Entropy Technologies LP Acquires New Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Entropy Technologies LP purchased a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,310 shares of the company’s stock, valued at approximately $604,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raleigh Capital Management Inc. purchased a new position in Bright Horizons Family Solutions during the third quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new position in Bright Horizons Family Solutions during the 3rd quarter valued at $35,000. Whittier Trust Co. of Nevada Inc. raised its stake in Bright Horizons Family Solutions by 850.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after purchasing an additional 306 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Bright Horizons Family Solutions by 73.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after purchasing an additional 165 shares during the last quarter. Finally, Quarry LP raised its stake in Bright Horizons Family Solutions by 68.3% during the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after purchasing an additional 177 shares during the last quarter.

Bright Horizons Family Solutions Stock Down 3.7 %

Shares of NYSE:BFAM opened at $106.99 on Friday. The company has a market capitalization of $6.22 billion, a PE ratio of 53.76 and a beta of 1.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.56. The business has a fifty day moving average price of $132.79 and a two-hundred day moving average price of $122.49. Bright Horizons Family Solutions Inc. has a 1 year low of $85.95 and a 1 year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.05. The company had revenue of $719.00 million during the quarter, compared to the consensus estimate 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 prior year, the company earned $0.78 EPS. Analysts forecast that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current year.

Insider Activity

In other news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the transaction, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. The trade was a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.22% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. upped their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Barclays increased their price target on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Robert W. Baird increased their target price on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, BMO Capital Markets increased their target price on Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $141.13.

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.