Hussman Strategic Advisors Inc. Makes New $2.33 Million Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Hussman Strategic Advisors Inc. purchased a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 21,000 shares of the company's stock, valued at approximately $2,328,000.

A number of other hedge funds have also recently made changes to their positions in BFAM. Creative Planning purchased a new position in shares of Bright Horizons Family Solutions during the third quarter worth about $373,000. OLD National Bancorp IN lifted its position in Bright Horizons Family Solutions by 2.7% during the third quarter. OLD National Bancorp IN now owns 3,159 shares of the company's stock valued at $443,000 after purchasing an additional 82 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Bright Horizons Family Solutions by 174.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company's stock valued at $48,260,000 after purchasing an additional 218,707 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in Bright Horizons Family Solutions in the 3rd quarter worth approximately $29,000. Finally, Private Advisor Group LLC lifted its stake in Bright Horizons Family Solutions by 16.5% during the third quarter. Private Advisor Group LLC now owns 2,491 shares of the company's stock worth $349,000 after purchasing an additional 352 shares during the last quarter.

Insider Transactions at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 5,000 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the sale, the director now directly owns 25,257 shares of the company's stock, valued at $2,897,230.47. This represents a 16.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Trading Down 2.4 %

NYSE BFAM traded down $3.08 during trading on Friday, hitting $126.29. The company had a trading volume of 525,477 shares, compared to its average volume of 436,208. The company's fifty day moving average is $116.91 and its 200-day moving average is $124.69. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year 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 $7.35 billion, a price-to-earnings ratio of 52.62 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group decreased 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. BMO Capital Markets boosted their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an "outperform" rating in a report on Tuesday. UBS Group cut their price objective on shares of 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. Morgan Stanley cut 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. Finally, Robert W. Baird raised shares of Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price target for the company in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.67.

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.