Advantage Alpha Capital Partners LP Cuts Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Advantage Alpha Capital Partners LP lessened its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 37.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,017 shares of the company's stock after selling 28,730 shares during the quarter. Bright Horizons Family Solutions comprises about 1.6% of Advantage Alpha Capital Partners LP's investment portfolio, making the stock its 13th largest position. Advantage Alpha Capital Partners LP owned approximately 0.08% of Bright Horizons Family Solutions worth $6,869,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Raleigh Capital Management Inc. acquired a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at $29,000. V Square Quantitative Management LLC bought a new stake in Bright Horizons Family Solutions in the 3rd quarter valued at $35,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Bright Horizons Family Solutions by 850.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company's stock worth $38,000 after buying an additional 306 shares during the period. Daiwa Securities Group Inc. boosted its stake in Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock valued at $43,000 after purchasing an additional 165 shares during the period. Finally, Quarry LP increased its position in Bright Horizons Family Solutions by 68.3% during the second quarter. Quarry LP now owns 436 shares of the company's stock worth $48,000 after acquiring an additional 177 shares during the period.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BFAM shares. The Goldman Sachs Group upped their target price on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and cut their price objective for the stock from $137.00 to $125.00 in a research report on Monday, November 18th. Robert W. Baird raised shares of Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 target price on the stock in a report on Friday. Baird R W raised shares of Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a report on Friday. Finally, UBS Group lifted their price objective on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $141.50.

Bright Horizons Family Solutions Stock Up 0.4 %

NYSE:BFAM traded up $0.49 on Tuesday, hitting $115.10. The stock had a trading volume of 479,641 shares, compared to its average volume of 392,058. The company has a market cap of $6.70 billion, a PE ratio of 57.84 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a 52 week low of $86.79 and a 52 week high of $141.90. The business's fifty day moving average is $128.01 and its 200 day moving average is $122.58. The company has a quick ratio of 0.61, 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 released its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share 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 net margin of 4.44% and a return on equity of 13.23%. The business's revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 earnings per share. On average, equities research analysts expect that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Insider Activity

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the company's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $140.65, for a total value of $112,520.00. Following the completion of the sale, the chief operating officer now directly owns 31,825 shares of the company's stock, valued at approximately $4,476,186.25. This represents a 2.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.22% of the company's stock.

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.