Bright Horizons Family Solutions Inc. (NYSE:BFAM) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 500,651 shares, a decline of 30.9% from the October 31st total of 724,546 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 338,073 shares, the short-interest ratio is currently 1.5 days.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Bright Horizons Family Solutions from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Friday, September 15th. BidaskClub upgraded shares of Bright Horizons Family Solutions from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Robert W. Baird reiterated a “hold” rating on shares of Bright Horizons Family Solutions in a research note on Friday, November 3rd. Citigroup upped their target price on shares of Bright Horizons Family Solutions from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, BMO Capital Markets upped their target price on shares of Bright Horizons Family Solutions from $85.00 to $90.00 and gave the stock a “market perform” rating in a research note on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $90.67.

Shares of Bright Horizons Family Solutions (NYSE BFAM) opened at $90.15 on Wednesday. The company has a market cap of $5,275.49, a PE ratio of 37.37, a price-to-earnings-growth ratio of 1.79 and a beta of 0.13. Bright Horizons Family Solutions has a fifty-two week low of $65.00 and a fifty-two week high of $93.13. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

Bright Horizons Family Solutions (NYSE:BFAM) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Bright Horizons Family Solutions had a net margin of 7.22% and a return on equity of 19.72%. The firm had revenue of $433.30 million for the quarter, compared to the consensus estimate of $429.36 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. equities research analysts anticipate that Bright Horizons Family Solutions will post 2.49 EPS for the current year.

In related news, Director Mary Ann Tocio sold 6,666 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $80.09, for a total transaction of $533,879.94. Following the transaction, the director now owns 67,284 shares in the company, valued at approximately $5,388,775.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joshua Bekenstein sold 3,504,999 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $87.26, for a total transaction of $305,846,212.74. The disclosure for this sale can be found here. Insiders sold a total of 3,620,458 shares of company stock worth $315,782,740 in the last 90 days. Corporate insiders own 2.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Bright Horizons Family Solutions by 3,798.6% in the second quarter. JPMorgan Chase & Co. now owns 692,158 shares of the company’s stock worth $53,441,000 after purchasing an additional 674,404 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Bright Horizons Family Solutions by 108.4% in the second quarter. Neuberger Berman Group LLC now owns 1,153,425 shares of the company’s stock worth $89,056,000 after purchasing an additional 599,907 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Bright Horizons Family Solutions by 11.8% in the second quarter. Vanguard Group Inc. now owns 3,888,575 shares of the company’s stock worth $300,237,000 after purchasing an additional 410,335 shares during the last quarter. Laurion Capital Management LP bought a new position in shares of Bright Horizons Family Solutions in the second quarter worth approximately $17,171,000. Finally, Thrivent Financial For Lutherans grew its position in Bright Horizons Family Solutions by 218.4% during the second quarter. Thrivent Financial For Lutherans now owns 307,286 shares of the company’s stock valued at $23,726,000 after acquiring an additional 210,776 shares during the last quarter. 99.74% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Short Interest in Bright Horizons Family Solutions Inc. (BFAM) Declines By 30.9%” was reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The original version of this piece of content can be accessed at https://theolympiareport.com/2017/12/06/short-interest-in-bright-horizons-family-solutions-inc-bfam-declines-by-30-9.html.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

Receive News & Ratings for Bright Horizons Family Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.