Polar Asset Management Partners Inc. Acquires New Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Polar Asset Management Partners Inc. acquired a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 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 SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd raised its stake in Bright Horizons Family Solutions by 62.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company's stock worth $787,000 after acquiring an additional 2,739 shares during the period. Barclays PLC raised its stake in Bright Horizons Family Solutions by 57.5% during the fourth quarter. Barclays PLC now owns 30,272 shares of the company's stock worth $3,355,000 after acquiring an additional 11,057 shares during the period. New York Life Investment Management LLC acquired a new stake in Bright Horizons Family Solutions during the fourth quarter worth about $679,000. New York State Common Retirement Fund raised its stake in Bright Horizons Family Solutions by 45.4% during the fourth quarter. New York State Common Retirement Fund now owns 115,183 shares of the company's stock worth $12,768,000 after acquiring an additional 35,959 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new stake in Bright Horizons Family Solutions during the fourth quarter worth about $5,212,000.

Bright Horizons Family Solutions Price Performance

BFAM stock traded down $0.08 on Tuesday, hitting $123.70. 137,878 shares of the company's stock traded hands, compared to its average volume of 445,582. Bright Horizons Family Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $141.90. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 51.57 and a beta of 1.32. The stock has a fifty day moving average of $121.78 and a 200-day moving average of $118.87. 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 released its earnings results on Monday, May 5th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. The business had revenue of $665.53 million during the quarter, compared to analyst estimates of $664.34 million. During the same period in the prior year, the business earned $0.51 earnings per share. The business's quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Buying and Selling

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 sale, the chief operating officer now directly owns 31,449 shares of the company's stock, valued at $3,942,446.64. The trade was a 3.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the business's 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 sale, the director now directly 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 sold 4,500 shares of company stock valued at $561,900. Company insiders own 1.22% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. 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 report on Friday, January 24th. Morgan Stanley upped their target price on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a research report on Tuesday, May 6th. BMO Capital Markets upped their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. StockNews.com upgraded shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, Jefferies Financial Group decreased their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $138.33.

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.