Key Square Capital Management LLC Purchases New Holdings in Bright Horizons Family Solutions (BFAM)

Key Square Capital Management LLC purchased a new stake in Bright Horizons Family Solutions (NYSE:BFAM) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 100,000 shares of the company’s stock, valued at approximately $9,972,000. Bright Horizons Family Solutions makes up 1.1% of Key Square Capital Management LLC’s holdings, making the stock its 21st largest holding. Key Square Capital Management LLC owned 0.17% of Bright Horizons Family Solutions at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BFAM. Schwab Charles Investment Management Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 11.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 290,698 shares of the company’s stock valued at $27,326,000 after buying an additional 29,775 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Bright Horizons Family Solutions in the 4th quarter valued at about $907,000. Dean Capital Investments Management LLC bought a new stake in shares of Bright Horizons Family Solutions in the 4th quarter valued at about $887,000. Parametrica Management Ltd bought a new stake in shares of Bright Horizons Family Solutions in the 4th quarter valued at about $402,000. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of Bright Horizons Family Solutions by 114.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 3,406 shares of the company’s stock valued at $320,000 after buying an additional 1,816 shares in the last quarter. Institutional investors and hedge funds own 98.49% of the company’s stock.

In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $99.09, for a total transaction of $594,540.00. Following the completion of the transaction, the chief financial officer now directly owns 140,113 shares of the company’s stock, valued at approximately $13,883,797.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mary Lou Burke sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $98.20, for a total transaction of $108,020.00. Following the transaction, the chief operating officer now directly owns 30,946 shares of the company’s stock, valued at $3,038,897.20. The disclosure for this sale can be found here. Insiders have sold a total of 157,613 shares of company stock valued at $15,981,201 over the last three months. 2.20% of the stock is currently owned by insiders.

Shares of Bright Horizons Family Solutions stock opened at $101.04 on Friday. The company has a market capitalization of $5.85 billion, a P/E ratio of 39.62, a P/E/G ratio of 2.28 and a beta of 0.09. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.42. Bright Horizons Family Solutions has a 52 week low of $75.55 and a 52 week high of $105.04.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Monday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Bright Horizons Family Solutions had a net margin of 8.58% and a return on equity of 21.28%. The company had revenue of $463.66 million during the quarter, compared to analyst estimates of $461.15 million. During the same period last year, the firm posted $0.61 EPS. Bright Horizons Family Solutions’s revenue for the quarter was up 9.8% compared to the same quarter last year. analysts expect that Bright Horizons Family Solutions will post 2.96 EPS for the current fiscal year.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, April 3rd. Bank of America increased their price objective on shares of Bright Horizons Family Solutions from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, May 1st. Royal Bank of Canada lowered shares of Bright Horizons Family Solutions from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $95.00 to $98.00 in a research report on Tuesday, April 3rd. They noted that the move was a valuation call. JPMorgan Chase & Co. increased their price objective on shares of Bright Horizons Family Solutions from $103.00 to $106.00 and gave the company an “overweight” rating in a research report on Tuesday, May 1st. Finally, Citigroup increased their price objective on shares of Bright Horizons Family Solutions from $107.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, May 4th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $103.73.

Bright Horizons Family Solutions Profile

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

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

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