400,163 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Bought by Premier Fund Managers Ltd

Key Points

• Premier Fund Managers Ltd purchased 400,163 shares of Bright Horizons Family Solutions, valued at approximately $50.65 million, making it the firm's 21st largest holding.
• Several institutional investors, including Larson Financial Group and Global Financial Private Client, significantly increased their positions in Bright Horizons, with increases of up to 244.2%.
• Bright Horizons recently reported an earnings beat with $0.77 EPS, surpassing expectations, alongside a year-over-year revenue increase of 6.9%.

Premier Fund Managers Ltd bought a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 400,163 shares of the company's stock, valued at approximately $50,653,000. Bright Horizons Family Solutions makes up about 1.9% of Premier Fund Managers Ltd's investment portfolio, making the stock its 21st largest position. Premier Fund Managers Ltd owned approximately 0.70% of Bright Horizons Family Solutions at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Larson Financial Group LLC boosted its position in shares of Bright Horizons Family Solutions by 62.2% in the 1st quarter. Larson Financial Group LLC now owns 206 shares of the company's stock worth $26,000 after buying an additional 79 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Bright Horizons Family Solutions by 79.9% during the 1st quarter. Parallel Advisors LLC now owns 322 shares of the company's stock valued at $41,000 after acquiring an additional 143 shares during the last quarter. Global Financial Private Client LLC increased its stake in shares of Bright Horizons Family Solutions by 244.2% during the 1st quarter. Global Financial Private Client LLC now owns 327 shares of the company's stock valued at $42,000 after acquiring an additional 232 shares during the last quarter. HM Payson & Co. acquired a new position in shares of Bright Horizons Family Solutions during the 1st quarter valued at about $50,000. Finally, GAMMA Investing LLC increased its stake in shares of Bright Horizons Family Solutions by 72.7% during the 1st quarter. GAMMA Investing LLC now owns 475 shares of the company's stock valued at $60,000 after acquiring an additional 200 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BFAM. Morgan Stanley dropped their target price on shares of Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating for the company in a research report on Monday. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and dropped their target price for the stock from $146.00 to $135.00 in a research report on Monday, June 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of "Moderate Buy" and an average target price of $138.00.

Bright Horizons Family Solutions Stock Up 11.1%

NYSE BFAM traded up $12.50 on Friday, reaching $125.60. The company had a trading volume of 1,209,724 shares, compared to its average volume of 478,485. The firm has a market capitalization of $7.19 billion, a PE ratio of 45.41 and a beta of 1.30. Bright Horizons Family Solutions Inc. has a 1 year low of $103.75 and a 1 year high of $141.90. The firm has a 50-day moving average of $120.92 and a 200-day moving average of $121.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.60 and a quick ratio of 0.60.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.07. The firm had revenue of $731.57 million during the quarter, compared to analysts' expectations of $724.32 million. Bright Horizons Family Solutions had a return on equity of 14.62% and a net margin of 5.91%. Bright Horizons Family Solutions's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. On average, equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $122.56, for a total transaction of $122,560.00. Following the completion of the transaction, the chief operating officer directly owned 29,449 shares in the company, valued at approximately $3,609,269.44. This represents a 3.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David H. Lissy sold 6,282 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $130.10, for a total value of $817,288.20. Following the transaction, the director owned 69,312 shares of the company's stock, valued at approximately $9,017,491.20. This trade represents a 8.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,282 shares of company stock worth $1,723,633 in the last 90 days. 1.21% of the stock is owned by 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.