Tidal Investments LLC Takes $695,000 Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Tidal Investments LLC bought a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,961 shares of the company's stock, valued at approximately $695,000.

Other large investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its stake in Bright Horizons Family Solutions by 15.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company's stock worth $445,761,000 after purchasing an additional 423,456 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Bright Horizons Family Solutions by 1.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company's stock worth $337,832,000 after acquiring an additional 44,893 shares during the last quarter. State Street Corp boosted its holdings in Bright Horizons Family Solutions by 0.4% during the 3rd quarter. State Street Corp now owns 999,263 shares of the company's stock valued at $140,027,000 after acquiring an additional 3,970 shares during the period. Geode Capital Management LLC grew its position in Bright Horizons Family Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 924,832 shares of the company's stock valued at $129,633,000 after acquiring an additional 7,597 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Bright Horizons Family Solutions by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company's stock worth $86,395,000 after purchasing an additional 51,024 shares during the period.

Analyst Ratings Changes

BFAM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped 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. UBS Group upped their target price on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Morgan Stanley decreased their price target on shares of Bright Horizons Family Solutions from $108.00 to $102.00 and set an "underweight" rating for the company in a research note on Thursday, December 12th. Baird R W raised Bright Horizons Family Solutions from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. Finally, Robert W. Baird raised Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 target price for the company in a research report on Friday, November 22nd. 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 company. Based on data from MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of "Moderate Buy" and an average target price of $140.75.

Bright Horizons Family Solutions Stock Up 2.0 %

Shares of BFAM traded up $2.11 during trading hours on Friday, hitting $108.26. The company had a trading volume of 961,158 shares, compared to its average volume of 411,990. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $6.30 billion, a PE ratio of 54.40 and a beta of 1.43. Bright Horizons Family Solutions Inc. has a one year low of $91.61 and a one year high of $141.90. The company's fifty day moving average price is $118.50 and its two-hundred day moving average price is $122.93.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.05. The company had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. As a group, equities analysts forecast that Bright Horizons Family Solutions Inc. will post 3.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the firm's stock in a transaction on Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the transaction, the chief operating officer now owns 31,025 shares of the company's stock, valued at approximately $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total value of $573,550.00. Following the sale, the director now directly owns 25,257 shares of the company's stock, valued at $2,897,230.47. This trade represents a 16.53 % decrease in their position. 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.