Quantinno Capital Management LP Grows Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Quantinno Capital Management LP grew its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 95.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,546 shares of the company's stock after acquiring an additional 4,183 shares during the quarter. Quantinno Capital Management LP's holdings in Bright Horizons Family Solutions were worth $947,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Atala Financial Inc bought a new stake in Bright Horizons Family Solutions in the fourth quarter worth $32,000. Tortoise Investment Management LLC boosted its holdings in 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 acquiring an additional 181 shares in the last quarter. Federated Hermes Inc. boosted its holdings in 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 acquiring an additional 604 shares in the last quarter. LRI Investments LLC boosted its holdings in Bright Horizons Family Solutions by 203.9% in the fourth quarter. LRI Investments LLC now owns 1,389 shares of the company's stock worth $154,000 after acquiring an additional 932 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Bright Horizons Family Solutions by 926.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,417 shares of the company's stock worth $157,000 after acquiring an additional 1,279 shares in the last quarter.

Bright Horizons Family Solutions Stock Performance

BFAM stock traded up $1.93 during trading on Tuesday, reaching $131.55. The stock had a trading volume of 706,783 shares, compared to its average volume of 453,250. Bright Horizons Family Solutions Inc. has a 52 week low of $100.59 and a 52 week high of $141.90. The stock's 50 day moving average is $121.74 and its two-hundred day moving average is $119.11. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The firm has a market cap of $7.53 billion, a PE ratio of 54.81 and a beta of 1.32.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.77 earnings per share for the quarter, beating 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 the consensus estimate of $664.34 million. During the same quarter in the prior year, the company earned $0.51 earnings per share. Bright Horizons Family Solutions's revenue was up 6.9% on a year-over-year basis. As a group, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on BFAM shares. BMO Capital Markets boosted their target price on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Morgan Stanley upped 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. 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 investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $138.33.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.74, for a total value of $311,850.00. Following the completion of the sale, the director now owns 22,757 shares in the company, valued at $2,838,708.18. This represents a 9.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $125.36, for a total value of $125,360.00. Following the completion of the sale, the chief operating officer now owns 31,449 shares of the company's stock, valued at approximately $3,942,446.64. The trade was a 3.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,500 shares of company stock worth $561,900 over the last quarter. 1.22% of the stock is currently owned by corporate 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.