Ieq Capital LLC Buys 22,183 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Ieq Capital LLC grew its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 513.4% during the 4th quarter, HoldingsChannel reports. The fund owned 26,504 shares of the company’s stock after purchasing an additional 22,183 shares during the quarter. Ieq Capital LLC’s holdings in Bright Horizons Family Solutions were worth $2,938,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BFAM. Cerity Partners LLC raised its position in shares of Bright Horizons Family Solutions by 63.0% in the 3rd quarter. Cerity Partners LLC now owns 29,078 shares of the company’s stock worth $4,075,000 after purchasing an additional 11,236 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Bright Horizons Family Solutions by 560.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,180 shares of the company’s stock valued at $1,286,000 after purchasing an additional 7,789 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings 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 buying an additional 423,456 shares during the last quarter. Graphene Investments SAS raised its holdings in Bright Horizons Family Solutions by 25.7% in the fourth quarter. Graphene Investments SAS now owns 27,900 shares of the company’s stock worth $3,093,000 after buying an additional 5,700 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Bright Horizons Family Solutions by 19.7% in the third quarter. Brown Brothers Harriman & Co. now owns 218,859 shares of the company’s stock worth $30,669,000 after buying an additional 35,971 shares in the last quarter.

Bright Horizons Family Solutions Stock Down 2.4 %

Bright Horizons Family Solutions stock opened at $126.29 on Friday. The stock has a market cap of $7.35 billion, a PE ratio of 52.62 and a beta of 1.45. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a fifty day moving average of $116.91 and a 200 day moving average of $124.64. Bright Horizons Family Solutions Inc. has a one year low of $100.59 and a one year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. As a group, sell-side analysts predict that Bright Horizons Family Solutions Inc. will post 3.49 EPS for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the transaction, the director now directly owns 25,257 shares in the company, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BFAM has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday. Robert W. Baird upgraded Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target for the company in a research note on Friday, November 22nd. Morgan Stanley lowered their price target on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a report on Tuesday, February 11th. UBS Group reduced their price objective on 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. Finally, JPMorgan Chase & Co. boosted their target price on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.67.

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.