2,264 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Purchased by Wolverine Trading LLC

Wolverine Trading LLC purchased a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,264 shares of the company’s stock, valued at approximately $314,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its stake in shares of Bright Horizons Family Solutions by 0.4% during the third quarter. State Street Corp now owns 999,263 shares of the company’s stock valued at $140,027,000 after buying an additional 3,970 shares during the period. Quadrature Capital Ltd bought a new stake in Bright Horizons Family Solutions in the third quarter valued at $612,000. Quantinno Capital Management LP increased its position in Bright Horizons Family Solutions by 37.4% during the 3rd quarter. Quantinno Capital Management LP now owns 4,363 shares of the company’s stock valued at $611,000 after purchasing an additional 1,187 shares during the period. Quarry LP raised its holdings in Bright Horizons Family Solutions by 197.9% in the 3rd quarter. Quarry LP now owns 1,299 shares of the company’s stock worth $182,000 after purchasing an additional 863 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter worth about $567,000.

Bright Horizons Family Solutions Trading Down 0.4 %

Bright Horizons Family Solutions stock opened at $109.72 on Friday. Bright Horizons Family Solutions Inc. has a 12 month low of $88.58 and a 12 month high of $141.90. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 55.14 and a beta of 1.43. The business’s fifty day simple moving average is $121.29 and its two-hundred day simple moving average is $122.90. 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) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. The company had revenue of $719.00 million for the quarter, compared to analysts’ expectations 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 revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS. As a group, equities analysts predict that Bright Horizons Family Solutions Inc. will post 3.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BFAM shares. Morgan Stanley reduced their price target on shares of Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating on the stock in a research report on Thursday. Barclays upped their target price on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Baird R W upgraded Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective for the company in a report on Friday, November 22nd. Finally, The Goldman Sachs Group boosted their target price on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.75.

Insider Activity

In other news, Director Mary Ann Tocio sold 5,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, October 7th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Corporate 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.