Russell Investments Group Ltd. Has $1.04 Million Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Russell Investments Group Ltd. increased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 140.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,359 shares of the company's stock after purchasing an additional 5,465 shares during the quarter. Russell Investments Group Ltd.'s holdings in Bright Horizons Family Solutions were worth $1,037,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of BFAM. Versant Capital Management Inc acquired a new stake in Bright Horizons Family Solutions in the 4th quarter worth about $25,000. Atala Financial Inc acquired a new position in Bright Horizons Family Solutions during the fourth quarter worth approximately $32,000. Tortoise Investment Management LLC raised its stake in Bright Horizons Family Solutions by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company's stock worth $46,000 after purchasing an additional 181 shares during the period. Anchor Investment Management LLC boosted its holdings in Bright Horizons Family Solutions by 423.2% in the third quarter. Anchor Investment Management LLC now owns 654 shares of the company's stock valued at $92,000 after acquiring an additional 529 shares during the last quarter. Finally, Avanza Fonder AB acquired a new stake in Bright Horizons Family Solutions during the fourth quarter worth about $93,000.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BFAM shares. StockNews.com upgraded shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. Jefferies Financial Group reduced their price objective on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. UBS Group dropped their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. BMO Capital Markets lifted their price objective on shares of 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. Finally, The Goldman Sachs Group cut their price objective on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a report on Friday, December 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Bright Horizons Family Solutions has an average rating of "Moderate Buy" and an average target price of $137.67.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock traded up $0.90 during midday trading on Friday, reaching $120.63. 252,837 shares of the stock traded hands, compared to its average volume of 440,855. 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 fifty day moving average price of $123.06 and a two-hundred day moving average price of $120.03. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 50.26 and a beta of 1.31. 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 issued its quarterly earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. On average, equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were 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 directly owns 22,757 shares in the company, valued at approximately $2,838,708.18. This trade represents a 9.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $124.69, for a total value of $124,690.00. Following the transaction, the chief operating officer now owns 33,449 shares in the company, valued at $4,170,755.81. The trade was a 2.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions 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.