Impax Asset Management Group plc Acquires New Stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Impax Asset Management Group plc purchased a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 20,388 shares of the company's stock, valued at approximately $2,857,000.

Several other hedge funds and other institutional investors also recently modified their holdings of BFAM. Lord Abbett & CO. LLC bought a new position in shares of Bright Horizons Family Solutions in the 1st quarter valued at $64,735,000. Millennium Management LLC acquired a new stake in shares of Bright Horizons Family Solutions during the 2nd quarter valued at $28,995,000. M&G Plc acquired a new stake in shares of Bright Horizons Family Solutions during the 1st quarter valued at $27,467,000. Point72 Asset Management L.P. boosted its holdings in shares of Bright Horizons Family Solutions by 64.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company's stock valued at $62,792,000 after acquiring an additional 222,823 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Bright Horizons Family Solutions by 174.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company's stock valued at $48,260,000 after acquiring an additional 218,707 shares in the last quarter.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the sale, the chief operating officer now directly owns 31,825 shares of the company's stock, valued at approximately $4,476,186.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the sale, the chief operating officer now directly owns 31,825 shares of the company's stock, valued at approximately $4,476,186.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $130.93, for a total value of $327,325.00. Following the completion of the transaction, the director now owns 30,257 shares in the company, valued at $3,961,549.01. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,100 shares of company stock valued at $549,397. Corporate insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Trading Up 0.4 %

Shares of BFAM stock traded up $0.51 during mid-day trading on Wednesday, hitting $116.39. The company's stock had a trading volume of 1,545,893 shares, compared to its average volume of 364,808. The company's fifty day simple moving average is $135.84 and its 200-day simple moving average is $122.28. Bright Horizons Family Solutions Inc. has a 52 week low of $80.29 and a 52 week high of $141.90. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market cap of $6.76 billion, a PE ratio of 66.61 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its 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. Bright Horizons Family Solutions had a return on equity of 12.86% and a net margin of 3.98%. The business had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. During the same period in the previous year, the company posted $0.78 EPS. The firm's revenue was up 11.3% compared to the same quarter last year. As a group, equities research analysts expect that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BFAM. BMO Capital Markets raised their price objective on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the company a "market perform" rating in a report on Friday, August 2nd. UBS Group raised their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a "neutral" rating in a report on Tuesday. Barclays raised their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a "hold" rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Bright Horizons Family Solutions has an average rating of "Hold" and an average price target of $141.13.

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.