Arrowstreet Capital Limited Partnership Acquires 166,264 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Arrowstreet Capital Limited Partnership increased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 209.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,544 shares of the company’s stock after buying an additional 166,264 shares during the period. Arrowstreet Capital Limited Partnership owned 0.42% of Bright Horizons Family Solutions worth $27,219,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd boosted its stake in Bright Horizons Family Solutions by 62.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 7,097 shares of the company’s stock worth $787,000 after purchasing an additional 2,739 shares during the period. New York Life Investment Management LLC bought a new stake in shares of Bright Horizons Family Solutions in the fourth quarter valued at about $679,000. New York State Common Retirement Fund boosted its position in shares of 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 worth $12,768,000 after buying an additional 35,959 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Bright Horizons Family Solutions during the fourth quarter worth about $5,212,000. Finally, BNP Paribas Financial Markets raised its position in Bright Horizons Family Solutions by 560.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,180 shares of the company’s stock valued at $1,286,000 after buying an additional 7,789 shares during the last quarter.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 2,500 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $124.74, for a total value of $311,850.00. Following the completion of the sale, the director now directly owns 22,757 shares in the company, valued at $2,838,708.18. The trade was a 9.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $124.69, for a total value of $124,690.00. Following the transaction, the chief operating officer now owns 33,449 shares in the company, valued at $4,170,755.81. The trade was a 2.90 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Stock Performance

Shares of NYSE BFAM opened at $128.49 on Thursday. 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 $7.37 billion, a P/E ratio of 53.54 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $141.90. The stock has a 50 day moving average of $125.06 and a 200-day moving average of $122.66.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates 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%. As a group, equities research analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on BFAM shares. StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. UBS Group reduced their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Morgan Stanley lowered their price target on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 11th. BMO Capital Markets raised their price objective on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group decreased their price target on Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, December 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Bright Horizons Family Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $137.67.

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.