Quantbot Technologies LP Has $1.82 Million Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Quantbot Technologies LP lifted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 645.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,400 shares of the company's stock after purchasing an additional 14,201 shares during the quarter. Quantbot Technologies LP's holdings in Bright Horizons Family Solutions were worth $1,818,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd grew its stake in Bright Horizons Family Solutions by 62.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company's stock worth $787,000 after buying an additional 2,739 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Bright Horizons Family Solutions by 63.0% during the 3rd quarter. Cerity Partners LLC now owns 29,078 shares of the company's stock worth $4,075,000 after acquiring an additional 11,236 shares in the last quarter. New York Life Investment Management LLC bought a new position in Bright Horizons Family Solutions in the fourth quarter valued at approximately $679,000. New York State Common Retirement Fund raised its position in Bright Horizons Family Solutions by 45.4% during the fourth 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 stake in Bright Horizons Family Solutions during the fourth quarter worth $5,212,000.

Analyst Ratings Changes

BFAM has been the topic of several recent analyst reports. Morgan Stanley lowered their price target on 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 Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. Jefferies Financial Group reduced their price target on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. The Goldman Sachs Group lowered their price objective on shares of 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. Finally, BMO Capital Markets raised their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $137.67.

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Bright Horizons Family Solutions Trading Up 3.0 %

Shares of BFAM stock traded up $3.73 during trading hours on Thursday, hitting $128.91. 506,591 shares of the company's stock traded hands, compared to its average volume of 409,365. The stock has a market cap of $7.39 billion, a PE ratio of 53.71 and a beta of 1.50. The stock's 50 day simple moving average is $124.06 and its 200 day simple moving average is $123.06. 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 Inc. has a 12 month low of $100.59 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, sell-side analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Insider Buying and Selling

In related news, Director Mary Ann Tocio sold 2,500 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the transaction, the director now owns 22,757 shares in the company, valued at $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $124.69, for a total value of $124,690.00. Following the sale, the chief operating officer now owns 33,449 shares of the company's stock, valued at approximately $4,170,755.81. The trade was a 2.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is owned by insiders.

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.