Quarry LP Acquires 863 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Quarry LP grew its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 197.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,299 shares of the company’s stock after buying an additional 863 shares during the quarter. Quarry LP’s holdings in Bright Horizons Family Solutions were worth $182,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Raleigh Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $29,000. V Square Quantitative Management LLC bought a new position in Bright Horizons Family Solutions in the third quarter worth approximately $35,000. Whittier Trust Co. of Nevada Inc. grew its stake in Bright Horizons Family Solutions by 850.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after purchasing an additional 306 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Bright Horizons Family Solutions by 73.3% in the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after purchasing an additional 165 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in Bright Horizons Family Solutions in the third quarter worth approximately $49,000.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BFAM. The Goldman Sachs Group increased their price objective on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective on the stock in a research note on Friday, November 22nd. JPMorgan Chase & Co. increased their price objective on 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. UBS Group upped their target price on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley upped their target price on Bright Horizons Family Solutions from $100.00 to $108.00 and gave the stock an “underweight” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $141.50.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM opened at $119.29 on Friday. Bright Horizons Family Solutions Inc. has a 12 month low of $87.82 and a 12 month high of $141.90. The stock has a fifty day moving average price of $124.42 and a 200-day moving average price of $122.64. 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 firm has a market cap of $6.94 billion, a PE ratio of 59.94 and a beta of 1.43.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $719.00 million during the quarter, compared to analyst estimates of $713.16 million. During the same quarter in the prior year, the business posted $0.78 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts predict that Bright Horizons Family Solutions Inc. will post 3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Mary Ann Tocio sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was 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 $2,897,230.47. This trade represents a 16.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the transaction, the chief operating officer now owns 31,025 shares of the company’s stock, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by company insiders.

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.