Proficio Capital Partners LLC Makes New $3.07 Million Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Proficio Capital Partners LLC purchased a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 27,713 shares of the company's stock, valued at approximately $3,072,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Y Intercept Hong Kong Ltd raised its stake in shares of Bright Horizons Family Solutions by 62.8% during the fourth 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 in the last quarter. Cerity Partners LLC increased its holdings in Bright Horizons Family Solutions by 63.0% during the third quarter. Cerity Partners LLC now owns 29,078 shares of the company's stock valued at $4,075,000 after buying an additional 11,236 shares during the period. New York Life Investment Management LLC purchased a new position in Bright Horizons Family Solutions during the fourth quarter valued at approximately $679,000. New York State Common Retirement Fund increased its holdings in 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 buying an additional 35,959 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in 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 buying an additional 7,789 shares during the period.

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Analyst Ratings Changes

Several brokerages recently issued reports on BFAM. Jefferies Financial Group cut their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. StockNews.com raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. UBS Group cut their price objective on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Morgan Stanley cut their price objective on shares of 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. Finally, 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 report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $137.67.

Insider Activity

In related news, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $124.74, for a total transaction of $311,850.00. Following the completion of the transaction, the director now directly owns 22,757 shares in the company, valued at $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following the transaction, the chief operating officer now owns 33,449 shares of the company's stock, valued at $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 Stock Down 1.4 %

NYSE BFAM traded down $1.74 on Friday, hitting $124.58. The stock had a trading volume of 568,428 shares, compared to its average volume of 408,529. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 51.91 and a beta of 1.50. 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 Inc. has a 52-week low of $100.59 and a 52-week high of $141.90. The business's fifty day moving average price is $123.44 and its 200 day moving average price is $123.47.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its quarterly earnings data 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%. Equities research analysts anticipate 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.