Lecap Asset Management Ltd. Acquires 436 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Lecap Asset Management Ltd. grew its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,736 shares of the company’s stock after purchasing an additional 436 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Bright Horizons Family Solutions were worth $968,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BFAM. Raleigh Capital Management Inc. acquired a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at $29,000. Versant Capital Management Inc bought a new position in Bright Horizons Family Solutions during the fourth quarter valued at about $25,000. V Square Quantitative Management LLC acquired a new stake in shares of Bright Horizons Family Solutions in the third quarter worth about $35,000. True Wealth Design LLC bought a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth about $49,000. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Bright Horizons Family Solutions by 37.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock valued at $75,000 after acquiring an additional 145 shares during the last quarter.

Wall Street Analyst Weigh In

BFAM has been the subject of several analyst reports. BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $137.00 to $125.00 in a report on Monday, November 18th. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday. The Goldman Sachs Group lowered their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, December 27th. JPMorgan Chase & Co. boosted their target price on shares of 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. Finally, Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target for the company in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $135.56.

Insiders Place Their Bets

In other news, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction 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 transaction, the director now owns 25,257 shares in the company, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Stock Up 0.1 %

NYSE BFAM opened at $121.93 on Friday. Bright Horizons Family Solutions Inc. has a twelve month low of $94.83 and a twelve month high of $141.90. 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 market cap of $7.09 billion, a PE ratio of 61.27 and a beta of 1.45. The firm has a 50-day simple moving average of $114.63 and a 200 day simple moving average of $124.45.

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.