CenterBook Partners LP Boosts Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

CenterBook Partners LP grew its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 56.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,682 shares of the company's stock after purchasing an additional 3,499 shares during the quarter. CenterBook Partners LP's holdings in Bright Horizons Family Solutions were worth $1,230,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Bright Horizons Family Solutions by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company's stock worth $603,332,000 after purchasing an additional 101,151 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Bright Horizons Family Solutions by 60.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock worth $549,654,000 after purchasing an additional 1,868,117 shares during the period. JPMorgan Chase & Co. lifted its stake in Bright Horizons Family Solutions by 16.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,546,606 shares of the company's stock worth $393,141,000 after purchasing an additional 511,905 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Bright Horizons Family Solutions by 1.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,589,014 shares of the company's stock valued at $328,908,000 after acquiring an additional 29,425 shares during the last quarter. Finally, Bamco Inc. NY raised its stake in shares of Bright Horizons Family Solutions by 4.7% in the fourth quarter. Bamco Inc. NY now owns 1,559,277 shares of the company's stock valued at $172,846,000 after acquiring an additional 69,940 shares during the last quarter.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM traded down $0.24 on Friday, reaching $114.81. 357,524 shares of the company's stock were exchanged, compared to its average volume of 475,149. The company has a fifty day moving average of $122.79 and a 200-day moving average of $121.88. Bright Horizons Family Solutions Inc. has a twelve month low of $103.75 and a twelve month high of $141.90. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 41.45 and a beta of 1.30. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.14. Bright Horizons Family Solutions had a net margin of 5.91% and a return on equity of 14.62%. The company had revenue of $665.53 million during the quarter, compared to the consensus estimate of $664.34 million. During the same quarter in the prior year, the firm posted $0.51 EPS. The firm's quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director David H. Lissy sold 6,282 shares of the firm's stock in a transaction 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 completion of the sale, the director directly owned 69,312 shares in the company, valued at approximately $9,017,491.20. This trade represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Elizabeth J. Boland sold 3,500 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $132.16, for a total transaction of $462,560.00. Following the completion of the transaction, the chief financial officer directly owned 80,162 shares in the company, valued at $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. In the last quarter, insiders have sold 14,282 shares of company stock valued at $1,848,993. Insiders own 1.21% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BFAM shares. Jefferies Financial Group cut shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their target price for the company from $146.00 to $135.00 in a research note on Monday, June 23rd. Morgan Stanley raised their price target on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.67.

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.