Virtu Financial LLC Invests $251,000 in Bright Horizons Family Solutions Inc (BFAM)

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Virtu Financial LLC bought a new stake in Bright Horizons Family Solutions Inc (NYSE:BFAM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,131 shares of the company’s stock, valued at approximately $251,000.

Several other institutional investors have also made changes to their positions in the company. Pictet Asset Management Ltd. boosted its position in shares of Bright Horizons Family Solutions by 57.0% in the third quarter. Pictet Asset Management Ltd. now owns 588,364 shares of the company’s stock valued at $69,333,000 after acquiring an additional 213,616 shares during the period. Carillon Tower Advisers Inc. boosted its position in shares of Bright Horizons Family Solutions by 26.7% in the third quarter. Carillon Tower Advisers Inc. now owns 333,339 shares of the company’s stock valued at $39,280,000 after acquiring an additional 70,245 shares during the period. FMR LLC boosted its position in shares of Bright Horizons Family Solutions by 10.9% in the third quarter. FMR LLC now owns 374,501 shares of the company’s stock valued at $44,131,000 after acquiring an additional 36,864 shares during the period. BSW Wealth Partners bought a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at about $261,000. Finally, Roosevelt Investment Group Inc. boosted its position in shares of Bright Horizons Family Solutions by 65.6% in the third quarter. Roosevelt Investment Group Inc. now owns 104,111 shares of the company’s stock valued at $12,268,000 after acquiring an additional 41,224 shares during the period. 97.72% of the stock is owned by institutional investors.

BFAM stock opened at $111.34 on Wednesday. The stock has a market capitalization of $6.39 billion, a P/E ratio of 43.66, a P/E/G ratio of 3.09 and a beta of 0.23. Bright Horizons Family Solutions Inc has a 52 week low of $91.29 and a 52 week high of $123.93. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.39 and a quick ratio of 0.39.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.73 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.73. The business had revenue of $472.00 million during the quarter, compared to the consensus estimate of $471.85 million. Bright Horizons Family Solutions had a return on equity of 22.55% and a net margin of 8.73%. Bright Horizons Family Solutions’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 earnings per share. On average, sell-side analysts predict that Bright Horizons Family Solutions Inc will post 2.97 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on BFAM shares. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research report on Monday, September 10th. Bank of America started coverage on shares of Bright Horizons Family Solutions in a research report on Tuesday, October 23rd. They issued a “neutral” rating and a $118.00 target price for the company. JPMorgan Chase & Co. boosted their price target on Bright Horizons Family Solutions from $121.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 2nd. BMO Capital Markets dropped their price target on Bright Horizons Family Solutions from $123.00 to $120.00 and set a “market perform” rating for the company in a research note on Tuesday, November 6th. Finally, Barclays boosted their price target on Bright Horizons Family Solutions from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 2nd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $113.36.

In related news, Director Linda A. Mason sold 22,045 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $123.80, for a total value of $2,729,171.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the director now directly owns 64,043 shares of the company’s stock, valued at approximately $7,660,823.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,845 shares of company stock valued at $5,153,348. 2.20% of the stock is owned by insiders.

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Bright Horizons Family Solutions Profile

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.

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

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