Bright Horizons Family Solutions (BFAM) Short Interest Update

Bright Horizons Family Solutions (NYSE:BFAM) was the recipient of a significant increase in short interest during the month of March. As of March 29th, there was short interest totalling 802,858 shares, an increase of 53.0% from the March 15th total of 524,793 shares. Based on an average daily volume of 531,259 shares, the short-interest ratio is currently 1.5 days. Approximately 1.4% of the company’s stock are sold short.

A number of research firms recently issued reports on BFAM. Zacks Investment Research raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Tuesday, March 20th. Goldman Sachs began coverage on Bright Horizons Family Solutions in a research report on Tuesday, March 27th. They set a “neutral” rating and a $104.00 price objective for the company. Royal Bank of Canada cut Bright Horizons Family Solutions from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $95.00 to $98.00 in a research report on Tuesday, April 3rd. They noted that the move was a valuation call. ValuEngine raised Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, BMO Capital Markets reissued a “hold” rating and set a $98.00 price objective on shares of Bright Horizons Family Solutions in a research report on Wednesday, January 17th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $101.67.

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In related news, CFO Elizabeth J. Boland sold 6,302 shares of Bright Horizons Family Solutions stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $99.68, for a total transaction of $628,183.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David H. Lissy sold 100,000 shares of Bright Horizons Family Solutions stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $102.35, for a total value of $10,235,000.00. Following the sale, the chairman now directly owns 327,693 shares of the company’s stock, valued at approximately $33,539,378.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 174,621 shares of company stock valued at $17,629,048. Insiders own 2.90% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB acquired a new stake in shares of Bright Horizons Family Solutions in the fourth quarter worth about $455,000. We Are One Seven LLC acquired a new stake in shares of Bright Horizons Family Solutions in the fourth quarter worth about $167,000. LPL Financial LLC lifted its position in shares of Bright Horizons Family Solutions by 22.2% in the fourth quarter. LPL Financial LLC now owns 10,335 shares of the company’s stock worth $971,000 after buying an additional 1,880 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Bright Horizons Family Solutions by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 208,821 shares of the company’s stock worth $19,629,000 after buying an additional 4,833 shares during the last quarter. Finally, Raymond James & Associates lifted its position in shares of Bright Horizons Family Solutions by 4.0% in the fourth quarter. Raymond James & Associates now owns 31,524 shares of the company’s stock worth $2,963,000 after buying an additional 1,201 shares during the last quarter. 99.04% of the stock is owned by institutional investors.

Shares of NYSE:BFAM opened at $98.99 on Wednesday. Bright Horizons Family Solutions has a fifty-two week low of $71.61 and a fifty-two week high of $105.04. The stock has a market capitalization of $5,786.32, a price-to-earnings ratio of 38.82, a P/E/G ratio of 2.25 and a beta of 0.07. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.40.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Bright Horizons Family Solutions had a return on equity of 20.69% and a net margin of 9.02%. The company had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $438.99 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. analysts predict 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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