Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. lifted its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 259.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,977 shares of the company’s stock after buying an additional 4,314 shares during the period. Fox Run Management L.L.C.’s holdings in Bright Horizons Family Solutions were worth $663,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Versant Capital Management Inc purchased a new position in shares of Bright Horizons Family Solutions during the fourth quarter worth about $25,000. Atala Financial Inc acquired a new stake in shares of Bright Horizons Family Solutions in the 4th quarter valued at about $32,000. True Wealth Design LLC purchased a new position in Bright Horizons Family Solutions during the 3rd quarter worth approximately $49,000. Tortoise Investment Management LLC increased its position in Bright Horizons Family Solutions by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock worth $46,000 after buying an additional 181 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in Bright Horizons Family Solutions by 37.2% in the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock valued at $75,000 after buying an additional 145 shares during the last quarter.

Analyst Upgrades and Downgrades

BFAM has been the topic of a number of research reports. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. BMO Capital Markets lifted their price objective on shares of 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. The Goldman Sachs Group reduced their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a report on Friday, December 27th. UBS Group lowered their price target on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a 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 for the company in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $137.67.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 2,500 shares of the business’s stock in a transaction on Monday, March 10th. The stock was 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 in the company, valued at approximately $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total value of $124,690.00. Following the completion of the sale, the chief operating officer now directly owns 33,449 shares in the company, valued at $4,170,755.81. This trade represents a 2.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $126.46 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions Inc. has a 12-month low of $100.59 and a 12-month high of $141.90. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 52.69 and a beta of 1.50. The stock has a 50 day simple moving average of $123.68 and a 200-day simple moving average of $123.14.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share (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%. On average, equities analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

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.