Point72 Hong Kong Ltd Acquires Shares of 9,905 Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Point72 Hong Kong Ltd bought a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,905 shares of the company's stock, valued at approximately $1,388,000.

A number of other large investors have also recently made changes to their positions in BFAM. Virtu Financial LLC purchased a new stake in Bright Horizons Family Solutions in the first quarter worth about $278,000. OLD National Bancorp IN acquired a new position in shares of Bright Horizons Family Solutions during the second quarter valued at about $339,000. Thrive Wealth Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the second quarter valued at about $207,000. MJP Associates Inc. ADV increased its holdings in shares of Bright Horizons Family Solutions by 7.0% during the second quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company's stock valued at $263,000 after acquiring an additional 157 shares in the last quarter. Finally, LVW Advisors LLC increased its holdings in shares of Bright Horizons Family Solutions by 8.8% during the second quarter. LVW Advisors LLC now owns 5,483 shares of the company's stock valued at $604,000 after acquiring an additional 443 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BFAM. UBS Group upped their price objective on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Barclays increased their price target 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. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price target on the stock in a report on Friday, November 22nd. JPMorgan Chase & Co. increased their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets raised shares of Bright Horizons Family Solutions from a "market perform" rating to an "outperform" rating and dropped their price objective for the stock from $137.00 to $125.00 in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $141.50.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.65, for a total value of $112,520.00. Following the completion of the transaction, the chief operating officer now owns 31,825 shares in the company, valued at approximately $4,476,186.25. This trade represents a 2.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.22% of the stock is currently owned by corporate insiders.

Bright Horizons Family Solutions Trading Down 0.6 %

Shares of BFAM traded down $0.73 during midday trading on Monday, reaching $114.90. The company had a trading volume of 165,860 shares, compared to its average volume of 391,999. Bright Horizons Family Solutions Inc. has a 1-year low of $87.82 and a 1-year high of $141.90. The stock has a market cap of $6.68 billion, a PE ratio of 58.11 and a beta of 1.49. The firm has a 50 day simple moving average of $126.22 and a 200-day simple moving average of $122.62. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.05. The firm had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The company's quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the company earned $0.78 EPS. Research analysts forecast that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Bright Horizons Family Solutions 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.