Is it a Great Choice to Invest in Bright Horizons Family Solutions (BFAM)?

Artisan Partners, a high value-added investment management firm, published its ‘Artisan Mid Cap Fund’ fourth quarter 2021 investor letter – a copy of which can be downloaded here. A return of -0.72% was recorded by its Investor Class: ARTMX, -0.68% by its Advisor Class: APDMX, and -0.66% by its Institutional Class: APHMX, in the fourth quarter of 2021, all underperforming the Russell Midcap® Growth Index that delivered a 2.85% return, and the Russell Midcap® Index that was up by 6.44% for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Artisan Mid Cap Fund, in its Q4 2021 investor letter, mentioned Bright Horizons Family Solutions Inc. (NYSE: BFAM) and discussed its stance on the firm. Bright Horizons Family Solutions Inc. is a Newton, Massachusetts-based corporate-sponsored child-care and early education company with a $7.8 billion market capitalization. BFAM delivered a 3.19% return since the beginning of the year, while its 12-month returns are down by -21.81%. The stock closed at $129.89 per share on February 22, 2022.

Here is what Artisan Mid Cap Fund has to say about Bright Horizons Family Solutions Inc. in its Q4 2021 investor letter:

“Bright Horizons is a leading provider of corporate-sponsored childcare and early education centers in the US. The company primarily provides services through multi-year contracts with employers who offer childcare, early education and other dependent care benefits to employees. When we initiated our GardenSM position in mid-2020, we were attracted to the company’s reliable customer base, ability to prudently manage through the pandemic and the increased national conversation about the critical importance of quality childcare for working families. Unfortunately, the delta and omicron variants have delayed the company’s full recovery from the pandemic, and uncertainty remains around whether the company’s network of centers is well matched to the working patterns of parents postCOVID (for example, work from home could hinder growth in corporate-sponsored childcare centers).”

Syda Productions/Shutterstock.com

Our calculations show that Bright Horizons Family Solutions Inc. (NYSE: BFAM) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. BFAM was in 25 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 21 funds in the previous quarter. Bright Horizons Family Solutions Inc. (NYSE: BFAM) delivered a 4.83% return in the past 3 months.

In August 2021, we also shared another hedge fund’s views on BFAM in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.