Advantage Alpha Capital Partners LP Has $6.87 Million Stock Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Advantage Alpha Capital Partners LP trimmed its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 37.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,017 shares of the company’s stock after selling 28,730 shares during the quarter. Bright Horizons Family Solutions comprises 1.6% of Advantage Alpha Capital Partners LP’s portfolio, making the stock its 13th biggest holding. Advantage Alpha Capital Partners LP owned about 0.08% of Bright Horizons Family Solutions worth $6,869,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BFAM. Massachusetts Financial Services Co. MA raised its stake in shares of 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 acquiring an additional 423,456 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Bright Horizons Family Solutions by 1.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,068,969 shares of the company’s stock valued at $337,832,000 after purchasing an additional 44,893 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Bright Horizons Family Solutions by 7.0% in the 2nd 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 last quarter. Westfield Capital Management Co. LP lifted its holdings in Bright Horizons Family Solutions by 3.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 707,383 shares of the company’s stock worth $99,126,000 after buying an additional 21,935 shares in the last quarter. Finally, Geneva Capital Management LLC boosted its position in Bright Horizons Family Solutions by 0.5% in the 3rd quarter. Geneva Capital Management LLC now owns 575,400 shares of the company’s stock valued at $80,631,000 after buying an additional 2,649 shares during the last quarter.

Insider Transactions at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Price Performance

BFAM stock opened at $114.61 on Tuesday. The company has a market capitalization of $6.67 billion, a P/E ratio of 57.59 and a beta of 1.49. Bright Horizons Family Solutions Inc. has a 52-week low of $86.79 and a 52-week high of $141.90. The company has a fifty day moving average price of $128.51 and a 200-day moving average price of $122.57. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data 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 analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. Bright Horizons Family Solutions’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 earnings per share. As a group, equities analysts expect that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Wall Street Analysts Forecast Growth

BFAM has been the subject of a number of research reports. Barclays lifted their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday. JPMorgan Chase & Co. increased their target price on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $137.00 to $125.00 in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Bright Horizons Family Solutions from $114.00 to $140.00 and gave the company a “hold” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $141.50.

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.