Point72 Asset Management L.P. Increases Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Point72 Asset Management L.P. lifted its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 199.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 671,635 shares of the company's stock after purchasing an additional 447,457 shares during the quarter. Point72 Asset Management L.P. owned about 1.15% of Bright Horizons Family Solutions worth $74,451,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BFAM. Polar Asset Management Partners Inc. purchased a new position in Bright Horizons Family Solutions during the fourth quarter valued at $11,340,000. Quantinno Capital Management LP increased its stake in shares of Bright Horizons Family Solutions by 95.9% in the 4th quarter. Quantinno Capital Management LP now owns 8,546 shares of the company's stock worth $947,000 after acquiring an additional 4,183 shares in the last quarter. Man Group plc purchased a new position in Bright Horizons Family Solutions during the 4th quarter valued at about $1,724,000. Nuveen Asset Management LLC lifted its position in Bright Horizons Family Solutions by 6.9% during the 4th quarter. Nuveen Asset Management LLC now owns 297,511 shares of the company's stock valued at $32,979,000 after acquiring an additional 19,237 shares during the period. Finally, Needham Investment Management LLC boosted its stake in Bright Horizons Family Solutions by 2.3% during the fourth quarter. Needham Investment Management LLC now owns 112,000 shares of the company's stock worth $12,415,000 after acquiring an additional 2,500 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have weighed in on BFAM. UBS Group decreased their target price 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. StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. BMO Capital Markets lifted their price objective on 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. Morgan Stanley increased their target price on 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. Finally, Jefferies Financial Group reduced their price target on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. One 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. Based on data from MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $138.33.

Bright Horizons Family Solutions Stock Down 0.3%

BFAM traded down $0.37 during trading on Monday, hitting $123.96. 560,781 shares of the company's stock traded hands, compared to its average volume of 446,738. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 51.65 and a beta of 1.32. The company's 50 day simple moving average is $121.78 and its two-hundred day simple moving average is $118.87. Bright Horizons Family Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $141.90. 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 (NYSE:BFAM - Get Free Report) last announced its quarterly 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. Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. The firm had revenue of $665.53 million for the quarter, compared to the consensus estimate of $664.34 million. During the same period in the prior year, the company posted $0.51 earnings per share. The company's quarterly revenue was up 6.9% on a year-over-year basis. Analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

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 the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $125.36, for a total transaction 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 approximately $3,942,446.64. The trade was a 3.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction on 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 transaction, the director now owns 22,757 shares in the company, valued at approximately $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. In the last 90 days, insiders have sold 4,500 shares of company stock worth $561,900. Company insiders own 1.22% of the company's stock.

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.