Bright Horizons Family Solutions (NYSE:BFAM) Shares Down 8% – What’s Next?

Bright Horizons Family Solutions Inc. (NYSE:BFAM)’s stock price traded down 8% on Tuesday . The stock traded as low as $121.84 and last traded at $122.17. Approximately 105,278 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 353,554 shares. The stock had previously closed at $132.83.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BFAM. JPMorgan Chase & Co. boosted their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday. UBS Group raised their price target on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday. BMO Capital Markets upped their price objective on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. Robert W. Baird boosted their price target on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft increased 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 report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $141.13.

Bright Horizons Family Solutions Stock Down 11.8 %

The stock has a fifty day moving average of $136.30 and a 200-day moving average of $122.20. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 67.49 and a beta of 1.49. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total value of $327,325.00. Following the completion of the sale, the director now owns 30,257 shares in the company, valued at $3,961,549.01. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the sale, the chief operating officer now directly owns 31,825 shares of the company’s stock, valued at $4,476,186.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total transaction of $327,325.00. Following the completion of the sale, the director now directly owns 30,257 shares of the company’s stock, valued at $3,961,549.01. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,100 shares of company stock valued at $549,397. 1.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several institutional investors have recently bought and sold shares of the stock. Entropy Technologies LP bought a new position in Bright Horizons Family Solutions in the 3rd quarter worth $604,000. Venturi Wealth Management LLC increased its stake in shares of Bright Horizons Family Solutions by 61.6% in the third quarter. Venturi Wealth Management LLC now owns 2,250 shares of the company’s stock worth $315,000 after purchasing an additional 858 shares during the period. TimesSquare Capital Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $13,639,000. Carr Financial Group Corp bought a new stake in Bright Horizons Family Solutions during the 3rd quarter valued at approximately $204,000. Finally, Atria Investments Inc grew its holdings in Bright Horizons Family Solutions by 1.4% in the 3rd quarter. Atria Investments Inc now owns 21,126 shares of the company’s stock valued at $2,960,000 after buying an additional 293 shares during the last quarter.

About Bright Horizons Family Solutions

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.