2,984 Shares in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Acquired by Aigen Investment Management LP

Aigen Investment Management LP bought a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,984 shares of the company’s stock, valued at approximately $418,000.

Other institutional investors also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Bright Horizons Family Solutions by 141.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 14,784 shares of the company’s stock valued at $1,676,000 after acquiring an additional 8,666 shares in the last quarter. M&G Plc bought a new position in Bright Horizons Family Solutions during the 1st quarter valued at $27,467,000. Bayesian Capital Management LP acquired a new position in shares of Bright Horizons Family Solutions during the 1st quarter valued at $981,000. Dimensional Fund Advisors LP raised its stake in shares of Bright Horizons Family Solutions by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 784,896 shares of the company’s stock worth $86,395,000 after buying an additional 51,024 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of Bright Horizons Family Solutions by 16.5% in the third quarter. Private Advisor Group LLC now owns 2,491 shares of the company’s stock valued at $349,000 after buying an additional 352 shares during the period.

Bright Horizons Family Solutions Trading Down 3.7 %

NYSE BFAM opened at $106.99 on Friday. The firm’s 50 day moving average price is $132.79 and its two-hundred day moving average price is $122.49. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.56 and a current ratio of 0.61. Bright Horizons Family Solutions Inc. has a twelve month low of $85.95 and a twelve month high of $141.90. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 53.76 and a beta of 1.49.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.06 by $0.05. The business had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $713.16 million. Bright Horizons Family Solutions had a return on equity of 13.23% and a net margin of 4.44%. Bright Horizons Family Solutions’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share. Equities analysts anticipate that Bright Horizons Family Solutions Inc. will post 3 EPS for the current year.

Insider Activity

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on Monday, October 7th. The shares were 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 of the company’s stock, valued at $4,248,563.50. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BFAM has been the topic of several research reports. Robert W. Baird boosted their price target on shares of Bright Horizons Family Solutions from $131.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. BMO Capital Markets boosted their target price on shares of Bright Horizons Family Solutions from $104.00 to $122.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Barclays lifted their price target on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, UBS Group increased their price objective on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Bright Horizons Family Solutions currently has a consensus rating of “Hold” and a consensus price target of $141.13.

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.