Millennium Management LLC Boosts Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Millennium Management LLC raised its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 1,081.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 354,241 shares of the company's stock after buying an additional 324,262 shares during the period. Millennium Management LLC owned about 0.61% of Bright Horizons Family Solutions worth $39,268,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Oppenheimer Asset Management Inc. boosted its position in shares of Bright Horizons Family Solutions by 0.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company's stock valued at $1,463,000 after buying an additional 96 shares during the period. Bank of Montreal Can boosted its position 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 shares of 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 valued at $833,000 after buying an additional 111 shares during the period. Arizona State Retirement System raised its stake in shares of Bright Horizons Family Solutions by 0.9% during the fourth quarter. Arizona State Retirement System now owns 15,161 shares of the company's stock valued at $1,681,000 after acquiring an additional 129 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Bright Horizons Family Solutions by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 25,336 shares of the company's stock valued at $2,808,000 after acquiring an additional 150 shares in the last quarter.

Bright Horizons Family Solutions Stock Up 2.8%

Shares of BFAM stock traded up $3.50 during trading hours on Friday, reaching $130.02. 720,025 shares of the company's stock were exchanged, compared to its average volume of 451,847. The stock's 50 day moving average is $121.72 and its 200-day moving average is $118.98. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 54.18 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 fifty-two week low of $100.59 and a fifty-two week high of $141.90.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.14. The business had revenue of $665.53 million for the quarter, compared to the consensus estimate of $664.34 million. Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. Analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BFAM. Jefferies Financial Group decreased their price target on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Morgan Stanley lifted 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 research note on Tuesday, May 6th. BMO Capital Markets lifted their price target on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. UBS Group reduced their price objective on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Finally, 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. One 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 a consensus price target of $138.33.

Insider Activity

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

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.