Wolverine Trading LLC Invests $314,000 in Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Wolverine Trading LLC purchased a new position in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,264 shares of the company’s stock, valued at approximately $314,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raleigh Capital Management Inc. purchased a new stake in shares of Bright Horizons Family Solutions in the third quarter valued at about $29,000. V Square Quantitative Management LLC purchased a new position in shares of Bright Horizons Family Solutions in the 3rd quarter worth approximately $35,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Bright Horizons Family Solutions by 850.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock valued at $38,000 after acquiring an additional 306 shares during the last quarter. True Wealth Design LLC bought a new stake in Bright Horizons Family Solutions during the third quarter worth $49,000. Finally, Daiwa Securities Group Inc. boosted its position in Bright Horizons Family Solutions by 73.3% in the second quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock worth $43,000 after purchasing an additional 165 shares during the last quarter.

Insider Activity at Bright Horizons Family Solutions

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

Bright Horizons Family Solutions Trading Down 0.4 %

Bright Horizons Family Solutions stock opened at $109.72 on Friday. The stock has a market cap of $6.38 billion, a P/E ratio of 55.14 and a beta of 1.43. 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 firm’s fifty day moving average price is $121.29 and its 200-day moving average price is $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.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Monday, November 4th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 4.44% and a return on equity of 13.23%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 EPS. Equities research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group boosted their target price on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group increased their target price on shares of 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. Robert W. Baird raised shares of Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price target on the stock in a research report on Friday, November 22nd. JPMorgan Chase & Co. raised their price objective on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Barclays increased their target price on 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.