Bessemer Group Inc. Decreases Stock Position in Bright Horizons Family Solutions Inc. $BFAM

Bessemer Group Inc. cut its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 22.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,136 shares of the company’s stock after selling 59,098 shares during the period. Bessemer Group Inc.’s holdings in Bright Horizons Family Solutions were worth $22,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership lifted its holdings in Bright Horizons Family Solutions by 10.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,797,368 shares of the company’s stock valued at $222,137,000 after purchasing an additional 168,891 shares in the last quarter. State Street Corp raised its position in shares of Bright Horizons Family Solutions by 1.5% in the second quarter. State Street Corp now owns 1,014,845 shares of the company’s stock valued at $125,425,000 after buying an additional 15,296 shares during the last quarter. Conestoga Capital Advisors LLC lifted its stake in shares of Bright Horizons Family Solutions by 2.6% in the third quarter. Conestoga Capital Advisors LLC now owns 880,580 shares of the company’s stock worth $95,605,000 after buying an additional 22,570 shares in the last quarter. AQR Capital Management LLC boosted its position in Bright Horizons Family Solutions by 5.8% during the second quarter. AQR Capital Management LLC now owns 796,651 shares of the company’s stock worth $98,458,000 after acquiring an additional 43,418 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Bright Horizons Family Solutions by 25.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 723,005 shares of the company’s stock valued at $89,356,000 after acquiring an additional 145,250 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have weighed in on BFAM shares. JPMorgan Chase & Co. raised their target price on shares of Bright Horizons Family Solutions from $156.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. UBS Group cut their price target on Bright Horizons Family Solutions from $120.00 to $107.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Morgan Stanley reduced their price objective on Bright Horizons Family Solutions from $99.00 to $93.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 17th. Zacks Research cut Bright Horizons Family Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bright Horizons Family Solutions in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $126.43.

Bright Horizons Family Solutions Trading Down 3.1%

Shares of Bright Horizons Family Solutions stock opened at $85.96 on Friday. The stock has a 50 day moving average of $98.42 and a 200 day moving average of $105.09. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 1.08 and a beta of 1.40. Bright Horizons Family Solutions Inc. has a fifty-two week low of $85.78 and a fifty-two week high of $132.99.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.