Bright Horizons Family Solutions Inc. (NYSE:BFAM) Short Interest Update

Bright Horizons Family Solutions Inc. (NYSE:BFAM) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 643,300 shares, a decrease of 10.5% from the November 15th total of 718,800 shares. Based on an average trading volume of 542,600 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.1% of the shares of the stock are short sold.

Bright Horizons Family Solutions Stock Down 0.2 %

Shares of BFAM traded down $0.25 during midday trading on Tuesday, reaching $108.14. 922,734 shares of the company were exchanged, compared to its average volume of 408,403. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. Bright Horizons Family Solutions has a 1-year low of $90.56 and a 1-year high of $141.90. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 54.54 and a beta of 1.43. The stock has a 50-day moving average price of $120.73 and a 200-day moving average price of $123.06.

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

Insider Activity

In other Bright Horizons Family Solutions news, Director Mary Ann Tocio sold 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $114.71, for a total transaction of $573,550.00. Following the transaction, the director now owns 25,257 shares of the company’s stock, valued at $2,897,230.47. This represents a 16.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Mary Lou Burke sold 800 shares of Bright Horizons Family Solutions stock in a transaction on Monday, October 7th. The shares were sold at an average price of $136.94, for a total value of $109,552.00. Following the completion of the sale, the chief operating officer now directly owns 31,025 shares of the company’s stock, valued at approximately $4,248,563.50. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.22% of the company’s stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raleigh Capital Management Inc. acquired a new stake in shares of Bright Horizons Family Solutions in the 3rd quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new stake in Bright Horizons Family Solutions during the third quarter valued at approximately $35,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Bright Horizons Family Solutions by 850.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 342 shares of the company’s stock worth $38,000 after acquiring an additional 306 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Bright Horizons Family Solutions by 73.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 390 shares of the company’s stock valued at $43,000 after acquiring an additional 165 shares during the last quarter. Finally, Quarry LP raised its position in shares of Bright Horizons Family Solutions by 68.3% during the 2nd quarter. Quarry LP now owns 436 shares of the company’s stock valued at $48,000 after acquiring an additional 177 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BFAM. Barclays upped their price objective on shares of Bright Horizons Family Solutions from $125.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. increased their price target on shares of Bright Horizons Family Solutions from $137.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. BMO Capital Markets raised shares of Bright Horizons Family Solutions from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $137.00 to $125.00 in a research note on Monday, November 18th. UBS Group increased their target price on Bright Horizons Family Solutions from $145.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley reduced their target price on Bright Horizons Family Solutions from $108.00 to $102.00 and set an “underweight” rating on the stock in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $140.75.

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.