Key Square Capital Management LLC bought a new stake in shares of Bright Horizons Family Solutions (NYSE:BFAM) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 100,000 shares of the company’s stock, valued at approximately $9,972,000. Bright Horizons Family Solutions makes up about 1.1% of Key Square Capital Management LLC’s investment portfolio, making the stock its 21st biggest position.
Other large investors have also recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new position in shares of Bright Horizons Family Solutions during the 4th quarter valued at approximately $567,000. LPL Financial LLC increased its holdings in shares of Bright Horizons Family Solutions by 22.2% during the 4th quarter. LPL Financial LLC now owns 10,335 shares of the company’s stock valued at $971,000 after purchasing an additional 1,880 shares in the last quarter. Carillon Tower Advisers Inc. purchased a new position in shares of Bright Horizons Family Solutions during the 4th quarter valued at approximately $47,584,000. Invictus RG purchased a new position in shares of Bright Horizons Family Solutions during the 4th quarter valued at approximately $402,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Bright Horizons Family Solutions by 11.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 290,698 shares of the company’s stock valued at $27,326,000 after purchasing an additional 29,775 shares in the last quarter. 98.49% of the stock is owned by hedge funds and other institutional investors.
Get Bright Horizons Family Solutions alerts:In other Bright Horizons Family Solutions news, CEO Stephen Howard Kramer sold 2,961 shares of Bright Horizons Family Solutions stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $99.61, for a total transaction of $294,945.21. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Elizabeth J. Boland sold 6,000 shares of Bright Horizons Family Solutions stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $99.09, for a total transaction of $594,540.00. Following the sale, the chief financial officer now directly owns 140,113 shares in the company, valued at approximately $13,883,797.17. The disclosure for this sale can be found here. Insiders sold a total of 157,613 shares of company stock worth $15,981,201 in the last three months. 2.20% of the stock is owned by corporate insiders.
Bright Horizons Family Solutions opened at $101.04 on Friday, Marketbeat Ratings reports. Bright Horizons Family Solutions has a 1 year low of $75.55 and a 1 year high of $105.04. The firm has a market capitalization of $5.85 billion, a P/E ratio of 39.62, a P/E/G ratio of 2.28 and a beta of 0.09. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.38 and a current ratio of 0.38.
Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Monday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Bright Horizons Family Solutions had a net margin of 8.58% and a return on equity of 21.28%. The firm had revenue of $463.66 million for the quarter, compared to analysts’ expectations of $461.15 million. During the same quarter last year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. analysts forecast that Bright Horizons Family Solutions will post 2.96 EPS for the current year.
BFAM has been the subject of several recent research reports. Goldman Sachs Group initiated coverage on shares of Bright Horizons Family Solutions in a report on Tuesday, March 27th. They set a “neutral” rating and a $104.00 target price for the company. Credit Suisse Group lifted their target price on shares of Bright Horizons Family Solutions from $90.00 to $98.00 and gave the company a “neutral” rating in a report on Friday, February 9th. ValuEngine raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. BMO Capital Markets cut their target price on shares of Bright Horizons Family Solutions from $107.00 to $105.00 and set a “market perform” rating for the company in a report on Tuesday, May 1st. Finally, Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $103.73.
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.
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