Bright Horizons Family Solutions Inc. (BFAM) Short Interest Update

Bright Horizons Family Solutions Inc. (NYSE:BFAM) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 500,651 shares, a decline of 30.9% from the October 31st total of 724,546 shares. Based on an average daily volume of 338,073 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.9% of the shares of the stock are sold short.

Bright Horizons Family Solutions (BFAM) opened at $88.95 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market cap of $5,223.89, a price-to-earnings ratio of 37.00, a price-to-earnings-growth ratio of 1.77 and a beta of 0.13. Bright Horizons Family Solutions has a 12 month low of $65.00 and a 12 month high of $93.13.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. The firm had revenue of $433.30 million during the quarter, compared to analysts’ expectations of $429.36 million. Bright Horizons Family Solutions had a return on equity of 19.72% and a net margin of 7.22%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 earnings per share. equities research analysts anticipate that Bright Horizons Family Solutions will post 2.49 earnings per share for the current fiscal year.

BFAM has been the topic of a number of recent research reports. Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Tuesday, November 7th. Credit Suisse Group upped their price target on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Barclays upped their price target on shares of Bright Horizons Family Solutions from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, October 2nd. BMO Capital Markets reissued a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, October 25th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $90.67.

In other news, Director Mary Ann Tocio sold 6,666 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $80.09, for a total transaction of $533,879.94. Following the transaction, the director now owns 67,284 shares in the company, valued at $5,388,775.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David H. Lissy sold 79,112 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $87.26, for a total value of $6,903,313.12. The disclosure for this sale can be found here. In the last three months, insiders sold 3,650,889 shares of company stock worth $318,185,942. Insiders own 2.90% of the company’s stock.

Large investors have recently bought and sold shares of the business. Westfield Capital Management Co. LP increased its holdings in shares of Bright Horizons Family Solutions by 3.1% in the 2nd quarter. Westfield Capital Management Co. LP now owns 548,446 shares of the company’s stock worth $42,346,000 after buying an additional 16,659 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Bright Horizons Family Solutions by 79.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 37,108 shares of the company’s stock valued at $2,865,000 after purchasing an additional 16,400 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 11.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock worth $300,237,000 after purchasing an additional 410,335 shares during the period. California State Teachers Retirement System lifted its position 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 worth $6,957,000 after purchasing an additional 3,583 shares during the period. Finally, Swiss National Bank lifted its position in shares of Bright Horizons Family Solutions by 7.8% in the 2nd quarter. Swiss National Bank now owns 79,179 shares of the company’s stock worth $6,113,000 after purchasing an additional 5,700 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

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About Bright Horizons Family Solutions

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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