Short Interest in Bright Horizons Family Solutions Inc (NYSE:BFAM) Drops By 20.3%

Bright Horizons Family Solutions Inc (NYSE:BFAM) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 458,900 shares, a drop of 20.3% from the July 31st total of 576,000 shares. Based on an average daily trading volume, of 245,100 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.8% of the shares of the company are short sold.

In related news, CEO Stephen Howard Kramer sold 4,500 shares of Bright Horizons Family Solutions stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $139.96, for a total value of $629,820.00. Following the completion of the sale, the chief executive officer now directly owns 90,425 shares in the company, valued at approximately $12,655,883. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mary Ann Tocio sold 20,000 shares of Bright Horizons Family Solutions stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $154.06, for a total value of $3,081,200.00. Following the completion of the sale, the director now owns 82,282 shares of the company’s stock, valued at $12,676,364.92. The disclosure for this sale can be found here. Insiders sold a total of 71,327 shares of company stock valued at $11,007,388 over the last quarter. 1.90% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Huntington National Bank bought a new position in shares of Bright Horizons Family Solutions during the 2nd quarter valued at approximately $33,000. Manchester Capital Management LLC bought a new position in shares of Bright Horizons Family Solutions during the 1st quarter valued at approximately $47,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in shares of Bright Horizons Family Solutions during the 2nd quarter valued at approximately $75,000. NN Investment Partners Holdings N.V. bought a new position in shares of Bright Horizons Family Solutions during the 2nd quarter valued at approximately $166,000. Finally, Machina Capital S.A.S. bought a new position in shares of Bright Horizons Family Solutions during the 2nd quarter valued at approximately $190,000. Institutional investors and hedge funds own 98.31% of the company’s stock.



Shares of Bright Horizons Family Solutions stock traded up $0.03 during trading hours on Friday, reaching $154.07. 8,315 shares of the stock traded hands, compared to its average volume of 273,777. The company has a 50 day moving average price of $158.68 and a 200 day moving average price of $140.80. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 50.73, a P/E/G ratio of 4.36 and a beta of 0.29. Bright Horizons Family Solutions has a one year low of $105.15 and a one year high of $168.28. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.18.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.92 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.92. The business had revenue of $528.06 million during the quarter, compared to the consensus estimate of $531.13 million. Bright Horizons Family Solutions had a return on equity of 23.29% and a net margin of 8.67%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 EPS. Sell-side analysts anticipate that Bright Horizons Family Solutions will post 3.4 earnings per share for the current year.

Several research firms recently commented on BFAM. ValuEngine downgraded Bright Horizons Family Solutions from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Goldman Sachs Group upgraded Bright Horizons Family Solutions from a “neutral” rating to a “buy” rating in a research note on Thursday, June 20th. BMO Capital Markets upgraded Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $152.00 to $166.00 in a research note on Wednesday. Finally, Zacks Investment Research upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a research note on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $136.57.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.

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