Advantage Alpha Capital Partners LP Sells 31,926 Shares of Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Advantage Alpha Capital Partners LP has reduced its holdings in Bright Horizons Family Solutions by 43.4% during the first quarter, owning 41,681 shares worth approximately $5.3 million.
• Despite Advantage Alpha's decrease, other institutional investors have increased their stakes, with JPMorgan Chase boosting its holdings by 23.8% to nearly 4.4 million shares valued at about $558 million.
• Bright Horizons Family Solutions reported earnings of $1.07 per share, exceeding estimates, with revenues of $731.57 million for the quarter, marking a 9.2% year-over-year increase.

Advantage Alpha Capital Partners LP lowered its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 43.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,681 shares of the company's stock after selling 31,926 shares during the quarter. Bright Horizons Family Solutions comprises 1.3% of Advantage Alpha Capital Partners LP's holdings, making the stock its 24th biggest position. Advantage Alpha Capital Partners LP owned 0.07% of Bright Horizons Family Solutions worth $5,295,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BFAM. JPMorgan Chase & Co. raised its stake in Bright Horizons Family Solutions by 23.8% in the first quarter. JPMorgan Chase & Co. now owns 4,391,997 shares of the company's stock valued at $557,959,000 after purchasing an additional 845,391 shares in the last quarter. Point72 Asset Management L.P. raised its stake in Bright Horizons Family Solutions by 199.6% in the fourth quarter. Point72 Asset Management L.P. now owns 671,635 shares of the company's stock valued at $74,451,000 after purchasing an additional 447,457 shares in the last quarter. Premier Fund Managers Ltd acquired a new position in Bright Horizons Family Solutions in the first quarter valued at about $50,653,000. Millennium Management LLC raised its stake in Bright Horizons Family Solutions by 1,081.6% in the fourth quarter. Millennium Management LLC now owns 354,241 shares of the company's stock valued at $39,268,000 after purchasing an additional 324,262 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Bright Horizons Family Solutions by 742.8% in the fourth quarter. Deutsche Bank AG now owns 273,399 shares of the company's stock valued at $30,306,000 after purchasing an additional 240,960 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BFAM shares. Jefferies Financial Group downgraded Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and dropped their price target for the company from $146.00 to $135.00 in a research note on Monday, June 23rd. Morgan Stanley lowered their target price on Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating for the company in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $137.75.

Insider Activity at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total value of $360,300.00. Following the sale, the director directly owned 18,233 shares in the company, valued at $2,189,783.30. This represents a 14.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $128.99, for a total value of $128,990.00. Following the completion of the sale, the chief operating officer owned 28,449 shares in the company, valued at $3,669,636.51. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,500 shares of company stock worth $933,075 over the last quarter. 1.21% of the stock is currently owned by company insiders.

Bright Horizons Family Solutions Trading Up 0.3%

Shares of NYSE:BFAM traded up $0.38 during midday trading on Wednesday, hitting $119.22. 101,655 shares of the stock were exchanged, compared to its average volume of 497,448. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 39.09 and a beta of 1.34. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.56. The business's 50-day moving average price is $118.66 and its 200 day moving average price is $122.07. Bright Horizons Family Solutions Inc. has a 12 month low of $103.75 and a 12 month high of $141.90.

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 the consensus estimate of $1.00 by $0.07. The company had revenue of $731.57 million for the quarter, compared to analysts' expectations of $724.32 million. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The business's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. Analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

About Bright Horizons Family Solutions

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.