Point72 Asset Management L.P. Decreases Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Point72 Asset Management L.P. cut its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 60.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,178 shares of the company's stock after selling 346,245 shares during the period. Point72 Asset Management L.P. owned approximately 0.39% of Bright Horizons Family Solutions worth $31,414,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Cerity Partners LLC boosted its stake in Bright Horizons Family Solutions by 63.0% in the 3rd quarter. Cerity Partners LLC now owns 29,078 shares of the company's stock valued at $4,075,000 after buying an additional 11,236 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $13,639,000. Massachusetts Financial Services Co. MA grew its position in Bright Horizons Family Solutions by 15.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company's stock worth $445,761,000 after acquiring an additional 423,456 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in Bright Horizons Family Solutions by 19.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 218,859 shares of the company's stock valued at $30,669,000 after purchasing an additional 35,971 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Bright Horizons Family Solutions by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company's stock worth $86,395,000 after purchasing an additional 51,024 shares in the last quarter.

Bright Horizons Family Solutions Stock Down 3.5 %

Shares of NYSE:BFAM traded down $4.16 during trading on Friday, hitting $115.11. 1,933,010 shares of the company's stock traded hands, compared to its average volume of 402,877. The company has a 50-day moving average price of $124.42 and a 200-day moving average price of $122.64. Bright Horizons Family Solutions Inc. has a 52 week low of $87.82 and a 52 week high of $141.90. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 57.84 and a beta of 1.43.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.11 EPS 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 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 for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 EPS. As a group, research analysts forecast that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total value of $573,550.00. Following the transaction, the director now owns 25,257 shares in the company, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mary Lou Burke sold 800 shares of the business's stock in a transaction on Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the sale, the chief operating officer now owns 31,025 shares in the company, valued at approximately $4,248,563.50. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BFAM. JPMorgan Chase & Co. upped their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an "overweight" 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 lowered their price target for the company from $137.00 to $125.00 in a report 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 price target on the stock in a research note on Friday, November 22nd. Barclays upped their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. Finally, Morgan Stanley lifted their price target on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an "underweight" rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.50.

Bright Horizons Family Solutions 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.