Algert Global LLC Has $8.42 Million Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Algert Global LLC grew its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 50.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,051 shares of the company's stock after purchasing an additional 20,090 shares during the quarter. Algert Global LLC owned 0.10% of Bright Horizons Family Solutions worth $8,415,000 at the end of the most recent quarter.

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

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 Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the sale, the chief operating officer now directly owns 31,025 shares of the company's stock, valued at approximately $4,248,563.50. This represents a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.22% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BFAM. 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. Barclays increased their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, August 30th. BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and cut their target price for the company from $137.00 to $125.00 in a research note on Monday, November 18th. Robert W. Baird raised 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. Finally, UBS Group increased their price objective on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.50.

Bright Horizons Family Solutions Stock Performance

Bright Horizons Family Solutions stock traded up $2.03 during mid-day trading on Friday, hitting $113.08. 767,113 shares of the company's stock traded hands, compared to its average volume of 750,017. 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 Inc. has a one year low of $86.79 and a one year high of $141.90. The firm has a 50 day moving average price of $128.51 and a 200 day moving average price of $122.57. The company has a market cap of $6.58 billion, a PE ratio of 56.82 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.05. The business had revenue of $719.00 million for the quarter, compared to analysts' expectations of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The company's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share. On average, equities analysts forecast that Bright Horizons Family Solutions Inc. will post 3 EPS 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.