equity of 19.19% and a net margin of 6.91%. Bright Horizons Family Solutions’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. On average, equities research analysts predict that Bright Horizons Family Solutions Inc. will post $2.64 earnings per share for the current year.

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In other news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $79.98, for a total value of $79,980.00. Following the transaction, the chief operating officer now directly owns 32,266 shares in the company, valued at approximately $2,580,634.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 6,666 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $79.11, for a total value of $527,347.26. Following the completion of the transaction, the director now owns 67,284 shares in the company, valued at $5,322,837.24. The disclosure for this sale can be found here. Insiders sold a total of 61,763 shares of company stock worth $4,920,470 over the last quarter. Company insiders own 2.90% of the company’s stock.

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 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.

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

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