Advantage Alpha Capital Partners LP Grows Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Advantage Alpha Capital Partners LP boosted its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 50.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,607 shares of the company's stock after purchasing an additional 24,590 shares during the quarter. Bright Horizons Family Solutions makes up 1.9% of Advantage Alpha Capital Partners LP's portfolio, making the stock its 3rd biggest holding. Advantage Alpha Capital Partners LP owned approximately 0.13% of Bright Horizons Family Solutions worth $8,159,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Bright Horizons Family Solutions by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company's stock valued at $603,332,000 after acquiring an additional 101,151 shares during the last quarter. LPL Financial LLC grew its holdings in Bright Horizons Family Solutions by 11.4% in the fourth quarter. LPL Financial LLC now owns 40,068 shares of the company's stock valued at $4,442,000 after purchasing an additional 4,108 shares during the period. Fox Run Management L.L.C. increased its position in Bright Horizons Family Solutions by 259.4% during the fourth quarter. Fox Run Management L.L.C. now owns 5,977 shares of the company's stock worth $663,000 after purchasing an additional 4,314 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Bright Horizons Family Solutions during the fourth quarter worth approximately $1,186,000. Finally, American Century Companies Inc. raised its stake in Bright Horizons Family Solutions by 29.5% during the fourth 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 during the period.

Remove Ads

Bright Horizons Family Solutions Stock Performance

NYSE BFAM traded down $2.35 on Friday, hitting $126.63. The stock had a trading volume of 344,912 shares, compared to its average volume of 420,287. The company's 50-day moving average is $124.47 and its two-hundred day moving average is $123.02. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year high of $141.90. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 52.76 and a beta of 1.50. 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 data on Thursday, February 13th. The company reported $0.88 earnings per share (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%. On average, analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Insider Transactions at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction 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 sale, the director now owns 22,757 shares of the company's stock, valued at approximately $2,838,708.18. The trade was a 9.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mary Lou Burke sold 1,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total value of $124,690.00. Following the completion of the sale, the chief operating officer now owns 33,449 shares of the company's stock, valued at approximately $4,170,755.81. This trade represents a 2.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.22% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. BMO Capital Markets upped their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. The Goldman Sachs Group cut their price objective on Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a report on Friday, December 27th. Morgan Stanley reduced their price objective on Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 11th. UBS Group dropped their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Finally, StockNews.com raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $137.67.

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.