Magnetar Financial LLC Has $668,000 Stock Position in Bright Horizons Family Solutions Inc. $BFAM

Key Points

• Magnetar Financial LLC significantly reduced its holdings in Bright Horizons Family Solutions by selling 24,400 shares, representing an 82.3% decrease in their position.
• In the latest quarterly earnings report, Bright Horizons reported $731.57 million in revenue, exceeding analyst estimates and showing a 9.2% year-over-year increase.
• Following recent insider trades, 1.21% of Bright Horizons Family Solutions stock is currently held by company insiders, indicating notable selling activity among executives.

Magnetar Financial LLC lessened its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 82.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,256 shares of the company's stock after selling 24,400 shares during the period. Magnetar Financial LLC's holdings in Bright Horizons Family Solutions were worth $668,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Bright Horizons Family Solutions by 23.8% in 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 during the last quarter. Point72 Asset Management L.P. boosted its holdings in Bright Horizons Family Solutions by 199.6% in the fourth quarter. Point72 Asset Management L.P. now owns 671,635 shares of the company's stock valued at $74,451,000 after acquiring an additional 447,457 shares during the last quarter. Premier Fund Managers Ltd bought a new position in Bright Horizons Family Solutions in the first quarter valued at about $50,653,000. Millennium Management LLC boosted its holdings in Bright Horizons Family Solutions by 1,081.6% in the fourth quarter. Millennium Management LLC now owns 354,241 shares of the company's stock valued at $39,268,000 after acquiring an additional 324,262 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in Bright Horizons Family Solutions by 742.8% during the fourth quarter. Deutsche Bank AG now owns 273,399 shares of the company's stock worth $30,306,000 after buying an additional 240,960 shares during the last quarter.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM traded up $0.42 during midday trading on Friday, hitting $116.75. 372,987 shares of the company's stock were exchanged, compared to its average volume of 504,367. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.57. Bright Horizons Family Solutions Inc. has a 12 month low of $103.75 and a 12 month high of $141.80. The company's 50 day moving average price is $117.91 and its 200 day moving average price is $121.70. The firm has a market capitalization of $6.64 billion, a PE ratio of 38.28 and a beta of 1.27.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.07. The business had revenue of $731.57 million during the quarter, compared to the consensus estimate of $724.32 million. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The firm's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 EPS. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. As a group, analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction on Friday, August 1st. The stock was sold at an average price of $128.99, for a total value of $128,990.00. Following the completion of the transaction, the chief operating officer directly owned 28,449 shares of the company's stock, valued at $3,669,636.51. The trade was a 3.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Ann Tocio sold 3,000 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $120.10, for a total value of $360,300.00. Following the transaction, the director directly owned 18,233 shares of the company's stock, valued at $2,189,783.30. This trade represents a 14.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,000 shares of company stock valued at $611,850 over the last 90 days. 1.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BFAM. Jefferies Financial Group cut Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and reduced their target price for the stock from $146.00 to $135.00 in a report on Monday, June 23rd. Morgan Stanley dropped their target price 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. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.57.

About Bright Horizons Family Solutions

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.