Graham Capital Management L.P. Sells 15,319 Shares of Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Graham Capital Management L.P. reduced its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 55.6%, selling 15,319 shares during the first quarter and now holds 12,215 shares valued at approximately $1.55 million.
• Insider transactions included Director Mary Ann Tocio selling 3,000 shares for $360,300 and COO Mary Lou Burke selling 1,000 shares for $128,990, reflecting a decrease in their respective positions.
• Bright Horizons reported a quarterly revenue of $731.57 million, surpassing expectations, along with a net margin of 6.34% and a return on equity of 15.12%.

Graham Capital Management L.P. lessened its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 55.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,215 shares of the company's stock after selling 15,319 shares during the period. Graham Capital Management L.P.'s holdings in Bright Horizons Family Solutions were worth $1,552,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in Bright Horizons Family Solutions by 355.6% in the 1st quarter. SG Americas Securities LLC now owns 11,139 shares of the company's stock worth $1,415,000 after acquiring an additional 8,694 shares during the last quarter. Impax Asset Management Group plc grew its holdings in Bright Horizons Family Solutions by 13.8% in the 1st quarter. Impax Asset Management Group plc now owns 29,044 shares of the company's stock worth $3,690,000 after acquiring an additional 3,514 shares during the last quarter. Stephens Investment Management Group LLC grew its holdings in Bright Horizons Family Solutions by 9.9% in the 1st quarter. Stephens Investment Management Group LLC now owns 612,835 shares of the company's stock worth $77,855,000 after acquiring an additional 55,115 shares during the last quarter. Bessemer Group Inc. grew its holdings in Bright Horizons Family Solutions by 4.3% in the 1st quarter. Bessemer Group Inc. now owns 289,884 shares of the company's stock worth $36,826,000 after acquiring an additional 11,967 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Bright Horizons Family Solutions by 5.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 317,822 shares of the company's stock worth $40,376,000 after acquiring an additional 16,805 shares during the last quarter.

Insiders Place Their Bets

In other news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction 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 directly owned 28,449 shares of the company's stock, valued at $3,669,636.51. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 3,000 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total transaction of $360,300.00. Following the transaction, the director owned 18,233 shares of the company's stock, valued at approximately $2,189,783.30. This represents a 14.13% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,000 shares of company stock valued at $611,850. Corporate insiders own 1.21% of the company's stock.

Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM traded up $0.42 during midday trading on Friday, reaching $116.75. The stock had a trading volume of 372,987 shares, compared to its average volume of 504,367. The stock has a 50-day moving average of $117.91 and a 200-day moving average of $121.70. 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 company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 38.28 and a beta of 1.27. Bright Horizons Family Solutions Inc. has a 12-month low of $103.75 and a 12-month high of $141.80.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.07. The firm had revenue of $731.57 million during the quarter, compared to analysts' expectations of $724.32 million. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company 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 anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BFAM shares. Jefferies Financial Group lowered shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their price target for the stock from $146.00 to $135.00 in a report on Monday, June 23rd. Morgan Stanley reduced their price target on shares of 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. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $134.57.

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.