Walleye Capital LLC Acquires New Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Walleye Capital LLC bought a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 3,346 shares of the company’s stock, valued at approximately $469,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Bright Horizons Family Solutions by 15.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after buying an additional 423,456 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Bright Horizons Family Solutions in the second quarter valued at approximately $28,995,000. Point72 Asset Management L.P. raised its holdings in shares of Bright Horizons Family Solutions by 64.1% in the second quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock valued at $62,792,000 after purchasing an additional 222,823 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Bright Horizons Family Solutions by 174.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock worth $48,260,000 after purchasing an additional 218,707 shares during the last quarter. Finally, TimesSquare Capital Management LLC acquired a new position in Bright Horizons Family Solutions during the third quarter worth $13,639,000.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Robert W. Baird raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target on the stock in a research report on Friday, November 22nd. Barclays raised their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. upped their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. UBS Group raised their target price on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.50.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the sale, the chief operating officer now owns 31,025 shares of the company’s stock, valued at $4,248,563.50. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary Ann Tocio sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the transaction, the director now directly owns 25,257 shares in the company, valued at $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is owned by corporate insiders.

Bright Horizons Family Solutions Trading Down 3.5 %

BFAM stock opened at $115.11 on Monday. Bright Horizons Family Solutions Inc. has a one year low of $87.82 and a one year high of $141.90. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 57.84 and a beta of 1.43. The company has a fifty day moving average price of $123.96 and a two-hundred day moving average price of $122.87. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The business had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. Bright Horizons Family Solutions’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 EPS. Equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 EPS 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.