Advantage Alpha Capital Partners LP Sells 11,833 Shares of Bright Horizons Family Solutions Inc. $BFAM

Advantage Alpha Capital Partners LP trimmed its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 28.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,848 shares of the company’s stock after selling 11,833 shares during the period. Advantage Alpha Capital Partners LP owned about 0.05% of Bright Horizons Family Solutions worth $3,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in BFAM. LPL Financial LLC increased its holdings in Bright Horizons Family Solutions by 16.8% during the first quarter. LPL Financial LLC now owns 46,787 shares of the company’s stock valued at $5,944,000 after buying an additional 6,719 shares during the period. Royal Bank of Canada lifted its holdings in Bright Horizons Family Solutions by 11.0% during the first quarter. Royal Bank of Canada now owns 187,806 shares of the company’s stock worth $23,859,000 after buying an additional 18,630 shares during the period. Natural Investments LLC boosted its position in Bright Horizons Family Solutions by 18.2% during the 1st quarter. Natural Investments LLC now owns 21,386 shares of the company’s stock valued at $2,716,000 after acquiring an additional 3,290 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Bright Horizons Family Solutions by 8,650.8% in the 1st quarter. MetLife Investment Management LLC now owns 121,811 shares of the company’s stock valued at $15,475,000 after acquiring an additional 120,419 shares during the period. Finally, Northern Trust Corp raised its position in shares of Bright Horizons Family Solutions by 4.1% in the 1st quarter. Northern Trust Corp now owns 327,078 shares of the company’s stock worth $41,552,000 after acquiring an additional 13,008 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BFAM. BMO Capital Markets reaffirmed an “outperform” rating and set a $124.00 price objective on shares of Bright Horizons Family Solutions in a research report on Friday, October 31st. Wall Street Zen raised shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Robert W. Baird set a $136.00 price objective on shares of Bright Horizons Family Solutions in a research report on Friday, October 31st. Morgan Stanley reduced their price objective on shares of Bright Horizons Family Solutions from $104.00 to $96.00 and set an “underweight” rating for the company in a research note on Friday, October 24th. Finally, The Goldman Sachs Group cut their price target on shares of Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of “Hold” and a consensus target price of $128.71.

Bright Horizons Family Solutions Stock Performance

BFAM opened at $102.53 on Friday. The company has a market cap of $5.80 billion, a P/E ratio of 33.62 and a beta of 1.36. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average price is $101.65 and its 200-day moving average price is $113.58. Bright Horizons Family Solutions Inc. has a 52-week low of $91.49 and a 52-week high of $132.99.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, October 30th. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.25. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The company had revenue of $802.81 million during the quarter, compared to analysts’ expectations of $781.16 million. During the same period last year, the business earned $1.11 EPS. Bright Horizons Family Solutions’s revenue for the quarter was up 11.6% on a year-over-year basis. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. As a group, equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Insider Activity at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $108.52, for a total transaction of $108,520.00. Following the sale, the chief operating officer directly owned 26,449 shares of the company’s stock, valued at $2,870,245.48. The trade was a 3.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.21% 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.