AGF Management Ltd. Takes Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

AGF Management Ltd. purchased a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,602 shares of the company's stock, valued at approximately $2,505,000.

A number of other hedge funds also recently made changes to their positions in BFAM. Y Intercept Hong Kong Ltd increased its position in Bright Horizons Family Solutions by 62.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company's stock valued at $787,000 after acquiring an additional 2,739 shares during the period. Cerity Partners LLC grew its stake in shares of Bright Horizons Family Solutions by 63.0% in the third quarter. Cerity Partners LLC now owns 29,078 shares of the company's stock worth $4,075,000 after purchasing an additional 11,236 shares in the last quarter. New York Life Investment Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the fourth quarter valued at $679,000. New York State Common Retirement Fund raised its stake in shares of Bright Horizons Family Solutions by 45.4% during the fourth quarter. New York State Common Retirement Fund now owns 115,183 shares of the company's stock valued at $12,768,000 after purchasing an additional 35,959 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Bright Horizons Family Solutions by 560.0% during the third quarter. BNP Paribas Financial Markets now owns 9,180 shares of the company's stock valued at $1,286,000 after purchasing an additional 7,789 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BFAM shares. BMO Capital Markets increased their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. StockNews.com upgraded shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. Morgan Stanley dropped their target price on Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating on the stock in a report on Tuesday, February 11th. 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. Finally, Jefferies Financial Group lowered their price target on Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Bright Horizons Family Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $137.67.

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Insiders Place Their Bets

In related news, Director Mary Ann Tocio sold 2,500 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the transaction, the director now directly owns 22,757 shares of the company's stock, valued at approximately $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $124.69, for a total value of $124,690.00. Following the completion of the sale, the chief operating officer now directly owns 33,449 shares of the company's stock, valued at approximately $4,170,755.81. This represents a 2.90 % 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 Price Performance

Shares of BFAM traded up $2.43 during trading hours on Monday, hitting $129.16. 269,837 shares of the company were exchanged, compared to its average volume of 429,065. 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 capitalization of $7.41 billion, a PE ratio of 53.82 and a beta of 1.50. The firm has a fifty day simple moving average of $122.12 and a 200-day simple moving average of $123.70. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. As a group, sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share 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.