Oak Thistle LLC Makes New $249,000 Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Oak Thistle LLC purchased a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,199 shares of the company’s stock, valued at approximately $249,000.

A number of other institutional investors also recently made changes to their positions in BFAM. Norges Bank acquired a new position in Bright Horizons Family Solutions in the fourth quarter valued at $57,363,000. Public Employees Retirement Association of Colorado boosted its position in shares of Bright Horizons Family Solutions by 4,227.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 294,024 shares of the company’s stock worth $27,709,000 after buying an additional 287,229 shares during the period. Comerica Bank purchased a new stake in shares of Bright Horizons Family Solutions in the third quarter worth about $10,590,000. Capital World Investors boosted its position in shares of Bright Horizons Family Solutions by 10.5% in the fourth quarter. Capital World Investors now owns 1,348,432 shares of the company’s stock worth $127,076,000 after buying an additional 128,632 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Bright Horizons Family Solutions by 18.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 708,527 shares of the company’s stock worth $66,775,000 after buying an additional 109,548 shares during the period.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BFAM. Robert W. Baird upped their target price on Bright Horizons Family Solutions from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. The Goldman Sachs Group increased their price target on Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. increased their price target on Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, BMO Capital Markets increased their price target on Bright Horizons Family Solutions from $102.00 to $104.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $107.43.

Bright Horizons Family Solutions Stock Performance

Shares of Bright Horizons Family Solutions stock traded down $1.33 on Monday, reaching $108.75. 298,652 shares of the company were exchanged, compared to its average volume of 344,233. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.51 and a current ratio of 0.51. The company’s 50-day moving average is $107.70 and its two-hundred day moving average is $105.72. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 76.59, a P/E/G ratio of 4.13 and a beta of 1.45. Bright Horizons Family Solutions Inc. has a 1-year low of $71.65 and a 1-year high of $119.21.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, May 2nd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. Bright Horizons Family Solutions had a return on equity of 12.00% and a net margin of 3.34%. The firm had revenue of $622.71 million for the quarter, compared to analysts’ expectations of $614.60 million. As a group, research analysts expect that Bright Horizons Family Solutions Inc. will post 2.76 earnings per share for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Lightfoot Sara Lawrence sold 4,597 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $107.23, for a total transaction of $492,936.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Bright Horizons Family Solutions news, Director Lightfoot Sara Lawrence sold 4,597 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $107.23, for a total transaction of $492,936.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $106.42, for a total value of $85,136.00. Following the sale, the chief operating officer now directly owns 37,725 shares of the company’s stock, valued at $4,014,694.50. The disclosure for this sale can be found here. Insiders have sold a total of 26,647 shares of company stock worth $2,978,550 in the last three months. 1.22% of the stock is owned by company insiders.

Bright Horizons Family Solutions 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.