Advisors Asset Management Inc. Has $122,000 Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Advisors Asset Management Inc. raised its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAMGet Rating) by 163.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,446 shares of the company’s stock after buying an additional 898 shares during the period. Advisors Asset Management Inc.’s holdings in Bright Horizons Family Solutions were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in BFAM. Daiwa Securities Group Inc. lifted its holdings in shares of Bright Horizons Family Solutions by 65.9% during the first quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock worth $45,000 after buying an additional 135 shares in the last quarter. Venture Visionary Partners LLC bought a new position in shares of Bright Horizons Family Solutions in the second quarter worth $46,000. Signaturefd LLC increased its position in shares of Bright Horizons Family Solutions by 31.0% in the first quarter. Signaturefd LLC now owns 385 shares of the company’s stock worth $51,000 after purchasing an additional 91 shares during the period. Private Capital Group LLC increased its position in shares of Bright Horizons Family Solutions by 14.2% in the second quarter. Private Capital Group LLC now owns 963 shares of the company’s stock worth $81,000 after purchasing an additional 120 shares during the period. Finally, First Horizon Advisors Inc. increased its position in shares of Bright Horizons Family Solutions by 265.9% in the second quarter. First Horizon Advisors Inc. now owns 1,222 shares of the company’s stock worth $102,000 after purchasing an additional 888 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BFAM shares. Robert W. Baird decreased their price target on Bright Horizons Family Solutions from $115.00 to $83.00 in a research report on Wednesday, August 3rd. Barclays decreased their price target on Bright Horizons Family Solutions from $90.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, October 10th. Morgan Stanley decreased their target price on Bright Horizons Family Solutions from $60.00 to $57.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 2nd. Citigroup decreased their target price on Bright Horizons Family Solutions from $115.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. Finally, TheStreet cut Bright Horizons Family Solutions from a “c” rating to a “d+” rating in a research report on Wednesday, November 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Bright Horizons Family Solutions presently has an average rating of “Hold” and a consensus target price of $80.29.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $72.16 on Wednesday. The business’s 50-day moving average price is $63.55 and its 200-day moving average price is $74.96. Bright Horizons Family Solutions Inc. has a 12 month low of $54.19 and a 12 month high of $140.02. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 53.45 and a beta of 1.11. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.97.

About Bright Horizons Family Solutions

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Bright Horizons Family Solutions Inc provides early education and child care, back-up care, educational advisory, and other workplace solutions services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.

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

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