Arrowstreet Capital Limited Partnership Has $27.22 Million Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Arrowstreet Capital Limited Partnership raised its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 209.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,544 shares of the company’s stock after acquiring an additional 166,264 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Bright Horizons Family Solutions were worth $27,219,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd increased its position in shares of Bright Horizons Family Solutions by 62.8% in the fourth 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 Bright Horizons Family Solutions during the fourth quarter worth about $679,000. New York State Common Retirement Fund grew its stake in 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 in the last quarter. Jupiter Asset Management Ltd. bought a new position in Bright Horizons Family Solutions in the 4th quarter valued at about $5,212,000. Finally, BNP Paribas Financial Markets raised its position in shares of 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 in the last quarter.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $128.49 on Thursday. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 53.54 and a beta of 1.49. 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 business’s 50-day moving average price is $125.06 and its 200-day moving average price is $122.66. Bright Horizons Family Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its 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 return on equity of 13.63% and a net margin of 5.22%. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BFAM. Jefferies Financial Group reduced their price target on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd. BMO Capital Markets lifted their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. UBS Group dropped their price objective on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, Morgan Stanley reduced their price objective on 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. One equities 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $137.67.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 33,449 shares in the company, valued at $4,170,755.81. This represents a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.74, for a total transaction of $311,850.00. Following the sale, the director now directly owns 22,757 shares of the company’s stock, valued at $2,838,708.18. This represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by insiders.

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.