International Assets Investment Management LLC Takes $54.89 Million Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

International Assets Investment Management LLC acquired a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 58,240 shares of the company's stock, valued at approximately $54,890,000. International Assets Investment Management LLC owned about 0.10% of Bright Horizons Family Solutions at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Bright Horizons Family Solutions during the 1st quarter worth $213,000. American Century Companies Inc. lifted its position in shares of Bright Horizons Family Solutions by 9.6% in the first quarter. American Century Companies Inc. now owns 1,885 shares of the company's stock valued at $250,000 after buying an additional 165 shares during the last quarter. Citigroup Inc. increased its stake in shares of Bright Horizons Family Solutions by 70.4% in the 1st quarter. Citigroup Inc. now owns 9,624 shares of the company's stock valued at $1,277,000 after purchasing an additional 3,975 shares during the last quarter. MetLife Investment Management LLC acquired a new position in shares of Bright Horizons Family Solutions in the 1st quarter valued at about $444,000. Finally, Raymond James Trust N.A. increased its holdings in Bright Horizons Family Solutions by 12.5% during the 1st quarter. Raymond James Trust N.A. now owns 3,972 shares of the company's stock worth $527,000 after purchasing an additional 440 shares in the last quarter.

Insiders Place Their Bets

In related news, COO Mary Lou Burke sold 1,500 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $105.00, for a total value of $157,500.00. Following the sale, the chief operating officer now directly owns 37,253 shares in the company, valued at approximately $3,911,565. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Bright Horizons Family Solutions news, CFO Elizabeth J. Boland sold 15,640 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.77, for a total transaction of $1,779,362.80. Following the transaction, the chief financial officer now directly owns 89,983 shares in the company, valued at approximately $10,237,365.91. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Mary Lou Burke sold 1,500 shares of Bright Horizons Family Solutions stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $105.00, for a total value of $157,500.00. Following the transaction, the chief operating officer now owns 37,253 shares in the company, valued at approximately $3,911,565. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,740 shares of company stock worth $1,996,191. 1.28% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BFAM has been the subject of several recent research reports. UBS Group lowered their target price on shares of Bright Horizons Family Solutions from $103.00 to $102.00 and set a "neutral" rating for the company in a report on Wednesday, February 14th. Robert W. Baird upped their target price on shares of Bright Horizons Family Solutions from $94.00 to $105.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. StockNews.com cut shares of Bright Horizons Family Solutions from a "hold" rating to a "sell" rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. upped their price objective on shares of Bright Horizons Family Solutions from $93.00 to $107.00 and gave the company an "overweight" rating in a research note on Wednesday, February 14th. Finally, Barclays raised Bright Horizons Family Solutions from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $100.00 to $125.00 in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Bright Horizons Family Solutions has an average rating of "Hold" and an average price target of $100.50.

Bright Horizons Family Solutions Price Performance

Shares of BFAM stock traded up $1.09 during mid-day trading on Monday, hitting $112.52. 259,560 shares of the stock were exchanged, compared to its average volume of 360,041. The company has a market cap of $6.52 billion, a PE ratio of 88.60, a price-to-earnings-growth ratio of 4.28 and a beta of 1.37. Bright Horizons Family Solutions Inc. has a 52-week low of $71.65 and a 52-week high of $119.21. The firm has a fifty day moving average of $109.58 and a 200 day moving average of $95.61. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.78.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.12. Bright Horizons Family Solutions had a net margin of 3.07% and a return on equity of 12.24%. The firm had revenue of $615.65 million during the quarter, compared to analysts' expectations of $588.63 million. Research analysts anticipate that Bright Horizons Family Solutions Inc. will post 2.69 earnings per share 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.