Bright Horizons Family Solutions Inc. (NYSE:BFAM) Stock Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 21,843.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,344 shares of the company's stock after acquiring an additional 60,069 shares during the quarter. GAMMA Investing LLC owned approximately 0.11% of Bright Horizons Family Solutions worth $7,666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BFAM. Oppenheimer Asset Management Inc. raised its stake in Bright Horizons Family Solutions by 0.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company's stock valued at $1,463,000 after purchasing an additional 96 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Bright Horizons Family Solutions by 3.6% during the fourth quarter. Bank of Montreal Can now owns 2,912 shares of the company's stock valued at $323,000 after buying an additional 101 shares during the period. Accretive Wealth Partners LLC boosted its position in Bright Horizons Family Solutions by 1.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company's stock worth $833,000 after acquiring an additional 111 shares during the last quarter. Arizona State Retirement System grew its stake in Bright Horizons Family Solutions by 0.9% in the 4th quarter. Arizona State Retirement System now owns 15,161 shares of the company's stock worth $1,681,000 after acquiring an additional 129 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in Bright Horizons Family Solutions by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 25,336 shares of the company's stock worth $2,808,000 after acquiring an additional 150 shares during the period.

Insiders Place Their Bets

In related news, Director David H. Lissy sold 6,282 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $130.10, for a total value of $817,288.20. Following the completion of the transaction, the director now directly owns 69,312 shares of the company's stock, valued at $9,017,491.20. This represents a 8.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elizabeth J. Boland sold 3,500 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $132.16, for a total value of $462,560.00. Following the transaction, the chief financial officer now owns 80,162 shares of the company's stock, valued at $10,594,209.92. This trade represents a 4.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,282 shares of company stock valued at $1,851,123 over the last 90 days. 1.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BFAM. Morgan Stanley raised their price objective on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. Wall Street Zen raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, BMO Capital Markets raised their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $138.33.

Bright Horizons Family Solutions Stock Down 1.5%

Bright Horizons Family Solutions stock traded down $1.87 during trading on Monday, reaching $125.08. 537,433 shares of the company's stock were exchanged, compared to its average volume of 458,720. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $141.90. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 52.12 and a beta of 1.33. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The company's 50-day moving average is $122.11 and its two-hundred day moving average is $120.31.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. The business had revenue of $665.53 million during the quarter, compared to analyst estimates of $664.34 million. Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 earnings per share. On average, analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

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.