Loomis Sayles & Co. L P Sells 8,245 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Loomis Sayles & Co. L P lessened its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 265,656 shares of the company’s stock after selling 8,245 shares during the period. Loomis Sayles & Co. L P owned 0.46% of Bright Horizons Family Solutions worth $29,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its holdings in shares of Bright Horizons Family Solutions by 0.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company’s stock valued at $1,463,000 after purchasing an additional 96 shares during the last quarter. Accretive Wealth Partners LLC grew its stake in Bright Horizons Family Solutions by 1.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company’s stock valued at $833,000 after buying an additional 111 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Bright Horizons Family Solutions by 2.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company’s stock valued at $601,000 after acquiring an additional 113 shares during the period. Arizona State Retirement System lifted its position in Bright Horizons Family Solutions by 0.9% during the fourth quarter. Arizona State Retirement System now owns 15,161 shares of the company’s stock worth $1,681,000 after acquiring an additional 129 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 37.2% during the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock worth $75,000 after acquiring an additional 145 shares during the period.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the sale, the chief operating officer now owns 33,449 shares of the company’s stock, valued at approximately $4,170,755.81. The trade was a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the completion of the transaction, the director now owns 22,757 shares of the company’s stock, valued at $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Stock Performance

NYSE BFAM opened at $128.91 on Friday. The firm’s 50 day simple moving average is $124.29 and its 200 day simple moving average is $123.11. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 53.71 and a beta of 1.50. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. As a group, research analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BFAM. UBS Group lowered their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Morgan Stanley lowered their price objective on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 11th. Jefferies Financial Group reduced their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. Finally, BMO Capital Markets boosted their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.67.

About Bright Horizons Family Solutions

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.