Aigen Investment Management LP Acquires New Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Aigen Investment Management LP bought a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the third quarter, Holdings Channel.com reports. The institutional investor bought 2,984 shares of the company’s stock, valued at approximately $418,000.

Several other large investors also recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co raised its holdings in shares of Bright Horizons Family Solutions by 141.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock valued at $1,676,000 after purchasing an additional 8,666 shares in the last quarter. M&G Plc acquired a new position in Bright Horizons Family Solutions during the first quarter worth $27,467,000. Bayesian Capital Management LP acquired a new position in Bright Horizons Family Solutions during the first quarter worth $981,000. Dimensional Fund Advisors LP raised its holdings in Bright Horizons Family Solutions by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock valued at $86,395,000 after buying an additional 51,024 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Bright Horizons Family Solutions by 16.5% in the third quarter. Private Advisor Group LLC now owns 2,491 shares of the company’s stock worth $349,000 after buying an additional 352 shares during the last quarter.

Insider Transactions at Bright Horizons Family Solutions

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

Bright Horizons Family Solutions Stock Performance

NYSE BFAM opened at $106.99 on Friday. The company’s fifty day moving average is $132.79 and its two-hundred day moving average is $122.49. Bright Horizons Family Solutions Inc. has a 52-week low of $85.95 and a 52-week high of $141.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.56. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 53.76 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Monday, November 4th. The company reported $1.11 earnings per share 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 business had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. During the same period last year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BFAM shares. UBS Group increased their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Robert W. Baird increased their price target on Bright Horizons Family Solutions from $131.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. BMO Capital Markets boosted their price objective on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. Morgan Stanley raised their target price on shares of Bright Horizons Family Solutions from $100.00 to $108.00 and gave the company an “underweight” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted their target price on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Bright Horizons Family Solutions has an average rating of “Hold” and an average price target of $141.13.

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.