Bright Horizons Family Solutions (NYSE:BFAM) Trading Down 8% – Should You Sell?

Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) were down 8% on Tuesday . The company traded as low as $121.84 and last traded at $122.17. Approximately 105,278 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 353,554 shares. The stock had previously closed at $132.83.

Analyst Ratings Changes

BFAM has been the subject of several research reports. Barclays lifted their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a report on Friday, August 2nd. The Goldman Sachs Group raised their price objective on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday. Robert W. Baird upped their price objective on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Morgan Stanley increased their price target on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $141.13.

Bright Horizons Family Solutions Stock Down 11.8 %

The stock has a fifty day moving average of $136.30 and a two-hundred day moving average of $122.20. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 67.49 and a beta of 1.49.

Insider Activity

In other news, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $130.93, for a total value of $327,325.00. Following the completion of the sale, the director now owns 30,257 shares of the company’s stock, valued at $3,961,549.01. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Mary Ann Tocio sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total transaction of $327,325.00. Following the transaction, the director now directly owns 30,257 shares of the company’s stock, valued at approximately $3,961,549.01. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 800 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the sale, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,100 shares of company stock valued at $549,397 in the last three months. Corporate insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

A number of hedge funds have recently made changes to their positions in BFAM. OLD National Bancorp IN increased its holdings in shares of Bright Horizons Family Solutions by 2.7% in the 3rd quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock valued at $443,000 after acquiring an additional 82 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Bright Horizons Family Solutions by 6.0% during the second quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock valued at $252,000 after purchasing an additional 119 shares during the last quarter. MJP Associates Inc. ADV raised its holdings in shares of Bright Horizons Family Solutions by 7.0% during the second quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock worth $263,000 after purchasing an additional 157 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after buying an additional 165 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after buying an additional 177 shares during the period.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.