Bridgewater Associates LP Buys Shares of 5,008 Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Bridgewater Associates LP acquired a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,008 shares of the company's stock, valued at approximately $702,000.

Several other large investors have also bought and sold shares of BFAM. Raleigh Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions during the third quarter valued at $29,000. V Square Quantitative Management LLC purchased a new position in Bright Horizons Family Solutions in the 3rd quarter worth approximately $35,000. Whittier Trust Co. of Nevada Inc. lifted its position in Bright Horizons Family Solutions by 850.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company's stock valued at $38,000 after acquiring an additional 306 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock worth $43,000 after purchasing an additional 165 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company's stock worth $48,000 after purchasing an additional 177 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BFAM shares. 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. Baird R W raised shares of Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a report on Friday, November 22nd. The Goldman Sachs Group boosted their price objective 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. JPMorgan Chase & Co. raised their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and decreased their target price for the company from $137.00 to $125.00 in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued 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 an average target price of $141.50.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock traded up $0.18 during trading on Tuesday, reaching $115.61. The company had a trading volume of 426,641 shares, compared to its average volume of 393,998. The firm's 50-day simple moving average is $125.75 and its 200 day simple moving average is $122.64. Bright Horizons Family Solutions Inc. has a 52 week low of $87.82 and a 52 week high of $141.90. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 58.01 and a beta of 1.44.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping the consensus estimate 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 business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. Sell-side analysts forecast that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Mary Lou Burke sold 800 shares of the company's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the sale, the chief operating officer now directly owns 31,025 shares in the company, valued at approximately $4,248,563.50. This represents a 2.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.22% of the company's stock.

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.