Sherbrooke Park Advisers LLC Grows Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Sherbrooke Park Advisers LLC lifted its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 328.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,207 shares of the company's stock after buying an additional 4,759 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Bright Horizons Family Solutions were worth $688,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atala Financial Inc purchased a new stake in Bright Horizons Family Solutions during the 4th quarter worth about $32,000. Tortoise Investment Management LLC lifted its stake in Bright Horizons Family Solutions by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock worth $46,000 after purchasing an additional 181 shares during the last quarter. Avanza Fonder AB purchased a new stake in Bright Horizons Family Solutions during the fourth quarter worth approximately $93,000. Federated Hermes Inc. lifted its stake in Bright Horizons Family Solutions by 194.8% during the fourth quarter. Federated Hermes Inc. now owns 914 shares of the company's stock worth $101,000 after purchasing an additional 604 shares during the last quarter. Finally, LRI Investments LLC lifted its stake in Bright Horizons Family Solutions by 203.9% during the fourth quarter. LRI Investments LLC now owns 1,389 shares of the company's stock worth $154,000 after purchasing an additional 932 shares during the last quarter.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM traded up $4.92 during mid-day trading on Thursday, hitting $127.91. 356,908 shares of the company were exchanged, compared to its average volume of 444,069. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $121.71 and a 200-day simple moving average of $118.93. Bright Horizons Family Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $141.90. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 53.30 and a beta of 1.32.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BFAM shares. UBS Group decreased their target price on 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. Jefferies Financial Group cut their target price on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Morgan Stanley lifted their target price on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a research report on Tuesday, May 6th. Wall Street Zen raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. Finally, BMO Capital Markets increased their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $138.33.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the transaction, the chief operating officer now directly owns 33,449 shares in the company, valued at approximately $4,170,755.81. This represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mary Ann Tocio sold 2,500 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders sold 4,500 shares of company stock valued at $561,900. Corporate insiders own 1.22% of the company's stock.

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.