Bright Horizons Family Solutions Inc. (NYSE:BFAM) Holdings Increased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. increased its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,736 shares of the company’s stock after acquiring an additional 436 shares during the period. Lecap Asset Management Ltd.’s holdings in Bright Horizons Family Solutions were worth $968,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. OLD National Bancorp IN boosted its stake in Bright Horizons Family Solutions by 2.7% during the 3rd quarter. OLD National Bancorp IN now owns 3,159 shares of the company’s stock valued at $443,000 after purchasing an additional 82 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Bright Horizons Family Solutions by 2.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company’s stock valued at $601,000 after buying an additional 113 shares during the period. Avior Wealth Management LLC boosted its stake in Bright Horizons Family Solutions by 2.9% during the third quarter. Avior Wealth Management LLC now owns 4,674 shares of the company’s stock valued at $655,000 after buying an additional 133 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Bright Horizons Family Solutions by 37.2% during the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock worth $75,000 after acquiring an additional 145 shares during the period. Finally, Raleigh Capital Management Inc. acquired a new position in Bright Horizons Family Solutions during the third quarter worth about $29,000.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $121.93 on Friday. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 61.27 and a beta of 1.45. Bright Horizons Family Solutions Inc. has a 1-year low of $94.83 and a 1-year high of $141.90. 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 stock’s fifty day simple moving average is $114.63 and its 200-day simple moving average is $124.45.

Insiders Place Their Bets

In other news, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of the sale, the director now directly owns 25,257 shares of the company’s stock, valued at $2,897,230.47. This represents a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BFAM shares. Jefferies Financial Group reduced their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 target price for the company in a report on Friday, November 22nd. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday. UBS Group cut their price objective on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $137.00 to $125.00 in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.56.

About Bright Horizons Family Solutions

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.