PDT Partners LLC Takes Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

PDT Partners LLC purchased a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,158 shares of the company's stock, valued at approximately $2,124,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BFAM. Cerity Partners LLC grew its stake in shares of Bright Horizons Family Solutions by 63.0% in the 3rd quarter. Cerity Partners LLC now owns 29,078 shares of the company's stock worth $4,075,000 after buying an additional 11,236 shares during the last quarter. TimesSquare Capital Management LLC purchased a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter worth approximately $13,639,000. Massachusetts Financial Services Co. MA grew its stake in shares of Bright Horizons Family Solutions by 15.4% in the 3rd 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 during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Bright Horizons Family Solutions by 19.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 218,859 shares of the company's stock worth $30,669,000 after buying an additional 35,971 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Bright Horizons Family Solutions by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company's stock worth $86,395,000 after buying an additional 51,024 shares during the last quarter.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE:BFAM traded up $0.38 during midday trading on Friday, hitting $115.63. The company had a trading volume of 376,909 shares, compared to its average volume of 810,941. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 58.11 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a 12-month low of $86.79 and a 12-month high of $141.90. The company has a fifty day moving average of $126.22 and a two-hundred day moving average of $122.57.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued 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. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The business had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. During the same quarter in the prior year, the business posted $0.78 EPS. Bright Horizons Family Solutions's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, equities research analysts expect that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Mary Lou Burke sold 800 shares of the firm's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the transaction, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BFAM. Baird R W raised Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. Robert W. Baird raised Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price objective on the stock in a research report on Friday, November 22nd. Morgan Stanley upped their price objective on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an "underweight" rating in a research report on Tuesday, November 5th. UBS Group upped their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. increased their price target on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $141.50.

Bright Horizons Family Solutions Company 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.