Magnetar Financial LLC Purchases 14,999 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Magnetar Financial LLC boosted its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 102.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,656 shares of the company's stock after acquiring an additional 14,999 shares during the period. Magnetar Financial LLC owned 0.05% of Bright Horizons Family Solutions worth $3,287,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd lifted its holdings in shares of Bright Horizons Family Solutions by 62.8% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company's stock worth $787,000 after acquiring an additional 2,739 shares during the period. Cerity Partners LLC raised its position in Bright Horizons Family Solutions by 63.0% during the third quarter. Cerity Partners LLC now owns 29,078 shares of the company's stock valued at $4,075,000 after purchasing an additional 11,236 shares in the last quarter. New York Life Investment Management LLC bought a new stake in Bright Horizons Family Solutions during the fourth quarter worth $679,000. New York State Common Retirement Fund boosted its holdings in shares of Bright Horizons Family Solutions by 45.4% in the 4th quarter. New York State Common Retirement Fund now owns 115,183 shares of the company's stock valued at $12,768,000 after purchasing an additional 35,959 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Bright Horizons Family Solutions in the 4th quarter valued at $5,212,000.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Thursday, March 13th. The stock was 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 directly owns 33,449 shares in the company, valued at approximately $4,170,755.81. The trade was a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the completion of the sale, the director now owns 22,757 shares of the company's stock, valued at $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.22% of the company's stock.

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Bright Horizons Family Solutions Trading Down 1.3 %

NYSE BFAM traded down $1.63 on Tuesday, reaching $124.89. The company had a trading volume of 301,764 shares, compared to its average volume of 408,774. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 52.04 and a beta of 1.50. Bright Horizons Family Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $141.90. The business has a 50 day moving average of $123.68 and a two-hundred day moving average of $123.14. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61.

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 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%. Analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. The Goldman Sachs Group dropped their price objective on Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating for the company in a research report on Friday, December 27th. Morgan Stanley dropped their target price on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating for the company in a report on Tuesday, February 11th. StockNews.com raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. UBS Group lowered 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 report on Friday, January 24th. Finally, Jefferies Financial Group cut their target price on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Bright Horizons Family Solutions currently 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.