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

Bright Horizons Family Solutions Inc. (NYSE:BFAM) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 1,070,000 shares, a decline of 7.8% from the June 15th total of 1,160,000 shares. Based on an average daily volume of 315,100 shares, the short-interest ratio is currently 3.4 days. Currently, 1.9% of the shares of the company are sold short.

Bright Horizons Family Solutions Stock Down 0.0 %

Bright Horizons Family Solutions stock traded down $0.01 during trading hours on Thursday, hitting $119.26. The company had a trading volume of 107,946 shares, compared to its average volume of 336,459. The firm has a market capitalization of $6.92 billion, a P/E ratio of 83.91, a price-to-earnings-growth ratio of 4.57 and a beta of 1.45. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.51 and a quick ratio of 0.51. The firm’s fifty day moving average is $108.78 and its 200-day moving average is $107.20. Bright Horizons Family Solutions has a fifty-two week low of $71.65 and a fifty-two week high of $122.67.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06. Bright Horizons Family Solutions had a net margin of 3.34% and a return on equity of 12.00%. The company had revenue of $622.71 million for the quarter, compared to analyst estimates of $614.60 million. On average, research analysts forecast that Bright Horizons Family Solutions will post 2.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Bright Horizons Family Solutions from $108.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. BMO Capital Markets increased their target price on shares of Bright Horizons Family Solutions from $102.00 to $104.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. Robert W. Baird increased their target price on shares of Bright Horizons Family Solutions from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Bright Horizons Family Solutions from $107.00 to $119.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $107.43.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $120.00, for a total transaction of $120,000.00. Following the completion of the transaction, the chief operating officer now directly owns 35,925 shares of the company’s stock, valued at approximately $4,311,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $120.00, for a total transaction of $120,000.00. Following the completion of the transaction, the chief operating officer now directly owns 35,925 shares of the company’s stock, valued at approximately $4,311,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lightfoot Sara Lawrence sold 4,597 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $107.23, for a total transaction of $492,936.31. The disclosure for this sale can be found here. Insiders sold 28,447 shares of company stock valued at $3,186,710 in the last ninety days. Company insiders own 1.22% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

Several large investors have recently modified their holdings of BFAM. Norges Bank bought a new stake in shares of Bright Horizons Family Solutions during the 4th quarter worth $57,363,000. Lord Abbett & CO. LLC bought a new stake in shares of Bright Horizons Family Solutions during the 1st quarter worth $64,735,000. Public Employees Retirement Association of Colorado boosted its holdings in shares of Bright Horizons Family Solutions by 4,227.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 294,024 shares of the company’s stock worth $27,709,000 after buying an additional 287,229 shares during the period. M&G Plc bought a new stake in Bright Horizons Family Solutions in the 1st quarter valued at $27,467,000. Finally, Capital World Investors boosted its holdings in Bright Horizons Family Solutions by 10.5% in the 4th quarter. Capital World Investors now owns 1,348,432 shares of the company’s stock valued at $127,076,000 after purchasing an additional 128,632 shares during the period.

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.