Curi RMB Capital LLC Acquires 1,274 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Curi RMB Capital LLC increased its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,396 shares of the company’s stock after acquiring an additional 1,274 shares during the quarter. Curi RMB Capital LLC owned about 0.15% of Bright Horizons Family Solutions worth $12,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Millennium Management LLC purchased a new stake in Bright Horizons Family Solutions during the 2nd quarter valued at about $28,995,000. M&G Plc purchased a new position in shares of Bright Horizons Family Solutions in the first quarter worth approximately $27,467,000. Point72 Asset Management L.P. boosted its holdings in shares of Bright Horizons Family Solutions by 64.1% in the second quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock worth $62,792,000 after buying an additional 222,823 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Bright Horizons Family Solutions by 174.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock worth $48,260,000 after buying an additional 218,707 shares during the last quarter. Finally, TimesSquare Capital Management LLC purchased a new position in shares of Bright Horizons Family Solutions in the third quarter worth approximately $13,639,000.

Bright Horizons Family Solutions Stock Performance

Shares of Bright Horizons Family Solutions stock opened at $106.99 on Friday. The company has a market capitalization of $6.22 billion, a PE ratio of 53.76 and a beta of 1.49. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.56 and a current ratio of 0.61. The company has a 50-day simple moving average of $132.79 and a two-hundred day simple moving average of $122.49. Bright Horizons Family Solutions Inc. has a one year low of $85.95 and a one year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The firm had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts expect that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total value of $112,520.00. Following the sale, the chief operating officer now owns 31,825 shares in the company, valued at approximately $4,476,186.25. This represents a 2.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.22% of the stock is owned by insiders.

Analysts Set New Price Targets

BFAM has been the topic of a number of recent analyst reports. Robert W. Baird raised their target price on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Barclays boosted their price target on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted their price objective on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $141.13.

Bright Horizons Family Solutions Company Profile

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.