Bright Horizons Family Solutions Inc. (NYSE:BFAM) Sees Significant Drop in Short Interest

Bright Horizons Family Solutions Inc. (NYSE:BFAMGet Free Report) saw a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 1,040,000 shares, a drop of 11.9% from the May 15th total of 1,180,000 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily volume of 308,100 shares, the days-to-cover ratio is currently 3.4 days.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on Bright Horizons Family Solutions from $107.00 to $119.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. BMO Capital Markets upped their target price on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. The Goldman Sachs Group lifted their price target on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, Barclays upgraded Bright Horizons Family Solutions from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $100.00 to $125.00 in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Bright Horizons Family Solutions has a consensus rating of “Hold” and an average target price of $107.43.

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Insider Buying and Selling at Bright Horizons Family Solutions

In related news, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on Monday, June 10th. The shares were sold at an average price of $106.42, for a total value of $85,136.00. Following the transaction, the chief operating officer now directly owns 37,725 shares in the company, valued at approximately $4,014,694.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO Mary Lou Burke sold 800 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $106.42, for a total transaction of $85,136.00. Following the completion of the transaction, the chief operating officer now directly owns 37,725 shares of the company’s stock, valued at $4,014,694.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Ann Tocio sold 4,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $108.95, for a total value of $435,800.00. Following the completion of the sale, the director now directly owns 31,855 shares in the company, valued at approximately $3,470,602.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,647 shares of company stock worth $2,978,550. 1.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several hedge funds have recently modified their holdings of the company. Treasurer of the State of North Carolina boosted its holdings in shares of Bright Horizons Family Solutions by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 25,220 shares of the company’s stock worth $2,054,000 after purchasing an additional 130 shares during the last quarter. SYSTM Wealth Solutions LLC grew its holdings in Bright Horizons Family Solutions by 7.7% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 2,307 shares of the company’s stock valued at $262,000 after buying an additional 164 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Bright Horizons Family Solutions by 2.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 9,545 shares of the company’s stock valued at $1,082,000 after buying an additional 215 shares during the period. Riverview Trust Co acquired a new position in shares of Bright Horizons Family Solutions during the 1st quarter valued at about $25,000. Finally, Natixis Advisors L.P. lifted its holdings in shares of Bright Horizons Family Solutions by 0.9% during the 3rd quarter. Natixis Advisors L.P. now owns 23,264 shares of the company’s stock worth $1,895,000 after acquiring an additional 218 shares during the period.

Bright Horizons Family Solutions Price Performance

Shares of Bright Horizons Family Solutions stock traded down $1.52 during trading on Tuesday, hitting $102.22. 331,345 shares of the company were exchanged, compared to its average volume of 342,969. Bright Horizons Family Solutions has a fifty-two week low of $71.65 and a fifty-two week high of $119.21. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average price of $107.97 and a 200 day moving average price of $104.79. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 71.99, a P/E/G ratio of 3.90 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAMGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. The company had revenue of $622.71 million during the quarter, compared to analysts’ expectations of $614.60 million. Bright Horizons Family Solutions had a return on equity of 12.00% and a net margin of 3.34%. On average, equities analysts expect that Bright Horizons Family Solutions will post 2.76 earnings per share for the current fiscal year.

Bright Horizons Family Solutions Company Profile

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Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.

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