Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Bought by Graham Capital Management L.P.

Graham Capital Management L.P. raised its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 122.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,534 shares of the company's stock after purchasing an additional 15,146 shares during the period. Graham Capital Management L.P.'s holdings in Bright Horizons Family Solutions were worth $3,052,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atala Financial Inc acquired a new stake in shares of Bright Horizons Family Solutions in the fourth quarter worth approximately $32,000. Tortoise Investment Management LLC raised its holdings in Bright Horizons Family Solutions by 76.7% in the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock valued at $46,000 after buying an additional 181 shares during the period. Avanza Fonder AB purchased a new position in Bright Horizons Family Solutions in the fourth quarter valued at approximately $93,000. Federated Hermes Inc. raised its holdings in Bright Horizons Family Solutions by 194.8% in the fourth quarter. Federated Hermes Inc. now owns 914 shares of the company's stock valued at $101,000 after buying an additional 604 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Bright Horizons Family Solutions by 926.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,417 shares of the company's stock valued at $157,000 after buying an additional 1,279 shares during the period.

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 value of $311,850.00. Following the completion of the transaction, the director now owns 22,757 shares of the company's stock, 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 document filed with the SEC, which is available through this link. Also, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $125.36, for a total transaction of $125,360.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 4,500 shares of company stock valued at $561,900 over the last 90 days. 1.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BFAM has been the topic of several research reports. StockNews.com upgraded shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. Jefferies Financial Group cut their price target on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. BMO Capital Markets lifted their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Morgan Stanley lifted their price objective on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a research note on Tuesday, May 6th. Finally, UBS Group dropped their price objective on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Bright Horizons Family Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $138.33.

Bright Horizons Family Solutions Stock Down 1.2%

Shares of BFAM stock traded down $1.40 during mid-day trading on Wednesday, reaching $119.97. 449,471 shares of the company were exchanged, compared to its average volume of 443,728. Bright Horizons Family Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market capitalization of $6.87 billion, a P/E ratio of 49.99 and a beta of 1.32. The business's 50 day simple moving average is $121.81 and its 200 day simple moving average is $119.24.

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

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.