EntryPoint Capital LLC Makes New $415,000 Investment in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

EntryPoint Capital LLC acquired a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,743 shares of the company’s stock, valued at approximately $415,000.

Several other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Bright Horizons Family Solutions during the fourth quarter worth $79,578,000. William Blair Investment Management LLC boosted its holdings in shares of Bright Horizons Family Solutions by 29.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company’s stock worth $262,752,000 after buying an additional 532,644 shares during the period. American Century Companies Inc. grew its stake in Bright Horizons Family Solutions by 29.5% in the 4th quarter. American Century Companies Inc. now owns 711,745 shares of the company’s stock valued at $78,897,000 after buying an additional 162,278 shares during the last quarter. TimesSquare Capital Management LLC raised its holdings in Bright Horizons Family Solutions by 114.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 209,091 shares of the company’s stock valued at $23,178,000 after acquiring an additional 111,760 shares during the period. Finally, Vanguard Group Inc. lifted its position in Bright Horizons Family Solutions by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company’s stock worth $603,332,000 after acquiring an additional 101,151 shares during the last quarter.

Bright Horizons Family Solutions Stock Down 1.3 %

NYSE BFAM opened at $124.89 on Wednesday. Bright Horizons Family Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $141.90. The business has a fifty day moving average price of $123.88 and a two-hundred day moving average price of $123.05. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market capitalization of $7.16 billion, a PE ratio of 52.04 and a beta of 1.50.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. Equities analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Mary Lou Burke sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total value of $124,690.00. Following the completion of the transaction, the chief operating officer now owns 33,449 shares in the company, valued at $4,170,755.81. This trade represents a 2.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the sale, the director now owns 22,757 shares in the company, valued at approximately $2,838,708.18. This represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on BFAM. UBS Group decreased their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Jefferies Financial Group lowered their price objective on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd. Morgan Stanley lowered their price target on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group cut their price objective on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating for the company in a report on Friday, December 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of “Moderate Buy” and an average price target of $137.67.

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.