Linda A. Mason Sells 22,045 Shares of Bright Horizons Family Solutions Inc (BFAM) Stock

Bright Horizons Family Solutions Inc (NYSE:BFAM) Director Linda A. Mason sold 22,045 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $123.80, for a total transaction of $2,729,171.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NYSE BFAM opened at $121.17 on Thursday. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 47.52, a P/E/G ratio of 3.47 and a beta of 0.23. Bright Horizons Family Solutions Inc has a fifty-two week low of $89.22 and a fifty-two week high of $123.93. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 1.33.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, November 1st. The company reported $0.73 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.73. The firm had revenue of $472.00 million for the quarter, compared to analysts’ expectations of $471.85 million. Bright Horizons Family Solutions had a net margin of 8.73% and a return on equity of 22.55%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 earnings per share. As a group, sell-side analysts predict that Bright Horizons Family Solutions Inc will post 2.97 earnings per share for the current year.

A number of brokerages recently issued reports on BFAM. Robert W. Baird lifted their price objective on shares of Bright Horizons Family Solutions from $115.00 to $122.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. Zacks Investment Research raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Bank of America began coverage on shares of Bright Horizons Family Solutions in a research note on Tuesday, October 23rd. They issued a “neutral” rating and a $118.00 price objective on the stock. Barclays lifted their price objective on shares of Bright Horizons Family Solutions from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, November 2nd. Finally, BMO Capital Markets decreased their price objective on shares of Bright Horizons Family Solutions from $123.00 to $120.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 6th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $113.36.

Several hedge funds and other institutional investors have recently bought and sold shares of BFAM. Harvest Fund Management Co. Ltd bought a new stake in shares of Bright Horizons Family Solutions during the third quarter worth $147,000. First Hawaiian Bank bought a new stake in shares of Bright Horizons Family Solutions during the third quarter worth $158,000. Advisors Asset Management Inc. grew its stake in shares of Bright Horizons Family Solutions by 1,829.1% during the second quarter. Advisors Asset Management Inc. now owns 9,414 shares of the company’s stock worth $171,000 after buying an additional 8,926 shares during the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of Bright Horizons Family Solutions by 104.4% during the second quarter. Moneta Group Investment Advisors LLC now owns 1,860 shares of the company’s stock worth $191,000 after buying an additional 950 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of Bright Horizons Family Solutions during the third quarter worth $200,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.

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Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services.

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Insider Buying and Selling by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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