MetLife Investment Management LLC Boosts Stock Position in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• MetLife Investment Management LLC significantly increased its stake in Bright Horizons Family Solutions by 8,650.8%, acquiring an additional 120,419 shares to total 121,811 shares worth approximately $15.5 million.
• Several other institutional investors, including SG Americas Securities and Impax Asset Management, have also increased their holdings in Bright Horizons, indicating strong institutional interest in the company.
• Bright Horizons recently reported an EPS of $1.07 for the last quarter, exceeding analyst estimates, and set its FY 2025 guidance between $4.150-$4.250 EPS.

MetLife Investment Management LLC grew its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 8,650.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,811 shares of the company's stock after acquiring an additional 120,419 shares during the quarter. MetLife Investment Management LLC owned about 0.21% of Bright Horizons Family Solutions worth $15,475,000 as of its most recent SEC filing.

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

Insider Activity

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $128.99, for a total value of $128,990.00. Following the transaction, the chief operating officer directly owned 28,449 shares of the company's stock, valued at approximately $3,669,636.51. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary Ann Tocio sold 3,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total value of $360,300.00. Following the completion of the transaction, the director directly owned 18,233 shares in the company, valued at $2,189,783.30. The trade was a 14.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,000 shares of company stock worth $611,850 over the last three months. Insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Stock Performance

NYSE:BFAM traded down $0.38 on Friday, hitting $117.97. The stock had a trading volume of 503,781 shares, compared to its average volume of 623,107. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 38.68 and a beta of 1.27. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.57. The business's 50-day simple moving average is $118.45 and its two-hundred day simple moving average is $122.08. Bright Horizons Family Solutions Inc. has a 52-week low of $103.75 and a 52-week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.07. The business 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 revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the firm posted $0.88 earnings per share. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. As a group, research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on BFAM. Morgan Stanley dropped their price objective on Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating on the stock in a research report on Monday, July 28th. Jefferies Financial Group cut Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and dropped their price objective 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, four have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.57.

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.