Point72 Hong Kong Ltd Makes New $1.39 Million Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Point72 Hong Kong Ltd acquired a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 9,905 shares of the company’s stock, valued at approximately $1,388,000.

Other large investors have also added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of Bright Horizons Family Solutions during the 1st quarter worth approximately $278,000. OLD National Bancorp IN acquired a new stake in Bright Horizons Family Solutions in the second quarter worth $339,000. Thrive Wealth Management LLC bought a new stake in Bright Horizons Family Solutions in the second quarter valued at $207,000. MJP Associates Inc. ADV raised its holdings in shares of Bright Horizons Family Solutions by 7.0% during the second quarter. MJP Associates Inc. ADV now owns 2,390 shares of the company’s stock valued at $263,000 after purchasing an additional 157 shares during the period. Finally, LVW Advisors LLC boosted its position in shares of Bright Horizons Family Solutions by 8.8% during the 2nd quarter. LVW Advisors LLC now owns 5,483 shares of the company’s stock worth $604,000 after purchasing an additional 443 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts recently commented on BFAM shares. UBS Group boosted their target price on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Baird R W raised Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 22nd. The Goldman Sachs Group lifted their price target on shares of Bright Horizons Family Solutions from $142.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Barclays boosted their price target on shares of 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Bright Horizons Family Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $141.50.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM opened at $115.63 on Monday. 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 stock has a market cap of $6.73 billion, a PE ratio of 58.11 and a beta of 1.49. The stock’s fifty day simple moving average is $126.22 and its two-hundred day simple moving average is $122.62. Bright Horizons Family Solutions Inc. has a 1-year low of $86.79 and a 1-year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The company had revenue of $719.00 million for the quarter, compared to analyst estimates of $713.16 million. During the same period last year, the firm earned $0.78 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis. As a group, analysts forecast that Bright Horizons Family Solutions Inc. will post 3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Mary Lou Burke sold 800 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $140.65, for a total transaction of $112,520.00. Following the completion of the sale, the chief operating officer now directly owns 31,825 shares of the company’s stock, valued at $4,476,186.25. This trade represents a 2.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.22% of the company’s stock.

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.