Fox Run Management L.L.C. Acquires 4,314 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Fox Run Management L.L.C. grew its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 259.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,977 shares of the company's stock after purchasing an additional 4,314 shares during the period. Fox Run Management L.L.C.'s holdings in Bright Horizons Family Solutions were worth $663,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BFAM. William Blair Investment Management LLC grew its stake 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 in the last quarter. State Street Corp boosted its holdings in shares of Bright Horizons Family Solutions by 0.4% in the third quarter. State Street Corp now owns 999,263 shares of the company's stock worth $140,027,000 after acquiring an additional 3,970 shares during the period. Geode Capital Management LLC grew its position in shares of Bright Horizons Family Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 924,832 shares of the company's stock valued at $129,633,000 after purchasing an additional 7,597 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Bright Horizons Family Solutions during the 4th quarter valued at $79,578,000. Finally, American Century Companies Inc. lifted its holdings in Bright Horizons Family Solutions by 29.5% during the 4th quarter. American Century Companies Inc. now owns 711,745 shares of the company's stock worth $78,897,000 after purchasing an additional 162,278 shares in the last quarter.

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Bright Horizons Family Solutions Price Performance

Shares of NYSE BFAM traded down $2.35 during trading hours on Friday, reaching $126.63. 344,912 shares of the stock traded hands, compared to its average volume of 420,287. The company's 50-day simple moving average is $124.47 and its two-hundred day simple moving average is $123.02. The company has a market capitalization of $7.26 billion, a P/E ratio of 52.76 and a beta of 1.50. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $141.90. 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 issued its quarterly earnings results on Thursday, February 13th. The company reported $0.88 EPS 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 forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Wall Street Analysts Forecast Growth

BFAM has been the topic of a number of analyst reports. Morgan Stanley decreased their target price 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. BMO Capital Markets increased their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. UBS Group dropped their price objective on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. StockNews.com upgraded Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, The Goldman Sachs Group dropped their price target on Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating for the company in a research report on Friday, December 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.67.

Insider Buying and Selling

In other 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 completion of the transaction, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $124.74, for a total value of $311,850.00. Following the completion of the sale, the director now owns 22,757 shares of the company's stock, valued at approximately $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 corporate insiders.

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.