Assenagon Asset Management S.A. Makes New Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Assenagon Asset Management S.A. bought a new position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 84,067 shares of the company's stock, valued at approximately $11,780,000. Assenagon Asset Management S.A. owned approximately 0.14% of Bright Horizons Family Solutions as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in BFAM. Raleigh Capital Management Inc. bought a new stake in Bright Horizons Family Solutions during the third quarter worth about $29,000. V Square Quantitative Management LLC bought a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter worth approximately $35,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Bright Horizons Family Solutions by 850.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company's stock worth $38,000 after purchasing an additional 306 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company's stock worth $43,000 after buying an additional 165 shares during the last quarter. Finally, Quarry LP increased its position in Bright Horizons Family Solutions by 68.3% during the 2nd quarter. Quarry LP now owns 436 shares of the company's stock valued at $48,000 after buying an additional 177 shares in the last quarter.

Insider Activity at Bright Horizons Family Solutions

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

Bright Horizons Family Solutions Stock Performance

BFAM traded up $1.04 during mid-day trading on Monday, reaching $130.82. 296,104 shares of the company traded hands, compared to its average volume of 351,047. The company's fifty day moving average price is $136.69 and its 200-day moving average price is $121.10. The stock has a market capitalization of $7.59 billion, a P/E ratio of 92.10 and a beta of 1.48. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.73. Bright Horizons Family Solutions Inc. has a 52-week low of $71.65 and a 52-week high of $141.90.

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

Analyst Ratings Changes

Several research firms have commented on BFAM. JPMorgan Chase & Co. boosted their target price on Bright Horizons Family Solutions from $119.00 to $137.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Morgan Stanley increased 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 report on Wednesday, September 11th. Barclays lifted their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, August 30th. The Goldman Sachs Group increased their price target on shares of Bright Horizons Family Solutions from $125.00 to $142.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Finally, UBS Group boosted their price objective on shares of Bright Horizons Family Solutions from $128.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Bright Horizons Family Solutions presently has an average rating of "Hold" and an average target price of $134.63.

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.