Two Sigma Investments LP Has $24.23 Million Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Two Sigma Investments LP lifted its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 183.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,609 shares of the company's stock after purchasing an additional 141,467 shares during the period. Two Sigma Investments LP owned about 0.38% of Bright Horizons Family Solutions worth $24,233,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BFAM. Atala Financial Inc acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter worth $32,000. Tortoise Investment Management LLC raised 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 valued at $46,000 after acquiring an additional 181 shares in the last quarter. Federated Hermes Inc. raised 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 valued at $101,000 after acquiring an additional 604 shares in the last quarter. LRI Investments LLC raised 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 valued at $154,000 after acquiring an additional 932 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised 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 valued at $157,000 after acquiring an additional 1,279 shares in the last quarter.

Bright Horizons Family Solutions Stock Up 2.2%

Bright Horizons Family Solutions stock traded up $2.92 during trading hours on Tuesday, hitting $132.54. The company had a trading volume of 133,036 shares, compared to its average volume of 449,416. The firm has a market capitalization of $7.59 billion, a P/E ratio of 55.22 and a beta of 1.32. The firm's fifty day moving average is $121.74 and its 200-day moving average is $119.11. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. 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 posted its earnings results on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. The firm had revenue of $665.53 million during the quarter, compared to analysts' expectations of $664.34 million. Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. The company's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. On average, research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on BFAM. Wall Street Zen raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. BMO Capital Markets upped their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Finally, Morgan Stanley lifted 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 research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $138.33.

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 that occurred on Thursday, May 1st. The shares were 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 directly owns 31,449 shares in the company, valued at $3,942,446.64. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction that occurred 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 completion of the sale, the director now owns 22,757 shares of the company's stock, 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 worth $561,900 over the last ninety days. 1.22% of the stock is currently owned by insiders.

Bright Horizons Family Solutions Company 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.