Bright Horizons Family Solutions Inc. (NYSE:BFAM) Short Interest Down 44.7% in June
Bright Horizons Family Solutions Inc. (NYSE:BFAM) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 428,194 shares, a decrease of 44.7% from the June 15th total of 774,063 shares. Based on an average trading volume of 868,228 shares, the short-interest ratio is presently 0.5 days. Approximately 0.9% of the shares of the company are short sold.
Bright Horizons Family Solutions (BFAM) opened at 79.70 on Thursday. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 43.60 and a beta of 0.12. The company has a 50-day moving average of $77.24 and a 200 day moving average of $73.39. Bright Horizons Family Solutions has a 52-week low of $59.00 and a 52-week high of $81.23.
Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. The firm had revenue of $422 million during the quarter, compared to the consensus estimate of $422.32 million. Bright Horizons Family Solutions had a net margin of 6.93% and a return on equity of 18.51%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 EPS. On average, equities research analysts anticipate that Bright Horizons Family Solutions will post $2.61 EPS for the current year.
In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 6,666 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $76.11, for a total transaction of $507,349.26. Following the completion of the sale, the director now directly owns 67,284 shares in the company, valued at $5,120,985.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen I. Dreier sold 2,834 shares of the company’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $75.00, for a total transaction of $212,550.00. Following the sale, the executive vice president now owns 77,834 shares of the company’s stock, valued at $5,837,550. The disclosure for this sale can be found here. Insiders have sold 4,229,693 shares of company stock valued at $334,985,492 over the last 90 days. Corporate insiders own 2.90% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Legato Capital Management LLC acquired a new stake in Bright Horizons Family Solutions during the second quarter worth about $316,000. Aperio Group LLC increased its stake in Bright Horizons Family Solutions by 33.0% in the second quarter. Aperio Group LLC now owns 6,094 shares of the company’s stock worth $471,000 after buying an additional 1,512 shares in the last quarter. AMI Asset Management Corp increased its stake in Bright Horizons Family Solutions by 3.0% in the second quarter. AMI Asset Management Corp now owns 163,294 shares of the company’s stock worth $12,608,000 after buying an additional 4,680 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Bright Horizons Family Solutions by 7.9% in the second quarter. Eqis Capital Management Inc. now owns 5,644 shares of the company’s stock worth $436,000 after buying an additional 415 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning increased its stake in Bright Horizons Family Solutions by 18.7% in the second quarter. Handelsinvest Investeringsforvaltning now owns 180,596 shares of the company’s stock worth $13,944,000 after buying an additional 28,396 shares in the last quarter. 99.33% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have issued reports on BFAM. Credit Suisse Group restated an “outperform” rating and set a $80.00 price target on shares of Bright Horizons Family Solutions in a report on Monday, April 17th. BMO Capital Markets reiterated a “hold” rating and issued a $83.00 target price on shares of Bright Horizons Family Solutions in a research note on Monday, May 15th. Citigroup Inc. began coverage on shares of Bright Horizons Family Solutions in a research note on Tuesday. They issued a “buy” rating and a $90.00 target price for the company. BidaskClub cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $81.00.
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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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