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

EntryPoint Capital LLC bought a new stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the 4th quarter, Holdings Channel.com reports. The firm bought 3,743 shares of the company’s stock, valued at approximately $415,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BFAM. Vanguard Group Inc. increased its position in shares of 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 buying an additional 101,151 shares during the period. William Blair Investment Management LLC boosted its position in Bright Horizons Family Solutions by 29.0% during the fourth quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company’s stock valued at $262,752,000 after acquiring an additional 532,644 shares during the last quarter. State Street Corp grew its holdings in Bright Horizons Family Solutions by 0.4% during the 3rd quarter. State Street Corp now owns 999,263 shares of the company’s stock worth $140,027,000 after acquiring an additional 3,970 shares during the period. Geode Capital Management LLC raised its position in shares of Bright Horizons Family Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 924,832 shares of the company’s stock worth $129,633,000 after acquiring an additional 7,597 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Bright Horizons Family Solutions in the 4th quarter valued at about $79,578,000.

Bright Horizons Family Solutions Price Performance

BFAM stock opened at $124.89 on Wednesday. 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 business has a 50-day simple moving average of $123.88 and a two-hundred day simple moving average of $123.05. The company has a market capitalization of $7.16 billion, a P/E ratio of 52.04 and a beta of 1.50. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) 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%. Research analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Analyst Ratings Changes

BFAM has been the subject of a number of research analyst reports. Jefferies Financial Group lowered their target price on Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Morgan Stanley lowered their price objective on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating for the company in a research note on Tuesday, February 11th. The Goldman Sachs Group cut their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, December 27th. BMO Capital Markets lifted their price target on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Finally, StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, February 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.67.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $124.69, for a total value of $124,690.00. Following the transaction, the chief operating officer now owns 33,449 shares in the company, valued at $4,170,755.81. The trade was a 2.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.74, for a total value of $311,850.00. Following the completion of the transaction, the director now directly owns 22,757 shares of the company’s stock, 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. Company insiders own 1.22% of the company’s stock.

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.