Connable Office Inc. Increases Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Connable Office Inc. lifted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 11.0% in the third quarter, HoldingsChannel.com reports. The fund owned 3,551 shares of the company’s stock after acquiring an additional 351 shares during the period. Connable Office Inc.’s holdings in Bright Horizons Family Solutions were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Raleigh Capital Management Inc. bought a new position in Bright Horizons Family Solutions during the third quarter valued at $29,000. V Square Quantitative Management LLC purchased a new position in Bright Horizons Family Solutions in the 3rd quarter valued at approximately $35,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Bright Horizons Family Solutions by 850.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after acquiring an additional 306 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after purchasing an additional 165 shares in the last quarter. Finally, Quarry LP boosted its position in shares of Bright Horizons Family Solutions by 68.3% in the second quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after acquiring an additional 177 shares during the period.

Insider Activity

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $140.65, for a total value of $112,520.00. Following the transaction, the chief operating officer now directly owns 31,825 shares in the company, valued at approximately $4,476,186.25. This trade represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Price Performance

BFAM opened at $106.99 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 53.76 and a beta of 1.49. The stock has a fifty day simple moving average of $132.79 and a two-hundred day simple moving average of $122.49. Bright Horizons Family Solutions Inc. has a 12-month low of $85.95 and a 12-month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $713.16 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. Research analysts predict that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BFAM has been the subject of several recent analyst reports. BMO Capital Markets boosted their target price on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Barclays upped their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. boosted their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Finally, Robert W. Baird increased their target price on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of “Hold” and an average target price of $141.13.

Bright Horizons Family Solutions 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.