Hussman Strategic Advisors Inc. Buys Shares of 21,000 Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Hussman Strategic Advisors Inc. bought a new stake in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 21,000 shares of the company’s stock, valued at approximately $2,328,000.

A number of other large investors also recently added to or reduced their stakes in BFAM. Versant Capital Management Inc acquired a new stake in shares of Bright Horizons Family Solutions in the 4th quarter valued at approximately $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at approximately $29,000. True Wealth Design LLC acquired a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at approximately $49,000. Capital Performance Advisors LLP acquired a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at approximately $75,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Bright Horizons Family Solutions by 37.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock valued at $75,000 after acquiring an additional 145 shares during the period.

Insider Transactions at Bright Horizons Family Solutions

In related news, Director Mary Ann Tocio sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $114.71, for a total value of $573,550.00. Following the completion of the transaction, the director now directly owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. This trade represents a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Price Performance

Shares of BFAM opened at $130.24 on Thursday. The stock has a market capitalization of $7.58 billion, a P/E ratio of 54.27 and a beta of 1.45. Bright Horizons Family Solutions Inc. has a twelve month low of $100.59 and a twelve month high of $141.90. The company has a 50 day moving average of $116.20 and a 200-day moving average of $124.68. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.66.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results 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 return on equity of 13.63% and a net margin of 5.22%. As a group, equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BFAM. UBS Group cut their price target on shares of 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 cut their price target on shares of 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. The Goldman Sachs Group dropped 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 report on Friday, December 27th. Morgan Stanley dropped their target price on shares of Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating on the stock in a report on Tuesday, February 11th. Finally, StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.