Tidal Investments LLC Makes New $695,000 Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Tidal Investments LLC acquired a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,961 shares of the company’s stock, valued at approximately $695,000.

Several other large investors have also recently made changes to their positions in BFAM. Raleigh Capital Management Inc. bought a new position in Bright Horizons Family Solutions during the third quarter valued at approximately $29,000. V Square Quantitative Management LLC purchased a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth approximately $35,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of 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 acquiring an additional 306 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Bright Horizons Family Solutions by 73.3% in the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after purchasing an additional 165 shares in the last quarter. Finally, Quarry LP increased its position in Bright Horizons Family Solutions by 68.3% in the second quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after purchasing an additional 177 shares during the last quarter.

Insider Activity

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the sale, the director now owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. This trade represents a 16.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $109,552.00. Following the completion of the transaction, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on BFAM. JPMorgan Chase & Co. lifted 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. BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $137.00 to $125.00 in a research note on Monday, November 18th. Barclays raised their price objective on Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Robert W. Baird raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective for the company in a research note on Friday, November 22nd. Finally, UBS Group increased their target price on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.75.

Bright Horizons Family Solutions Price Performance

BFAM opened at $108.26 on Friday. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 54.40 and a beta of 1.43. 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 $91.61 and a 12-month high of $141.90. The business’s fifty day simple moving average is $118.50 and its 200-day simple moving average is $122.93.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Monday, November 4th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.05. The company had revenue of $719.00 million for the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 EPS. On average, equities research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.01 earnings per share for the current fiscal year.

Bright Horizons Family Solutions Company 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.