Short Interest in Bright Horizons Family Solutions Inc (BFAM) Drops By 38.6%

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

Bright Horizons Family Solutions (NYSE:BFAM) opened at $96.46 on Friday. Bright Horizons Family Solutions has a 1 year low of $68.11 and a 1 year 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. The stock has a market cap of $5,721.52, a P/E ratio of 37.24, a price-to-earnings-growth ratio of 2.19 and a beta of 0.15.

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

In other news, EVP Stephen I. Dreier sold 1,141 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $94.00, for a total value of $107,254.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Linda A. Mason sold 10,034 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $98.30, for a total transaction of $986,342.20. Following the completion of the sale, the director now owns 10,552 shares of the company’s stock, valued at $1,037,261.60. The disclosure for this sale can be found here. Insiders sold a total of 50,774 shares of company stock worth $4,864,477 over the last 90 days. Company insiders own 2.90% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BFAM. Atlantic Trust Group LLC purchased a new position in shares of Bright Horizons Family Solutions during the 3rd quarter valued at approximately $59,732,000. Carillon Tower Advisers Inc. purchased a new position in shares of Bright Horizons Family Solutions during the 4th quarter valued at approximately $47,584,000. JPMorgan Chase & Co. increased its holdings in shares of Bright Horizons Family Solutions by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,002,318 shares of the company’s stock valued at $85,938,000 after purchasing an additional 310,160 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Bright Horizons Family Solutions by 25.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,251,082 shares of the company’s stock valued at $117,602,000 after purchasing an additional 254,336 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Bright Horizons Family Solutions by 9.1% during the 4th quarter. Alliancebernstein L.P. now owns 2,176,000 shares of the company’s stock valued at $204,544,000 after purchasing an additional 182,060 shares in the last quarter. 99.42% of the stock is owned by institutional investors.

A number of analysts recently commented on BFAM shares. Barclays reiterated a “buy” rating and issued a $105.00 target price on shares of Bright Horizons Family Solutions in a research note on Wednesday, December 27th. Royal Bank of Canada reiterated a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Friday, February 9th. Macquarie started coverage on shares of Bright Horizons Family Solutions in a research note on Thursday, December 21st. They issued a “neutral” rating and a $95.00 target price for the company. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $100.00 target price on shares of Bright Horizons Family Solutions in a research note on Tuesday, January 9th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Bright Horizons Family Solutions has a consensus rating of “Hold” and an average target price of $100.13.

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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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