Schonfeld Strategic Advisors LLC Has $832,000 Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Schonfeld Strategic Advisors LLC reduced its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 68.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,505 shares of the company's stock after selling 16,165 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Bright Horizons Family Solutions were worth $832,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC raised its holdings in Bright Horizons Family Solutions by 24.6% during the third quarter. Barclays PLC now owns 19,215 shares of the company's stock worth $2,693,000 after purchasing an additional 3,796 shares in the last quarter. Tidal Investments LLC bought a new position in Bright Horizons Family Solutions during the third quarter valued at about $695,000. Wealth Enhancement Advisory Services LLC boosted its stake in Bright Horizons Family Solutions by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company's stock valued at $601,000 after buying an additional 113 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Bright Horizons Family Solutions by 17.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 98,650 shares of the company's stock valued at $10,935,000 after buying an additional 14,583 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in Bright Horizons Family Solutions by 23.4% during the fourth quarter. Park Avenue Securities LLC now owns 3,881 shares of the company's stock valued at $430,000 after buying an additional 736 shares in the last quarter.

Insider Transactions at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 2,500 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the completion of the transaction, the director now directly owns 22,757 shares of the company's stock, valued at $2,838,708.18. This represents a 9.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $125.36, for a total value of $125,360.00. Following the transaction, the chief operating officer now directly owns 31,449 shares of the company's stock, valued at $3,942,446.64. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,500 shares of company stock worth $561,900 over the last 90 days. 1.22% of the stock is owned by insiders.

Bright Horizons Family Solutions Price Performance

BFAM stock traded up $0.91 during trading on Monday, hitting $122.94. The company had a trading volume of 551,843 shares, compared to its average volume of 443,582. The company has a fifty day moving average price of $122.23 and a two-hundred day moving average price of $119.27. 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 company has a market cap of $7.04 billion, a P/E ratio of 51.22 and a beta of 1.32. 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 data on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $664.34 million. During the same quarter in the previous year, the company posted $0.51 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BFAM has been the subject of several analyst reports. Jefferies Financial Group reduced their target price 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. StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. UBS Group lowered 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. Morgan Stanley lifted their price objective on Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. Finally, BMO Capital Markets lifted their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of "Moderate Buy" and an average target price of $138.33.

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.