Advantage Alpha Capital Partners LP Has $5.30 Million Holdings in 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 reduced its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 43.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,681 shares of the company's stock after selling 31,926 shares during the quarter. Bright Horizons Family Solutions accounts for 1.3% of Advantage Alpha Capital Partners LP's portfolio, making the stock its 24th largest position. Advantage Alpha Capital Partners LP owned approximately 0.07% of Bright Horizons Family Solutions worth $5,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in BFAM. Ameriprise Financial Inc. raised its stake in shares of Bright Horizons Family Solutions by 14.7% in the 1st quarter. Ameriprise Financial Inc. now owns 577,755 shares of the company's stock valued at $73,398,000 after purchasing an additional 73,845 shares during the period. Knollwood Investment Advisory LLC bought a new position in shares of Bright Horizons Family Solutions during the first quarter worth about $216,000. Credit Agricole S A raised its position in Bright Horizons Family Solutions by 211.0% in the 1st quarter. Credit Agricole S A now owns 8,637 shares of the company's stock valued at $1,097,000 after buying an additional 5,860 shares during the last quarter. Northern Trust Corp lifted its stake in Bright Horizons Family Solutions by 4.1% in the 1st quarter. Northern Trust Corp now owns 327,078 shares of the company's stock valued at $41,552,000 after acquiring an additional 13,008 shares in the last quarter. Finally, Versor Investments LP acquired a new position in Bright Horizons Family Solutions during the 1st quarter worth approximately $464,000.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BFAM shares. Morgan Stanley lowered their price objective on shares of Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating on the stock in a report on Monday, July 28th. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and decreased their target price for the company from $146.00 to $135.00 in a research report on Monday, June 23rd. 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 issued a Sell rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.75.

Bright Horizons Family Solutions Stock Performance

Shares of Bright Horizons Family Solutions stock traded down $2.3740 during trading on Monday, hitting $120.9560. 436,134 shares of the stock were exchanged, compared to its average volume of 500,615. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 39.66 and a beta of 1.34. The company has a fifty day moving average price of $118.77 and a 200-day moving average price of $122.10. Bright Horizons Family Solutions Inc. has a 1-year low of $103.75 and a 1-year high of $141.90. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.07. The business had revenue of $731.57 million during the quarter, compared to the consensus estimate of $724.32 million. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. Bright Horizons Family Solutions's revenue was up 9.2% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. As a group, equities analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $128.99, for a total value of $128,990.00. Following the sale, the chief operating officer owned 28,449 shares in the company, valued at approximately $3,669,636.51. This represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elizabeth J. Boland sold 3,500 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $132.16, for a total transaction of $462,560.00. Following the transaction, the chief financial officer directly owned 80,162 shares of the company's stock, valued at approximately $10,594,209.92. This trade represents a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,282 shares of company stock valued at $2,212,923 over the last 90 days. 1.21% 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.