GAMMA Investing LLC Raises Stock Position in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

GAMMA Investing LLC lifted its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 21,843.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,344 shares of the company’s stock after buying an additional 60,069 shares during the period. GAMMA Investing LLC owned approximately 0.11% of Bright Horizons Family Solutions worth $7,666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atala Financial Inc purchased a new stake in Bright Horizons Family Solutions during the 4th quarter worth approximately $32,000. Tortoise Investment Management LLC grew its position in Bright Horizons Family Solutions by 76.7% during the 4th quarter. Tortoise Investment Management LLC now owns 417 shares of the company’s stock worth $46,000 after purchasing an additional 181 shares during the last quarter. Federated Hermes Inc. grew its position in Bright Horizons Family Solutions by 194.8% during the 4th quarter. Federated Hermes Inc. now owns 914 shares of the company’s stock worth $101,000 after purchasing an additional 604 shares during the last quarter. Versant Capital Management Inc grew its position in Bright Horizons Family Solutions by 502.6% during the 1st quarter. Versant Capital Management Inc now owns 1,368 shares of the company’s stock worth $174,000 after purchasing an additional 1,141 shares during the last quarter. Finally, LRI Investments LLC grew its position in Bright Horizons Family Solutions by 203.9% during the 4th quarter. LRI Investments LLC now owns 1,389 shares of the company’s stock worth $154,000 after purchasing an additional 932 shares during the last quarter.

Bright Horizons Family Solutions Stock Up 0.7%

BFAM stock opened at $126.83 on Monday. The firm’s fifty day simple moving average is $122.11 and its 200-day simple moving average is $120.31. The company has a market capitalization of $7.26 billion, a P/E ratio of 52.84 and a beta of 1.33. 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 12 month low of $100.59 and a 12 month high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Monday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.14. Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. The firm had revenue of $665.53 million during the quarter, compared to analysts’ expectations of $664.34 million. During the same period in the previous year, the business posted $0.51 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BFAM shares. BMO Capital Markets boosted their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Morgan Stanley boosted their target price on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Bright Horizons Family Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.33.

Insider Activity at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director David H. Lissy sold 6,282 shares of the company’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $130.10, for a total transaction of $817,288.20. Following the completion of the transaction, the director now directly owns 69,312 shares in the company, valued at approximately $9,017,491.20. This represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Elizabeth J. Boland sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $132.16, for a total transaction of $462,560.00. Following the transaction, the chief financial officer now owns 80,162 shares of the company’s stock, valued at $10,594,209.92. This represents a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,282 shares of company stock worth $1,851,123 in the last three months. Company 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.