Erste Asset Management GmbH Invests $961,000 in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Erste Asset Management GmbH 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 SEC. The fund acquired 6,933 shares of the company’s stock, valued at approximately $961,000.

Several other hedge funds also recently bought and sold shares of BFAM. True Wealth Design LLC bought a new position in Bright Horizons Family Solutions in the 3rd quarter worth about $49,000. PDT Partners LLC purchased a new position in Bright Horizons Family Solutions during the 3rd quarter worth $2,124,000. Verition Fund Management LLC bought a new stake in Bright Horizons Family Solutions during the 3rd quarter valued at $797,000. Captrust Financial Advisors lifted its holdings in shares of Bright Horizons Family Solutions by 36.6% in the 3rd quarter. Captrust Financial Advisors now owns 6,921 shares of the company’s stock worth $970,000 after buying an additional 1,856 shares during the period. Finally, Walleye Capital LLC bought a new position in shares of Bright Horizons Family Solutions during the 3rd quarter worth $469,000.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BFAM shares. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. increased their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group boosted their price objective on shares of 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. UBS Group increased 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. Finally, BMO Capital Markets raised Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $137.00 to $125.00 in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $141.50.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $140.65, for a total transaction of $112,520.00. Following the sale, the chief operating officer now owns 31,825 shares in the company, valued at approximately $4,476,186.25. The trade was a 2.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.22% of the stock is owned by insiders.

Bright Horizons Family Solutions Trading Up 0.2 %

Bright Horizons Family Solutions stock opened at $115.61 on Wednesday. Bright Horizons Family Solutions Inc. has a one year low of $87.82 and a one year high of $141.90. The stock has a market cap of $6.73 billion, a PE ratio of 58.10 and a beta of 1.43. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a 50-day moving average of $125.25 and a two-hundred day moving average of $122.69.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $713.16 million. During the same period last year, the business earned $0.78 EPS. Bright Horizons Family Solutions’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, research analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 EPS 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.