Short Interest in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Decreases By 6.3%

Bright Horizons Family Solutions Inc. (NYSE:BFAM) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 895,600 shares, a drop of 6.3% from the December 15th total of 955,900 shares. Based on an average daily volume of 590,200 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.6% of the shares of the company are sold short.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the completion of the sale, the director now directly owns 25,257 shares of the company’s stock, valued at approximately $2,897,230.47. The trade was a 16.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Several large investors have recently bought and sold shares of BFAM. Raleigh Capital Management Inc. bought a new position in shares of Bright Horizons Family Solutions in the third quarter valued at approximately $29,000. Versant Capital Management Inc bought a new position in Bright Horizons Family Solutions in the 4th quarter valued at $25,000. V Square Quantitative Management LLC purchased a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter valued at $35,000. True Wealth Design LLC bought a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth $49,000. Finally, Quarry LP boosted its holdings in shares of Bright Horizons Family Solutions by 68.3% in the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock worth $48,000 after buying an additional 177 shares during the last quarter.

Bright Horizons Family Solutions Stock Down 0.2 %

Shares of BFAM stock traded down $0.20 on Friday, reaching $117.47. 256,725 shares of the company were exchanged, compared to its average volume of 369,123. Bright Horizons Family Solutions has a one year low of $94.83 and a one year high of $141.90. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 59.03 and a beta of 1.44. The company has a 50-day moving average of $112.11 and a 200-day moving average of $123.91. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.61 and a quick ratio of 0.61.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings data on Monday, November 4th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.05. Bright Horizons Family Solutions had a net margin of 4.44% and a return on equity of 13.23%. The firm had revenue of $719.00 million for the quarter, compared to the consensus estimate of $713.16 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. Analysts anticipate that Bright Horizons Family Solutions will post 3.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley decreased their price target on Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating for the company in a research note on Thursday, December 12th. Robert W. Baird raised Bright Horizons Family Solutions from a “neutral” rating to an “outperform” rating and set a $140.00 price objective for the company in a report on Friday, November 22nd. The Goldman Sachs Group lowered their target price on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, December 27th. Finally, UBS Group increased their price target on shares of Bright Horizons Family Solutions from $145.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $138.25.

About Bright Horizons Family Solutions

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.