Bright Horizons Family Solutions Inc (BFAM) Short Interest Update

Bright Horizons Family Solutions Inc (NYSE:BFAM) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 369,839 shares, a decrease of 38.6% from the January 12th total of 601,866 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 167,983 shares, the short-interest ratio is presently 2.2 days.

In other news, Director Linda A. Mason sold 7,718 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $94.15, for a total value of $726,649.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Linda A. Mason sold 10,034 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $98.30, for a total value of $986,342.20. Following the completion of the transaction, the director now directly owns 10,552 shares in the company, valued at approximately $1,037,261.60. The disclosure for this sale can be found here. Insiders sold 44,310 shares of company stock worth $4,237,617 in the last 90 days. Corporate insiders own 2.90% of the company’s stock.

A number of large investors have recently modified their holdings of BFAM. Advisor Group Inc. grew its position in Bright Horizons Family Solutions by 213.6% during the second quarter. Advisor Group Inc. now owns 1,988 shares of the company’s stock worth $152,000 after buying an additional 1,354 shares in the last quarter. Balyasny Asset Management LLC acquired a new stake in shares of Bright Horizons Family Solutions in the 2nd quarter valued at $372,000. HighTower Advisors LLC boosted its holdings in shares of Bright Horizons Family Solutions by 8.6% in the 2nd quarter. HighTower Advisors LLC now owns 3,736 shares of the company’s stock valued at $289,000 after purchasing an additional 295 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Bright Horizons Family Solutions by 4.1% in the 2nd quarter. California State Teachers Retirement System now owns 90,101 shares of the company’s stock valued at $6,957,000 after purchasing an additional 3,583 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Bright Horizons Family Solutions by 78.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 51,737 shares of the company’s stock valued at $3,995,000 after purchasing an additional 22,702 shares in the last quarter. 98.05% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently commented on the company. Credit Suisse Group upped their target price on Bright Horizons Family Solutions from $90.00 to $98.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. BMO Capital Markets reaffirmed a “hold” rating and issued a $98.00 target price on shares of Bright Horizons Family Solutions in a research report on Wednesday, January 17th. Robert W. Baird reaffirmed a “hold” rating on shares of Bright Horizons Family Solutions in a research report on Friday, November 3rd. Citigroup upped their target price on Bright Horizons Family Solutions to $107.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Finally, Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Tuesday, November 7th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $100.13.

Shares of Bright Horizons Family Solutions (NYSE:BFAM) opened at $97.35 on Friday. The stock has a market capitalization of $5,694.25, a P/E ratio of 37.59, a P/E/G ratio of 2.18 and a beta of 0.15. Bright Horizons Family Solutions has a 12-month low of $68.11 and a 12-month high of $98.84. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.49.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.04. The business had revenue of $440.00 million for the quarter, compared to the consensus estimate of $438.99 million. Bright Horizons Family Solutions had a return on equity of 20.75% and a net margin of 9.02%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 earnings per share. analysts forecast that Bright Horizons Family Solutions will post 2.93 EPS for the current fiscal year.

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Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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