Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Purchased by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP raised its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 50.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,607 shares of the company’s stock after purchasing an additional 24,590 shares during the quarter. Bright Horizons Family Solutions accounts for 1.9% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 3rd biggest holding. Advantage Alpha Capital Partners LP owned about 0.13% of Bright Horizons Family Solutions worth $8,159,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Y Intercept Hong Kong Ltd increased its stake in Bright Horizons Family Solutions by 62.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company’s stock valued at $787,000 after buying an additional 2,739 shares during the period. Cerity Partners LLC boosted its position in Bright Horizons Family Solutions by 63.0% during the third quarter. Cerity Partners LLC now owns 29,078 shares of the company’s stock valued at $4,075,000 after purchasing an additional 11,236 shares during the last quarter. New York Life Investment Management LLC purchased a new position in Bright Horizons Family Solutions in the fourth quarter valued at about $679,000. New York State Common Retirement Fund increased its position in Bright Horizons Family Solutions by 45.4% in the 4th quarter. New York State Common Retirement Fund now owns 115,183 shares of the company’s stock worth $12,768,000 after purchasing an additional 35,959 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth about $5,212,000.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction on Monday, March 10th. The shares were sold at an average price of $124.74, for a total transaction of $311,850.00. Following the sale, the director now owns 22,757 shares in the company, valued at $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the completion of the transaction, the chief operating officer now owns 33,449 shares of the company’s stock, valued at approximately $4,170,755.81. This represents a 2.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Trading Down 1.4 %

Bright Horizons Family Solutions stock opened at $124.58 on Monday. The firm has a market capitalization of $7.14 billion, a PE ratio of 51.91 and a beta of 1.50. The business’s 50-day simple moving average is $123.44 and its 200-day simple moving average is $123.24. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. Bright Horizons Family Solutions Inc. has a 52 week low of $100.59 and a 52 week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on BFAM. Jefferies Financial Group lowered their price target on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd. UBS Group reduced their price objective on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. BMO Capital Markets upped their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group cut their target price on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, December 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $137.67.

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.