Jane Street Group LLC Trims Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Jane Street Group LLC reduced its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 73.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,993 shares of the company's stock after selling 22,143 shares during the period. Jane Street Group LLC's holdings in Bright Horizons Family Solutions were worth $886,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Atala Financial Inc bought a new position in Bright Horizons Family Solutions in the fourth quarter valued at about $32,000. Tortoise Investment Management LLC raised its stake in shares of Bright Horizons Family Solutions by 76.7% in the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock worth $46,000 after buying an additional 181 shares during the period. Federated Hermes Inc. raised its stake in shares of Bright Horizons Family Solutions by 194.8% in the fourth quarter. Federated Hermes Inc. now owns 914 shares of the company's stock worth $101,000 after buying an additional 604 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Bright Horizons Family Solutions by 926.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,417 shares of the company's stock worth $157,000 after purchasing an additional 1,279 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Bright Horizons Family Solutions by 20.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,750 shares of the company's stock worth $194,000 after purchasing an additional 300 shares in the last quarter.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $124.69, for a total transaction of $124,690.00. Following the completion of the transaction, the chief operating officer now directly owns 33,449 shares of the company's stock, valued at $4,170,755.81. This represents a 2.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the completion of the transaction, the director now owns 22,757 shares in the company, valued at approximately $2,838,708.18. This trade represents a 9.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,500 shares of company stock worth $561,900. 1.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Bright Horizons Family Solutions Stock Down 0.7%

Shares of BFAM traded down $0.85 during trading hours on Thursday, hitting $128.15. The company had a trading volume of 195,532 shares, compared to its average volume of 453,562. The company has a market capitalization of $7.34 billion, a PE ratio of 53.40 and a beta of 1.32. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year high of $141.90. The company's fifty day moving average price is $121.94 and its two-hundred day moving average price is $119.27.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.14. Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. The firm had revenue of $665.53 million for the quarter, compared to the consensus estimate of $664.34 million. During the same period in the previous year, the business earned $0.51 EPS. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

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.