102,300 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. purchased a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 102,300 shares of the company's stock, valued at approximately $11,340,000. Polar Asset Management Partners Inc. owned 0.18% of Bright Horizons Family Solutions as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Bright Horizons Family Solutions by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company's stock valued at $603,332,000 after purchasing an additional 101,151 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Bright Horizons Family Solutions by 60.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,958,538 shares of the company's stock worth $549,654,000 after acquiring an additional 1,868,117 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Bright Horizons Family Solutions by 16.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,546,606 shares of the company's stock worth $393,141,000 after acquiring an additional 511,905 shares during the period. William Blair Investment Management LLC increased its position in shares of Bright Horizons Family Solutions by 29.0% during the fourth quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock worth $262,752,000 after acquiring an additional 532,644 shares during the period. Finally, Bamco Inc. NY raised its stake in shares of Bright Horizons Family Solutions by 4.7% in the fourth quarter. Bamco Inc. NY now owns 1,559,277 shares of the company's stock valued at $172,846,000 after acquiring an additional 69,940 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 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 in the company, valued at approximately $4,170,755.81. This represents a 2.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the 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 transaction, the director now 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 sold 4,500 shares of company stock valued at $561,900 over the last 90 days. 1.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BFAM shares. BMO Capital Markets increased their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Morgan Stanley raised their price objective on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. Finally, Wall Street Zen raised 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 issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $138.33.

Bright Horizons Family Solutions Trading Down 1.9%

Shares of Bright Horizons Family Solutions stock traded down $2.47 during trading hours on Wednesday, hitting $129.03. The company's stock had a trading volume of 571,488 shares, compared to its average volume of 454,558. The business has a fifty day moving average of $121.94 and a 200 day moving average of $119.27. Bright Horizons Family Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $141.90. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $7.39 billion, a PE ratio of 53.76 and a beta of 1.32.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $665.53 million for the quarter, compared to analysts' expectations of $664.34 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The firm's quarterly revenue 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 EPS for the current year.

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.