Lecap Asset Management Ltd. Makes New Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Lecap Asset Management Ltd. bought a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,300 shares of the company's stock, valued at approximately $1,163,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. OLD National Bancorp IN boosted its holdings in shares of Bright Horizons Family Solutions by 2.7% in the third quarter. OLD National Bancorp IN now owns 3,159 shares of the company's stock valued at $443,000 after acquiring an additional 82 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Bright Horizons Family Solutions by 6.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company's stock worth $252,000 after purchasing an additional 119 shares during the period. MJP Associates Inc. ADV grew its position in Bright Horizons Family Solutions by 7.0% during the 2nd quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company's stock worth $263,000 after purchasing an additional 157 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Bright Horizons Family Solutions by 73.3% in the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock valued at $43,000 after purchasing an additional 165 shares during the period. Finally, Quarry LP raised its holdings in shares of Bright Horizons Family Solutions by 68.3% in the second quarter. Quarry LP now owns 436 shares of the company's stock valued at $48,000 after buying an additional 177 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Robert W. Baird boosted their price target on Bright Horizons Family Solutions from $115.00 to $131.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their target price on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Barclays increased their price target on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, August 30th. Morgan Stanley boosted their price objective on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the company an "underweight" rating in a research note on Wednesday, September 11th. Finally, UBS Group raised their target price on shares of Bright Horizons Family Solutions from $128.00 to $145.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $134.63.

Insider Buying and Selling

In other news, COO Mary Lou Burke sold 14,500 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $130.90, for a total value of $1,898,050.00. Following the sale, the chief operating officer now directly owns 33,425 shares in the company, valued at $4,375,332.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, General Counsel John Guy Casagrande sold 4,235 shares of Bright Horizons Family Solutions stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $129.86, for a total transaction of $549,957.10. Following the completion of the sale, the general counsel now owns 13,677 shares in the company, valued at approximately $1,776,095.22. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Mary Lou Burke sold 14,500 shares of the business's stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $130.90, for a total transaction of $1,898,050.00. Following the completion of the transaction, the chief operating officer now directly owns 33,425 shares of the company's stock, valued at $4,375,332.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,635 shares of company stock worth $3,100,340 in the last three months. Corporate insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM traded down $2.58 on Thursday, reaching $130.01. 534,009 shares of the company were exchanged, compared to its average volume of 351,405. The company has a 50-day moving average of $136.81 and a 200-day moving average of $120.85. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.73. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 91.56 and a beta of 1.48. Bright Horizons Family Solutions Inc. has a 1-year low of $71.65 and a 1-year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.15. Bright Horizons Family Solutions had a net margin of 3.98% and a return on equity of 12.86%. The company had revenue of $670.10 million for the quarter, compared to analyst estimates of $666.17 million. During the same period in the prior year, the business posted $0.54 earnings per share. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts forecast that Bright Horizons Family Solutions Inc. will post 2.98 earnings per share for the current fiscal year.

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.