Allianz Asset Management GmbH Has $16.29 Million Stake in Bright Horizons Family Solutions Inc (BFAM)

Allianz Asset Management GmbH reduced its stake in Bright Horizons Family Solutions Inc (NYSE:BFAM) by 22.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,975 shares of the company’s stock after selling 54,412 shares during the quarter. Allianz Asset Management GmbH owned about 0.32% of Bright Horizons Family Solutions worth $16,292,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Acrospire Investment Management LLC boosted its position in shares of Bright Horizons Family Solutions by 250.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock worth $108,000 after purchasing an additional 1,000 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of Bright Horizons Family Solutions in the 2nd quarter worth approximately $123,000. Advisor Group Inc. boosted its position in shares of Bright Horizons Family Solutions by 213.6% in the 2nd quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $152,000 after purchasing an additional 1,354 shares in the last quarter. Keybank National Association OH bought a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter worth approximately $221,000. Finally, Comerica Bank purchased a new position in Bright Horizons Family Solutions in the 2nd quarter worth approximately $230,000. 99.74% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on BFAM. Barclays boosted their price objective on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, October 2nd. BidaskClub upgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Robert W. Baird restated a “hold” rating on shares of Bright Horizons Family Solutions in a report on Friday, November 3rd. Finally, BMO Capital Markets restated a “hold” rating on shares of Bright Horizons Family Solutions in a report on Wednesday, October 25th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Bright Horizons Family Solutions has an average rating of “Hold” and a consensus price target of $90.67.

Bright Horizons Family Solutions Inc (NYSE:BFAM) opened at $90.85 on Thursday. Bright Horizons Family Solutions Inc has a 1-year low of $65.00 and a 1-year high of $93.13. The firm has a market cap of $5,413.69, a P/E ratio of 38.35, a P/E/G ratio of 1.83 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 (NYSE:BFAM) last announced its earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $433.30 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. analysts anticipate that Bright Horizons Family Solutions Inc will post 2.5 earnings per share for the current year.

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $82.33, for a total transaction of $823,300.00. Following the completion of the sale, the chief financial officer now directly owns 150,717 shares in the company, valued at approximately $12,408,530.61. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Joshua Bekenstein sold 3,504,999 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total transaction of $305,846,212.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,613,792 shares of company stock valued at $315,248,860. Company insiders own 2.90% of the company’s stock.

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Bright Horizons Family Solutions Company 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.

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

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