Impax Asset Management Group plc Makes New $2.86 Million Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Impax Asset Management Group plc purchased a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,388 shares of the company's stock, valued at approximately $2,857,000.

Several other hedge funds have also bought and sold shares of the stock. Curi RMB Capital LLC raised its position in shares of Bright Horizons Family Solutions by 1.5% in the third quarter. Curi RMB Capital LLC now owns 87,396 shares of the company's stock worth $12,247,000 after acquiring an additional 1,274 shares during the period. Geneva Capital Management LLC increased its stake in shares of Bright Horizons Family Solutions by 0.5% in the 3rd quarter. Geneva Capital Management LLC now owns 575,400 shares of the company's stock valued at $80,631,000 after purchasing an additional 2,649 shares in the last quarter. Aigen Investment Management LP acquired a new position in Bright Horizons Family Solutions in the 3rd quarter worth about $418,000. Entropy Technologies LP purchased a new position in Bright Horizons Family Solutions during the third quarter worth approximately $604,000. Finally, Venturi Wealth Management LLC grew its holdings in Bright Horizons Family Solutions by 61.6% in the third quarter. Venturi Wealth Management LLC now owns 2,250 shares of the company's stock valued at $315,000 after purchasing an additional 858 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BFAM. Barclays increased their target price on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. BMO Capital Markets lifted their target price on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a "market perform" rating in a research report on Friday, August 2nd. Morgan Stanley upped their price target on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an "underweight" rating in a research report on Tuesday, November 5th. UBS Group lifted their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a "hold" rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $141.13.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the firm's stock in a transaction on 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 sale, the chief operating officer now owns 31,025 shares of the company's stock, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.22% of the stock is currently owned by insiders.

Bright Horizons Family Solutions Price Performance

BFAM traded down $3.04 during trading on Friday, reaching $104.00. The company's stock had a trading volume of 1,056,608 shares, compared to its average volume of 673,937. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 52.26 and a beta of 1.49. The firm has a fifty day simple moving average of $131.45 and a two-hundred day simple moving average of $122.63. Bright Horizons Family Solutions Inc. has a 1 year low of $85.95 and a 1 year high of $141.90. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.05. The firm had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The firm's revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 earnings per share. As a group, analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

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.