85,000 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Purchased by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. purchased a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 85,000 shares of the company's stock, valued at approximately $9,422,000. Alyeska Investment Group L.P. owned about 0.15% of Bright Horizons Family Solutions as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Barclays PLC raised its position in shares of Bright Horizons Family Solutions by 24.6% during the third quarter. Barclays PLC now owns 19,215 shares of the company's stock worth $2,693,000 after acquiring an additional 3,796 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Bright Horizons Family Solutions in the 3rd quarter worth approximately $695,000. Versant Capital Management Inc acquired a new position in shares of Bright Horizons Family Solutions in the 4th quarter worth approximately $25,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Bright Horizons Family Solutions by 2.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company's stock valued at $601,000 after purchasing an additional 113 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Bright Horizons Family Solutions by 17.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 98,650 shares of the company's stock worth $10,935,000 after buying an additional 14,583 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BFAM shares. UBS Group decreased their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Jefferies Financial Group lowered their target price on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Morgan Stanley increased their price target on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. StockNews.com upgraded shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, BMO Capital Markets raised their price target 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $138.33.

Bright Horizons Family Solutions Stock Down 0.0 %

BFAM stock traded down $0.02 during mid-day trading on Friday, reaching $121.97. 536,320 shares of the company traded hands, compared to its average volume of 443,147. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 50.82 and a beta of 1.32. Bright Horizons Family Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $141.90. The firm's 50 day moving average price is $122.23 and its 200 day moving average price is $119.34. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.14. Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. The business had revenue of $665.53 million during the quarter, compared to the consensus estimate of $664.34 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. Bright Horizons Family Solutions's revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $124.74, for a total value of $311,850.00. Following the transaction, the director now owns 22,757 shares of the company's stock, valued at approximately $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $125.36, for a total value of $125,360.00. Following the sale, the chief operating officer now directly owns 31,449 shares of the company's stock, valued at approximately $3,942,446.64. This represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,500 shares of company stock worth $561,900. 1.22% of the stock is owned by insiders.

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.