Y Intercept Hong Kong Ltd Has $787,000 Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Y Intercept Hong Kong Ltd lifted its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 62.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,097 shares of the company’s stock after buying an additional 2,739 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Bright Horizons Family Solutions were worth $787,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BFAM. Massachusetts Financial Services Co. MA increased its stake in shares of Bright Horizons Family Solutions by 15.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock worth $445,761,000 after purchasing an additional 423,456 shares during the last quarter. TimesSquare Capital Management LLC increased its stake in shares of Bright Horizons Family Solutions by 114.8% during the 4th quarter. TimesSquare Capital Management LLC now owns 209,091 shares of the company’s stock worth $23,178,000 after purchasing an additional 111,760 shares during the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of Bright Horizons Family Solutions by 24.3% during the 4th quarter. Conestoga Capital Advisors LLC now owns 294,835 shares of the company’s stock worth $32,682,000 after purchasing an additional 57,575 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth $7,388,000. Finally, Loomis Sayles & Co. L P increased its stake in shares of Bright Horizons Family Solutions by 23.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 273,901 shares of the company’s stock worth $38,381,000 after purchasing an additional 51,424 shares during the last quarter.

Insider Activity

In other news, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were 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 approximately $2,897,230.47. This represents a 16.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.22% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. upped 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 report on Tuesday, November 5th. UBS Group decreased their price objective on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Jefferies Financial Group decreased their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group decreased their price objective 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $137.67.

Bright Horizons Family Solutions Price Performance

Shares of Bright Horizons Family Solutions stock opened at $129.63 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. Bright Horizons Family Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $141.90. The firm has a fifty day moving average price of $118.51 and a two-hundred day moving average price of $124.55. The company has a market cap of $7.54 billion, a PE ratio of 54.01 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. Analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current 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.