Advantage Alpha Capital Partners LP Boosts Holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Advantage Alpha Capital Partners LP increased its position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 50.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,607 shares of the company’s stock after purchasing an additional 24,590 shares during the quarter. Bright Horizons Family Solutions makes up approximately 1.9% of Advantage Alpha Capital Partners LP’s holdings, making the stock its 3rd biggest holding. Advantage Alpha Capital Partners LP’s holdings in Bright Horizons Family Solutions were worth $8,159,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BFAM. Versant Capital Management Inc bought a new stake in shares of Bright Horizons Family Solutions during the fourth quarter worth $25,000. Atala Financial Inc bought a new stake in Bright Horizons Family Solutions during the 4th quarter worth about $32,000. Tortoise Investment Management LLC increased its position in Bright Horizons Family Solutions by 76.7% in the 4th quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock valued at $46,000 after acquiring an additional 181 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Bright Horizons Family Solutions in the third quarter worth about $49,000. Finally, Daiwa Securities Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 37.2% during the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock worth $75,000 after purchasing an additional 145 shares in the last quarter.

Insider Buying and Selling

In other news, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $124.69, for a total value of $124,690.00. Following the sale, the chief operating officer now directly owns 33,449 shares in the company, valued at $4,170,755.81. The trade was a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.74, for a total value of $311,850.00. Following the transaction, the director now owns 22,757 shares of the company’s stock, valued at approximately $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BFAM shares. UBS Group reduced their price objective 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. BMO Capital Markets raised 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 dropped 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 research report on Friday, December 27th. Morgan Stanley reduced their price target on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 11th. Finally, StockNews.com raised Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.67.

Bright Horizons Family Solutions Trading Down 1.4 %

NYSE:BFAM opened at $124.58 on Monday. The business’s 50-day simple moving average is $123.44 and its 200-day simple moving average is $123.24. Bright Horizons Family Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two 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 0.61. The stock has a market capitalization of $7.14 billion, a PE ratio of 51.91 and a beta of 1.50.

Bright Horizons Family Solutions (NYSE:BFAM) last announced 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%. Sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Bright Horizons Family Solutions 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.