Erste Asset Management GmbH Acquires Shares of 6,933 Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Erste Asset Management GmbH purchased a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 6,933 shares of the company's stock, valued at approximately $961,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions in the third quarter valued at about $29,000. V Square Quantitative Management LLC bought a new position in Bright Horizons Family Solutions during the third quarter worth about $35,000. Whittier Trust Co. of Nevada Inc. increased its position in Bright Horizons Family Solutions by 850.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company's stock worth $38,000 after acquiring an additional 306 shares during the period. Daiwa Securities Group Inc. increased its position in Bright Horizons Family Solutions by 73.3% during the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock worth $43,000 after acquiring an additional 165 shares during the period. Finally, Quarry LP increased its position in Bright Horizons Family Solutions by 68.3% during the second quarter. Quarry LP now owns 436 shares of the company's stock worth $48,000 after acquiring an additional 177 shares during the period.

Bright Horizons Family Solutions Stock Up 2.7 %

BFAM stock traded up $3.08 during midday trading on Wednesday, reaching $118.69. 593,494 shares of the company's stock traded hands, compared to its average volume of 394,851. The company has a market cap of $6.91 billion, a price-to-earnings ratio of 58.10 and a beta of 1.43. The firm's fifty day moving average price is $125.25 and its 200-day moving average price is $122.69. 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 52 week low of $87.82 and a 52 week high of $141.90.

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

Wall Street Analyst Weigh In

BFAM has been the topic of several recent analyst reports. The Goldman Sachs Group raised their target price on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Barclays raised their price target 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. Morgan Stanley raised their price target on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an "underweight" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lifted their target price 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. Finally, 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 stock from $137.00 to $125.00 in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $141.50.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on Monday, October 7th. The shares were sold at an average price of $136.94, for a total transaction of $109,552.00. Following the transaction, the chief operating officer now directly owns 31,025 shares of the company's stock, valued at $4,248,563.50. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.22% of the stock is currently owned by company 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.