Legal Scrutiny Follows Sharp Decline for Bright Horizons Stock
Bright Horizons Family Solutions Inc. is facing legal investigations and analyst downgrades following a significant drop in its stock price. The company's Q4 2025 earnings showed a 25% profit decline and a notably expanded plan to close 45-50 centers in 2026, compared to an initial forecast of 25-30, leading to investor concern and a severe market reaction. The equity's future will depend on the outcome of potential lawsuits and the efficiency of its center closure plan.
JPMorgan Chase & Co. Has $273.72 Million Position in Bright Horizons Family Solutions Inc. $BFAM
JPMorgan Chase & Co. reduced its stake in Bright Horizons Family Solutions Inc. ($BFAM) by 32.1% in Q3, selling over a million shares but still holding 2.5 million shares valued at approximately $273.72 million. Bright Horizons recently reported earnings of $1.15 EPS, beating estimates, and revenue of $733.7M, beating analyst expectations. Despite the reduction in JPMorgan's holdings, the company maintains a "Hold" consensus rating from analysts with a target price of $107.11, and other institutional investors have recently expanded their positions in BFAM.
Securities Fraud Investigation Into Bright Horizons Family Solutions Inc. (BFAM) Announced – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
The Law Offices of Frank R. Cruz has initiated a securities fraud investigation into Bright Horizons Family Solutions Inc. (BFAM) on behalf of investors. This investigation follows a significant drop in BFAM's stock price after the company reported fourth-quarter 2025 results, revealing decreased net income and earnings per share, primarily due to facility closure costs. Shareholders who suffered losses are encouraged to contact the law firm to learn about potentially pursuing a claim.
5 Must-Read Analyst Questions From Bright Horizons's Q4 Earnings Call
Bright Horizons (BFAM) reported strong Q4 results, surpassing revenue and non-GAAP profit estimates, yet the market reacted negatively. This article extracts and discusses the top five analyst questions from their earnings call, focusing on topics like margin impact from center closures, full-service pricing, enrollment growth, corporate client behavior regarding back-up care, and expected occupancy trends. These questions highlight critical areas for the company's future performance, including profitability from center rationalization and continued growth in their back-up care segment.
Bright Horizons Family Solutions Inc. $BFAM Shares Sold by Thrivent Financial for Lutherans
Thrivent Financial for Lutherans significantly reduced its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 87.7% in Q3, selling 17,145 shares. Despite this, Bright Horizons Family Solutions surpassed quarterly earnings and revenue estimates and provided a positive FY2026 EPS guidance. While the stock currently holds an average "Hold" rating with an average target price of $107.11, it is trading around $70.91.
GSA Capital Partners LLP Invests $2.48 Million in Bright Horizons Family Solutions Inc. $BFAM
GSA Capital Partners LLP has acquired a new stake of 22,821 shares, valued at approximately $2.48 million, in Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the third quarter. Despite the investment, Bright Horizons' stock is currently trading down about 18.1% near $67, with a market capitalization of $3.79 billion. The company recently surpassed quarterly earnings estimates with an EPS of $1.15 and revenue of $733.7 million, and has set optimistic EPS guidance for FY2026.
Bright Horizons Family Solutions Inc. $BFAM Shares Bought by TimesSquare Capital Management LLC
TimesSquare Capital Management LLC increased its stake in Bright Horizons Family Solutions Inc. (BFAM) by 16.8% in Q3, now owning 200,475 shares valued at $21.77 million. Despite beating Q4 earnings expectations ($1.15 EPS vs $1.13, revenue $733.7M) and providing optimistic FY2026 guidance, the stock fell to a 52-week low amidst mixed analyst sentiment and an ongoing investor probe into the company's directors and officers.
Bright Horizons (BFAM) Is Down 22.3% After Soft 2026 Outlook Tempers Strong 2025 Results – What's Changed
Bright Horizons Family Solutions (BFAM) saw its stock drop 22.3% after reporting strong Q4 and full-year 2025 results but issuing a 2026 revenue guidance of US$3.08–3.13 billion that fell short of market expectations. This softer outlook challenges the prior investment narrative of steady mid-single-digit growth and highlights ongoing concerns about center underperformance, despite the company's 2028 projections of $3.5 billion revenue and $329.7 million earnings. Analysts' prior optimistic forecasts for 2026 were significantly higher, indicating a need for investors to re-evaluate the company's growth trajectory and the impact of its back-up care strategy.
Bright Horizons Family Solutions Inc. (NYSE:BFAM) Q4 2025 Earnings Call Transcript
Bright Horizons Family Solutions Inc. (NYSE:BFAM) reported a strong Q4 and full-year 2025, with revenue up 9% to $734 million in Q4 and adjusted EPS increasing 17% to $1.15, exceeding expectations. The company saw robust growth in back-up care and ed advisory segments, alongside steady performance in full-service, despite portfolio rationalization efforts. For 2026, Bright Horizons projects revenue between $3.075 billion and $3.125 billion and adjusted EPS in the range of $4.90 to $5.10, driven by continued demand and strategic initiatives.
Can Bright Horizons Family Solutions Stock Recover If Markets Fall?
Bright Horizons Family Solutions (BFAM) stock has dropped significantly due to concerns about its 2026 financial outlook and portfolio rationalization. This article analyzes BFAM's current financial standing and its historical performance during market downturns, including the 2022 Inflation Shock, 2020 Covid Pandemic, and 2018 Correction, to assess its resilience. While the stock has shown moderate operational performance and fair valuation, its recovery from past crises has often been slower than the S&P 500.
Bright Horizons: Q4 Earnings Snapshot
Bright Horizons Family Solutions Inc. (BFAM) reported strong fourth-quarter results, with earnings of $21.7 million and adjusted earnings of $1.15 per share, exceeding analyst expectations. The company also surpassed revenue forecasts, posting $733.7 million for the quarter and $2.93 billion for the full year. Bright Horizons provided a positive outlook for full-year earnings and revenue, despite a recent decline in its stock price.
Why Bright Horizons (BFAM) Shares Are Getting Obliterated Today
Shares of Bright Horizons (BFAM) plunged 19.3% after the company issued a weak financial forecast for 2026, overshadowing strong fourth-quarter earnings. The projected revenue and adjusted earnings per share for 2026 fell below Wall Street expectations, prompting investor concern despite the previous quarter's beat. This significant drop follows a rare market overreaction to news for BFAM, which typically exhibits low volatility.
Bright Horizons targets $3.1B revenue and $5.10 EPS for 2026 while advancing portfolio rationalization
Bright Horizons has set ambitious financial targets for 2026, aiming for $3.1 billion in revenue and $5.10 earnings per share. This outlook comes as the company continues to rationalize its portfolio, signaling strategic adjustments to achieve these goals.
Earnings call transcript: Bright Horizons beats Q4 2025 forecasts
Bright Horizons Family Solutions Inc. (BFAM) exceeded Q4 2025 financial forecasts with an adjusted EPS of $1.15 and revenue of $734 million, leading to a modest stock increase. The company reported a 9% year-over-year revenue increase, 17% adjusted EPS growth, and plans to close underperforming centers in 2026 while forecasting 11-13% growth in its backup care market for the coming year. For 2026, Bright Horizons projects revenues of $3.075 billion to $3.125 billion and an adjusted EPS of $4.90 to $5.10.
Bright Horizons (NYSE:BFAM) Posts Better-Than-Expected Sales In Q4 CY2025
Bright Horizons (NYSE:BFAM) reported better-than-expected Q4 CY2025 revenue of $733.7 million, an 8.8% year-on-year increase, and adjusted EPS of $1.15, beating analyst estimates. However, the company's full-year revenue and EPS guidance for 2026 fell slightly short of analyst expectations, leading to a 3.5% drop in stock price immediately after the report. Despite strong revenue performance in Q4, the overall outlook suggests a softer period ahead due to moderate guidance.
Earnings Flash (BFAM) Bright Horizons Family Solutions Inc. Reports Q4 Revenue $733.7M, vs. FactSet Est of $727.5M
Bright Horizons Family Solutions Inc. (BFAM) announced Q4 revenue of $733.7 million, exceeding FactSet estimates of $727.5 million. The company reported its Q4 2025 earnings call on February 12, 2026, with adjusted earnings and revenue rising, and also issued 2026 guidance.
Bright Horizons Family Solutions Reports Financial Results for the Fourth Quarter and Full Year of 2025
Bright Horizons Family Solutions Inc. announced strong financial results for the fourth quarter and full year of 2025, with revenue increases of 9% for both periods. The company reported significant growth in its Adjusted EBITDA and Adjusted Net Income, driven by increased utilization of back-up care services and enrollment gains in child care centers. For 2026, Bright Horizons expects revenue to be between $3.075 billion and $3.125 billion, with diluted adjusted earnings per common share between $4.90 and $5.10.
Bright Horizons Family Solutions Inc. (NYSE:BFAM) Q4 2025 earnings call transcript
This document is an earnings call transcript for Bright Horizons Family Solutions Inc. (NYSE:BFAM) for the fourth quarter of 2025. It contains detailed discussions about the company's financial performance, operational achievements, and future outlook as presented by its executives.
Bright Horizons Family Solutions (BFAM) Beats Q4 Earnings and Revenue Estimates
Bright Horizons Family Solutions (BFAM) exceeded Q4 earnings and revenue estimates, reporting $1.15 per share against a Zacks Consensus Estimate of $1.13, and revenues of $733.7 million. Despite beating expectations, the company's shares have dropped 19.5% year-to-date, and Zacks currently rates BFAM as a Rank #4 (Sell). APi (APG), another company in the same industry, is set to report its Q4 earnings soon.
Bright Horizons set to report earnings as Q4 outlook tests momentum By Investing.com
Bright Horizons Family Solutions Inc. is set to report its fourth-quarter earnings on Thursday, February 12, 2026, with analysts expecting a sequential decline in EPS and revenue as the childcare sector faces challenges. Investors will focus on the impact of return-to-office mandates on enrollment, the company's margin management in the face of wage inflation, and the performance of higher-margin businesses like back-up care and EdAssist. Despite a premium valuation and projected growth, the company's shares have fallen, and the earnings report will test its resilience in a complex industry environment.
Bright Horizons: Q4 Earnings Snapshot
Bright Horizons Family Solutions Inc. (BFAM) reported fourth-quarter earnings of $21.7 million, or 38 cents per share, surpassing Wall Street expectations with adjusted earnings of $1.15 per share. The company's revenue for the quarter was $733.7 million, also beating analyst forecasts. For the full year, Bright Horizons posted a profit of $193.1 million on $2.93 billion in revenue and provided a positive outlook for fiscal 2026.
Bright Horizons stock hits 52-week low at 80.5 USD
Bright Horizons Family Solutions Inc. stock has hit a new 52-week low of $80.50, marking a 31.01% decrease over the past year. Despite this downturn and being in oversold territory according to RSI, the company remains profitable with an attractive P/E and PEG ratio, suggesting potential undervaluation. Investors are observing the company's strategies and market conditions for future performance.
Bright Horizons: Q4 Earnings Snapshot
Bright Horizons Family Solutions Inc. (BFAM) reported strong fourth-quarter earnings, surpassing Wall Street expectations with $21.7 million in profit, or $1.15 per share adjusted. The company also exceeded revenue forecasts, posting $733.7 million for the quarter and $2.93 billion for the full year. Bright Horizons provided an optimistic outlook for 2026, projecting full-year earnings between $4.90 and $5.10 per share and revenue ranging from $3.08 billion to $3.13 billion.
Envestnet Asset Management Inc. Sells 12,938 Shares of Bright Horizons Family Solutions Inc. $BFAM
Envestnet Asset Management Inc. has reduced its stake in Bright Horizons Family Solutions Inc. ($BFAM) by 3.9%, selling 12,938 shares and retaining 317,500 shares valued at $34.47 million. Despite mixed analyst ratings and several price target cuts, the stock opened at $81.45, trading near its 52-week low with a market cap of $4.61 billion. The consensus analyst rating for BFAM is "Hold" with a target price of $126.43.
What To Expect From Bright Horizons's (BFAM) Q4 Earnings
Bright Horizons (BFAM) is set to report its Q4 earnings, with analysts forecasting a 7.7% year-on-year revenue growth to $726.3 million and adjusted earnings of $1.12 per share. Despite strong past performance in beating revenue estimates, the stock has recently underperformed its consumer discretionary peers. Investors will be watching closely to see if the company can maintain its positive trend.
Bright Horizons Family Solutions (NYSE:BFAM) Hits New 52-Week Low - Time to Sell?
Bright Horizons Family Solutions (NYSE:BFAM) recently hit a new 52-week low, trading at $84.68, down approximately 2.4%. The company's stock is currently below its 50-day and 200-day moving averages, and analysts have mixed opinions with a consensus "Hold" rating and an average price target of $126.43. Fundamentals show a $4.75 billion market cap and a PE ratio of 24.14, but liquidity metrics like quick and current ratios are low.
Bright Horizons Family Solutions Inc (BFAM) Shares Gap Down to $83 on Feb 9
Bright Horizons Family Solutions Inc (BFAM) shares dropped by 3.58% to $83.00 on February 9, placing it 37.59% below its 52-week high. Analysts forecast an average target price of $125.34, suggesting a 51.01% upside, with a consensus "Outperform" rating. GuruFocus estimates a GF Value of $137.99, indicating a potential upside of 66.25%.
Bright Horizons Family Solutions Inc. $BFAM Shares Sold by Bessemer Group Inc.
Bessemer Group Inc. significantly reduced its stake in Bright Horizons Family Solutions Inc. ($BFAM) by selling 59,098 shares, now holding 210,136 shares valued at $22.8 million. Conversely, other institutional investors like Principal Financial and AGF Management increased their positions or initiated new ones. The article notes that Bright Horizons shares opened down approximately 3.1% at $85.96, with analysts maintaining a consensus "Hold" rating and an average target price of $126.43.
Bright Horizons stock hits 52-week low at $87.21
Bright Horizons Family Solutions Inc.'s stock has fallen to a new 52-week low of $87.21, reflecting a 27.32% decline over the past year. Despite a 9.38% revenue growth in the last twelve months, the company's stock is in oversold territory according to InvestingPro data. Investors are anticipating its upcoming earnings report on February 12 for insights into recovery strategies.
Bright Horizons stock hits 52-week low at $87.21
Bright Horizons Family Solutions stock has fallen to a new 52-week low of $87.21, reflecting a 27.32% decline over the past year. Despite revenue growth, the company faces market challenges, with its stock currently in oversold territory according to InvestingPro data. Investors are anticipating its upcoming earnings report for signs of recovery, as analysis suggests the stock might be undervalued.
Bright Horizons stock hits 52-week low at $87.21
Bright Horizons Family Solutions stock reached a new 52-week low of $87.21, reflecting a 27.32% decline over the past year and nearly 29% in the last six months. Despite revenue growth of 9.38%, the stock is considered oversold and potentially undervalued according to InvestingPro data, which also notes a favorable PEG ratio of 0.34. Investors are awaiting the upcoming earnings report on February 12 for further insights into the company's recovery strategies.
Bright Horizons Family Solutions (NYSE:BFAM) Sets New 52-Week Low - Here's Why
Bright Horizons Family Solutions (NYSE:BFAM) recently hit a new 52-week low of $89.43, trading below its 50-day and 200-day moving averages, indicating near-term weakness. Despite a mixed average analyst rating of "Hold" and a price target of $126.43, institutional investors like Conestoga Capital Advisors have significantly increased their stake, suggesting notable institutional buying interest. The company provides employer-sponsored child care and early education services, and its stock moves come amid varied analyst adjustments to price targets and ratings.
Assessing Bright Horizons Family Solutions (BFAM) Valuation After Recent Share Price Weakness
Bright Horizons Family Solutions (BFAM) has experienced recent share price weakness, with declines over the past week, month, and three months, despite a positive three-year return. The company is considered 28.3% undervalued by its most followed narrative, which pegs its fair value at $127.33 per share, driven by growing employer demand for childcare services. However, its current P/E ratio of 25.8x is above the US Consumer Services average, suggesting the market might be factoring in high growth assumptions.
Bright Horizons to Release Q4 2025 Earnings on February 12, 2026
Bright Horizons Family Solutions is scheduled to release its Q4 2025 earnings on February 12, 2026, after market close, followed by a 5:00 p.m. ET conference call for investors and analysts, with international dial-in support and a replay service until February 26, 2026. Analyst forecasts for BFAM indicate a potential stock price rise over the next 12 months, with an average 1-year price target of $131.86, despite recent downgrades by UBS and Morgan Stanley. The company provides early education, childcare, back-up care, and workforce education services, described through its full-service center-based child care, back-up care, and educational advisory segments.
Bright Horizons Family Solutions Announces Date of Fourth Quarter 2025 Earnings Release and Conference Call
Bright Horizons Family Solutions Inc. (NYSE: BFAM) will release its Q4 2025 earnings after the market closes on Thursday, February 12, 2026. Following the release, the company will host a conference call at 5:00 p.m. ET to discuss its results, business outlook, and strategy. Interested parties can access the earnings release and webcast link via the investor relations section of the company's website.
Y Intercept Hong Kong Ltd Acquires Shares of 25,495 Bright Horizons Family Solutions Inc. $BFAM
Y Intercept Hong Kong Ltd recently acquired 25,495 shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM), a stake valued at approximately $2.77 million. This new investment comes as Bright Horizons reported strong Q3 results, beating earnings expectations with $1.57 EPS and $802.8 million in revenue, and issued optimistic FY2025 guidance. The stock currently holds a "Hold" consensus rating from analysts, with an average price target of $126.43.
Bright Horizons stock hits 52-week low at $91.07
Bright Horizons Family Solutions Inc. (BFAM) stock recently hit a new 52-week low of $91.07, representing a 31% drop from its peak and a 1-year total return of -22.9%. Despite challenges in the competitive childcare industry, the company maintains revenue growth of 9.38% over the last twelve months and is projected to remain profitable. InvestingPro analysis suggests the stock may be undervalued with a low PEG ratio, even as BMO Capital adjusted its price target downwards while maintaining an Outperform rating.
Universal Beteiligungs und Servicegesellschaft mbH Buys 11,085 Shares of Bright Horizons Family Solutions Inc. $BFAM
Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 24.5% during the third quarter, acquiring an additional 11,085 shares to own a total of 56,252 shares valued at $6.11 million. This move comes as Bright Horizons surpassed earnings expectations in its latest quarter, reporting $1.57 EPS against an anticipated $1.32. The company also provided a positive FY2025 guidance of $4.48-$4.53 EPS, while analysts maintain a "Hold" consensus rating with an average target price of $126.43.
A Look At Bright Horizons Family Solutions (BFAM) Valuation After Recent Share Price Volatility
Bright Horizons Family Solutions (BFAM) has seen mixed short-term stock performance despite annual revenue and net income growth. The company's P/E ratio of 26.5x suggests it is overvalued compared to industry averages and its estimated fair P/E of 21.7x. However, a Discounted Cash Flow (DCF) model indicates the stock might be undervalued, trading at a significant discount to its estimated future cash flow value of $243.49 per share.
1 Oversold Stock Set for a Comeback and 2 We Ignore
This article identifies one oversold stock, CBIZ (CBZ), as a strong buy candidate due to its exceptional revenue growth, projected momentum, and increasing EPS. Conversely, Bright Horizons (BFAM) and Gartner (IT) are highlighted as stocks to avoid, citing BFAM's lack of organic revenue growth and IT's slowing sales, rising costs, and declining free cash flow margin. The analysis emphasizes fundamental evaluation to distinguish temporary setbacks from structural declines.
Massachusetts Financial Services Co. MA Sells 1,387,374 Shares of Bright Horizons Family Solutions Inc. $BFAM
Massachusetts Financial Services Co. MA reduced its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 56.3% in the third quarter, selling 1,387,374 shares and now holding 1,078,762 shares valued at $117.12 million. Despite the sale, Bright Horizons reported strong Q3 earnings, beating EPS and revenue estimates, and provided positive FY2025 guidance. The stock currently holds a consensus "Hold" rating from analysts with a target price of $128.29.
Bright Horizons Family Solutions Inc. $BFAM Shares Sold by Stephens Investment Management Group LLC
Stephens Investment Management Group LLC reduced its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 4.3%, selling 25,011 shares, though it still holds a significant position. Concurrently, other institutional investors like Norges Bank, Conestoga Capital Advisors, M&G PLC, Goldman Sachs Group Inc., and Qube Research & Technologies Ltd increased or initiated positions in BFAM. Analysts have mixed ratings, with an average "Hold" and a target price of $128.29, while the company reported strong Q3 earnings and revenue exceeding estimates.
Great Point Wealth Advisors LLC Invests $28.83 Million in Bright Horizons Family Solutions Inc. $BFAM
Great Point Wealth Advisors LLC has acquired a new stake of 265,520 shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM), valued at approximately $28.83 million, making it their 5th largest holding. This comes as Bright Horizons reported strong Q3 earnings, beating analyst expectations with $1.57 EPS and $802.8 million in revenue, and issued positive FY2025 guidance. While analysts have mixed ratings, the consensus is "Hold" with an average price target of $128.29.
Bright Horizons Family Solutions Inc. $BFAM Shares Purchased by SG Americas Securities LLC
SG Americas Securities LLC significantly increased its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 155.5% in the third quarter, bringing their total ownership to 18,082 shares valued at $1.963 million. Other institutional investors also adjusted their positions in BFAM. The company's stock recent performance shows a slight dip, opening at $96.74, and analysts have a "Hold" consensus rating with a target price of $128.29.
Bright Horizons Family Solutions Inc. $BFAM Shares Purchased by Conestoga Capital Advisors LLC
Conestoga Capital Advisors LLC increased its stake in Bright Horizons Family Solutions Inc. ($BFAM) by 2.6%, now holding 880,580 shares valued at approximately $95.6 million. Despite mixed analyst ratings, with an average "Hold" and target price of $128.29, BFAM recently surpassed Q3 earnings expectations and provided strong FY2025 guidance. Other hedge funds also adjusted their positions in the company, indicating varied investor sentiment.
3 Reasons BFAM is Risky and 1 Stock to Buy Instead
Bright Horizons Family Solutions' shares have underperformed the S&P 500, leading analysts to express caution. The company exhibits slow organic growth, suggesting waning demand in its core business. While there are projected improvements in free cash flow and a positive trend in Return on Invested Capital (ROIC), the stock's current valuation at 20.7x forward P/E suggests it's a "market darling" with limited upside, prompting the recommendation to look for other opportunities.
A Look At Bright Horizons Family Solutions (BFAM) Valuation After Strong Recent Earnings Growth
Bright Horizons Family Solutions (BFAM) has shown strong earnings growth, with 74% over the past year and 161% over three years, and analysts predict an 18% annual expansion for the next three years. Despite recent positive momentum in share price, the stock's long-term performance has been weaker. Simply Wall St's narrative suggests the stock is 20.4% undervalued with a fair value of $128.78, driven by expected operating margin improvements and increased enrollment, although risks like low enrollment in underperforming centers and labor pressures exist.
Asset Management One Co. Ltd. Lowers Holdings in Bright Horizons Family Solutions Inc. $BFAM
Asset Management One Co. Ltd. significantly reduced its stake in Bright Horizons Family Solutions Inc. (BFAM) by 54.2% in Q3 2025, selling 15,407 shares. Despite the reduced holdings, Bright Horizons exceeded Q3 expectations with strong EPS and revenue, also providing an optimistic FY2025 guidance. Analyst opinions on BFAM are mixed, with a consensus "Hold" rating and an average price target of $128.29.
What Bright Horizons Family Solutions (BFAM)'s Surging Earnings Momentum Means For Shareholders
Bright Horizons Family Solutions recently demonstrated strong earnings momentum, with significant increases in earnings per share over the past year and three years, and analysts projecting faster growth than the broader market. This positive earnings trajectory, combined with share repurchase programs, helps explain investor comfort with the company's high earnings multiple, although challenges like underperforming centers and enrollment levels remain key risks. The article delves into the company's investment narrative, fair value estimates, and highlights the importance of analyzing various perspectives.
BBH Select Series – Mid Cap Fund sold Bright Horizons Family Solutions (BFAM) following share price appreciation
The BBH Select Series – Mid Cap Fund sold its shares in Bright Horizons Family Solutions (BFAM) during the second and third quarters of 2023, capitalizing on significant share price appreciation. Despite positive growth in Bright Horizons' child care business, the Fund decided to exit the position due to the stock reaching valuation targets.
