Advantage Alpha Capital Partners LP Sells 28,730 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Advantage Alpha Capital Partners LP lessened its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 37.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,017 shares of the company’s stock after selling 28,730 shares during the period. Bright Horizons Family Solutions accounts for 1.6% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 13th largest position. Advantage Alpha Capital Partners LP’s holdings in Bright Horizons Family Solutions were worth $6,869,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BFAM. Raleigh Capital Management Inc. bought a new stake in Bright Horizons Family Solutions during the third quarter valued at $29,000. V Square Quantitative Management LLC bought a new stake in shares of Bright Horizons Family Solutions in the third quarter worth about $35,000. Whittier Trust Co. of Nevada Inc. increased its position 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 period. Daiwa Securities Group Inc. boosted its position 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 acquiring an additional 165 shares in the last quarter. Finally, Quarry LP grew its position in shares of Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after buying an additional 177 shares during the period.

Insider Buying and Selling

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the sale, the chief operating officer now directly owns 31,025 shares in the company, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on BFAM. Barclays boosted their target price on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Baird R W upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on shares of 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. The Goldman Sachs Group lifted their target price on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, UBS Group upped their price target on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $141.50.

Bright Horizons Family Solutions Trading Up 1.4 %

Shares of Bright Horizons Family Solutions stock opened at $114.61 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a twelve month low of $86.79 and a twelve month high of $141.90. The business has a 50-day moving average price of $128.51 and a 200-day moving average price of $122.57. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 57.59 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. The company had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. During the same period last year, the company earned $0.78 earnings per share. Bright Horizons Family Solutions’s revenue was up 11.3% on a year-over-year basis. Equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

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.