Arrowstreet Capital Limited Partnership Has $27.22 Million Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Arrowstreet Capital Limited Partnership lifted its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 209.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 245,544 shares of the company's stock after acquiring an additional 166,264 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.42% of Bright Horizons Family Solutions worth $27,219,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Artisan Partners Limited Partnership bought a new stake in Bright Horizons Family Solutions during the fourth quarter valued at about $91,536,000. Raymond James Financial Inc. acquired a new position in shares of Bright Horizons Family Solutions during the 4th quarter worth about $79,578,000. Norges Bank bought a new stake in Bright Horizons Family Solutions during the 4th quarter valued at approximately $71,842,000. William Blair Investment Management LLC grew its holdings in Bright Horizons Family Solutions by 29.0% in the 4th quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock valued at $262,752,000 after buying an additional 532,644 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Bright Horizons Family Solutions by 16.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,546,606 shares of the company's stock worth $393,141,000 after buying an additional 511,905 shares during the period.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $124.69, for a total transaction of $124,690.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction that occurred 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 owns 22,757 shares of the company's stock, valued at $2,838,708.18. This trade represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is owned by insiders.

Remove Ads

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BFAM shares. BMO Capital Markets increased their price objective on 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. UBS Group decreased their price target on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a research 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 for the company in a research report on Tuesday, February 11th. Jefferies Financial Group reduced their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Finally, StockNews.com upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Bright Horizons Family Solutions has an average rating of "Moderate Buy" and an average price target of $137.67.

Bright Horizons Family Solutions Price Performance

BFAM traded down $3.22 during midday trading on Monday, reaching $111.38. 878,860 shares of the company's stock were exchanged, compared to its average volume of 428,865. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year high of $141.90. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 46.41 and a beta of 1.31. The business has a 50-day simple moving average of $124.93 and a two-hundred day simple moving average of $122.08. 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 posted its earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. As a group, research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 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.