BB&T Securities LLC Takes Position in Bright Horizons Family Solutions Inc (BFAM)

BB&T Securities LLC acquired a new position in shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,143 shares of the company’s stock, valued at approximately $238,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BFAM. SG Americas Securities LLC bought a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth $114,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth $147,000. First Hawaiian Bank bought a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth $158,000. Advisors Asset Management Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 242.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,672 shares of the company’s stock worth $171,000 after acquiring an additional 1,184 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new position in Bright Horizons Family Solutions in the 4th quarter worth $179,000. 97.13% of the stock is owned by institutional investors.

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In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $119.62, for a total value of $299,050.00. Following the transaction, the director now owns 64,043 shares in the company, valued at $7,660,823.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen Howard Kramer sold 4,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $123.13, for a total transaction of $492,520.00. Following the completion of the transaction, the chief executive officer now owns 90,949 shares in the company, valued at approximately $11,198,550.37. The disclosure for this sale can be found here. Insiders sold 55,197 shares of company stock worth $6,713,369 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

BFAM has been the topic of a number of analyst reports. Bank of America reiterated a “neutral” rating and issued a $123.00 target price (up previously from $115.00) on shares of Bright Horizons Family Solutions in a research report on Wednesday, February 13th. JPMorgan Chase & Co. lifted their target price on shares of Bright Horizons Family Solutions from $121.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, November 2nd. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Wednesday, November 7th. BMO Capital Markets lifted their target price on shares of Bright Horizons Family Solutions from $120.00 to $122.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 13th. Finally, ValuEngine upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Bright Horizons Family Solutions presently has an average rating of “Hold” and a consensus target price of $117.89.

Shares of NYSE:BFAM opened at $123.40 on Thursday. The firm has a market capitalization of $7.15 billion, a P/E ratio of 40.73, a price-to-earnings-growth ratio of 3.48 and a beta of 0.35. Bright Horizons Family Solutions Inc has a 52 week low of $91.29 and a 52 week high of $124.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.39 and a current ratio of 0.39.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Tuesday, February 12th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.11. The company had revenue of $478.00 million for the quarter, compared to analysts’ expectations of $481.48 million. Bright Horizons Family Solutions had a net margin of 8.30% and a return on equity of 23.67%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 EPS. As a group, equities analysts forecast that Bright Horizons Family Solutions Inc will post 3.35 earnings per share for the current fiscal year.

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About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

Further Reading: Debt-To-Equity Ratio