First Trust Advisors LP lifted its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 244.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,831 shares of the company’s stock after purchasing an additional 28,982 shares during the period. First Trust Advisors LP owned 0.07% of Bright Horizons Family Solutions worth $3,520,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 11.8% during the second quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock valued at $300,237,000 after purchasing an additional 410,335 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Bright Horizons Family Solutions by 8.7% during the second quarter. Alliancebernstein L.P. now owns 2,008,801 shares of the company’s stock valued at $155,100,000 after purchasing an additional 161,469 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Bright Horizons Family Solutions by 108.4% during the second quarter. Neuberger Berman Group LLC now owns 1,153,425 shares of the company’s stock valued at $89,056,000 after purchasing an additional 599,907 shares in the last quarter. Oak Ridge Investments LLC lifted its position in shares of Bright Horizons Family Solutions by 4.6% during the second quarter. Oak Ridge Investments LLC now owns 740,188 shares of the company’s stock valued at $57,150,000 after purchasing an additional 32,694 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Bright Horizons Family Solutions by 3,798.6% during the second quarter. JPMorgan Chase & Co. now owns 692,158 shares of the company’s stock valued at $53,441,000 after purchasing an additional 674,404 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Bright Horizons Family Solutions Inc. (BFAM) opened at $87.55 on Monday. The firm has a market cap of $5,193.04, a PE ratio of 36.79, a PEG ratio of 1.76 and a beta of 0.13. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.49 and a quick ratio of 0.49. Bright Horizons Family Solutions Inc. has a 12 month low of $65.00 and a 12 month high of $93.13.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. The firm had revenue of $433.30 million during the quarter, compared to the consensus estimate of $429.36 million. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The company’s revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. equities research analysts expect that Bright Horizons Family Solutions Inc. will post 2.49 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “First Trust Advisors LP Acquires 28,982 Shares of Bright Horizons Family Solutions Inc. (BFAM)” was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://theolympiareport.com/2017/11/20/first-trust-advisors-lp-acquires-28982-shares-of-bright-horizons-family-solutions-inc-bfam.html.

A number of research analysts recently weighed in on BFAM shares. BidaskClub raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Friday, August 4th. Finally, Citigroup Inc. restated a “buy” rating and set a $92.00 price objective (up previously from $90.00) on shares of Bright Horizons Family Solutions in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $90.67.

In related news, COO Mary Lou Burke sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $79.85, for a total transaction of $59,887.50. Following the completion of the transaction, the chief operating officer now owns 32,016 shares of the company’s stock, valued at $2,556,477.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO David H. Lissy sold 79,112 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total transaction of $6,903,313.12. The disclosure for this sale can be found here. Insiders sold 3,650,889 shares of company stock valued at $318,185,942 in the last quarter. Corporate insiders own 2.90% of the company’s stock.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

Want to see what other hedge funds are holding BFAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bright Horizons Family Solutions Inc. (NYSE:BFAM).

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

Receive News & Ratings for Bright Horizons Family Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.