Anchor Investment Management LLC Buys 529 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Anchor Investment Management LLC raised its stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 423.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 654 shares of the company’s stock after buying an additional 529 shares during the period. Anchor Investment Management LLC’s holdings in Bright Horizons Family Solutions were worth $92,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BFAM. Massachusetts Financial Services Co. MA grew its position in Bright Horizons Family Solutions by 15.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,181,050 shares of the company’s stock valued at $445,761,000 after buying an additional 423,456 shares during the period. Millennium Management LLC purchased a new position in shares of Bright Horizons Family Solutions during the 2nd quarter worth $28,995,000. Point72 Asset Management L.P. grew its position in shares of Bright Horizons Family Solutions by 64.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 570,423 shares of the company’s stock valued at $62,792,000 after acquiring an additional 222,823 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Bright Horizons Family Solutions by 174.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 344,397 shares of the company’s stock worth $48,260,000 after purchasing an additional 218,707 shares in the last quarter. Finally, TimesSquare Capital Management LLC bought a new position in Bright Horizons Family Solutions in the 3rd quarter worth $13,639,000.

Bright Horizons Family Solutions Price Performance

Shares of NYSE:BFAM opened at $109.72 on Friday. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 55.14 and a beta of 1.43. The firm has a fifty day moving average price of $121.29 and a 200 day moving average price of $122.90. Bright Horizons Family Solutions Inc. has a fifty-two week low of $88.58 and a fifty-two week high of $141.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Monday, November 4th. The company reported $1.11 EPS for the quarter, beating the consensus estimate 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 business had revenue of $719.00 million during the quarter, compared to the consensus estimate of $713.16 million. During the same quarter in the prior year, the firm earned $0.78 EPS. The business’s revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts expect that Bright Horizons Family Solutions Inc. will post 3.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other news, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the transaction, the director now directly owns 25,257 shares in the company, valued at approximately $2,897,230.47. This represents a 16.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mary Lou Burke sold 800 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $136.94, for a total transaction of $109,552.00. Following the completion of the sale, the chief operating officer now owns 31,025 shares in the company, valued at $4,248,563.50. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. 1.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BFAM shares. The Goldman Sachs Group upped their price target on Bright Horizons Family Solutions from $142.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Barclays increased their target price on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Baird R W raised shares of Bright Horizons Family Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. BMO Capital Markets upgraded shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $137.00 to $125.00 in a research report on Monday, November 18th. Finally, Robert W. Baird upgraded shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective on the stock in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.75.

About Bright Horizons Family Solutions

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.