Linda A. Mason Sells 7,718 Shares of Bright Horizons Family Solutions Inc (BFAM) Stock

Bright Horizons Family Solutions Inc (NYSE:BFAM) Director Linda A. Mason sold 7,718 shares of the business’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $94.15, for a total transaction of $726,649.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bright Horizons Family Solutions Inc (NYSE:BFAM) traded up $0.13 during midday trading on Wednesday, reaching $94.16. 281,049 shares of the company’s stock traded hands, compared to its average volume of 260,775. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.49 and a quick ratio of 0.49. Bright Horizons Family Solutions Inc has a 1 year low of $65.00 and a 1 year high of $95.82. The company has a market capitalization of $5,575.63, a price-to-earnings ratio of 46.85, a P/E/G ratio of 1.64 and a beta of 0.13.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The firm had revenue of $433.30 million for the quarter, compared to analyst estimates of $429.36 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. sell-side analysts expect that Bright Horizons Family Solutions Inc will post 2.5 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings in shares of Bright Horizons Family Solutions by 7.2% in the second quarter. Russell Investments Group Ltd. now owns 6,682 shares of the company’s stock valued at $516,000 after purchasing an additional 446 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Bright Horizons Family Solutions in the second quarter valued at $123,000. SG Americas Securities LLC acquired a new position in shares of Bright Horizons Family Solutions in the second quarter valued at $507,000. Legal & General Group Plc increased its holdings in shares of Bright Horizons Family Solutions by 24.0% in the second quarter. Legal & General Group Plc now owns 19,318 shares of the company’s stock valued at $1,492,000 after purchasing an additional 3,743 shares during the last quarter. Finally, Comerica Bank acquired a new position in shares of Bright Horizons Family Solutions in the second quarter valued at $230,000. 98.70% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on BFAM shares. Zacks Investment Research lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Credit Suisse Group boosted their price objective on shares of Bright Horizons Family Solutions from $83.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. BMO Capital Markets boosted their price objective on shares of Bright Horizons Family Solutions from $85.00 to $90.00 and gave the stock a “market perform” rating in a research report on Thursday, November 2nd. Citigroup upped their price target on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Bright Horizons Family Solutions in a research report on Friday, November 3rd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Bright Horizons Family Solutions currently has a consensus rating of “Hold” and a consensus price target of $95.57.

COPYRIGHT VIOLATION WARNING: This story was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2018/01/03/linda-a-mason-sells-7718-shares-of-bright-horizons-family-solutions-inc-bfam-stock.html.

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.

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

Receive News & Ratings for Bright Horizons Family Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply