Legato Capital Management LLC Purchases New Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Legato Capital Management LLC purchased a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,097 shares of the company’s stock, valued at approximately $316,000.

Several other large investors also recently modified their holdings of BFAM. Vanguard Group Inc. increased its position in shares of Bright Horizons Family Solutions by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,478,240 shares of the company’s stock valued at $252,138,000 after buying an additional 153,726 shares during the last quarter. BlackRock Inc. increased its position in shares of Bright Horizons Family Solutions by 73,144.9% in the first quarter. BlackRock Inc. now owns 2,743,023 shares of the company’s stock valued at $198,843,000 after buying an additional 2,739,278 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Bright Horizons Family Solutions by 11.3% in the first quarter. Wells Fargo & Company MN now owns 1,745,902 shares of the company’s stock valued at $126,561,000 after buying an additional 176,751 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of Bright Horizons Family Solutions by 3.5% in the first quarter. Handelsbanken Fonder AB now owns 934,200 shares of the company’s stock valued at $67,720,000 after buying an additional 32,000 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Bright Horizons Family Solutions by 27.9% in the first quarter. Eagle Asset Management Inc. now owns 893,552 shares of the company’s stock valued at $64,773,000 after buying an additional 194,710 shares during the last quarter.

Shares of Bright Horizons Family Solutions Inc. (NYSE BFAM) traded down 0.39% during trading on Friday, hitting $79.50. 156,699 shares of the company traded hands. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 42.42 and a beta of 0.12. The company has a 50 day moving average price of $78.52 and a 200 day moving average price of $74.66. Bright Horizons Family Solutions Inc. has a 52 week low of $59.00 and a 52 week high of $82.00.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The business had revenue of $445.55 million for the quarter, compared to analysts’ expectations of $443.90 million. Bright Horizons Family Solutions had a net margin of 6.91% and a return on equity of 19.19%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, analysts expect that Bright Horizons Family Solutions Inc. will post $2.64 earnings per share for the current year.

WARNING: “Legato Capital Management LLC Purchases New Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)” was published by BNB Daily and is the sole property of of BNB Daily. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/19/legato-capital-management-llc-takes-position-in-bright-horizons-family-solutions-inc-nysebfam-updated-updated-updated.html.

A number of analysts have recently issued reports on BFAM shares. BidaskClub raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Royal Bank Of Canada reissued a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research note on Friday, August 4th. Citigroup Inc. reissued a “buy” rating and issued a $92.00 price target (up from $90.00) on shares of Bright Horizons Family Solutions in a research note on Thursday, August 3rd. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $85.00 price target (up from $83.00) on shares of Bright Horizons Family Solutions in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $83.67.

In related news, CAO Mandy Berman sold 3,699 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $75.94, for a total transaction of $280,902.06. Following the sale, the chief accounting officer now directly owns 16,125 shares in the company, valued at $1,224,532.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Ann Tocio sold 6,666 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $76.53, for a total transaction of $510,148.98. Following the sale, the director now owns 67,284 shares in the company, valued at $5,149,244.52. The disclosure for this sale can be found here. Insiders have sold 41,697 shares of company stock worth $3,230,288 in the last three months. Corporate insiders own 2.90% of the company’s stock.

About Bright Horizons Family Solutions

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.

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

Receive News & Ratings for Bright Horizons Family Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply