Insider Selling: Bright Horizons Family Solutions Inc (BFAM) Director Sells 22,045 Shares of Stock

Bright Horizons Family Solutions Inc (NYSE:BFAM) Director Linda A. Mason sold 22,045 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $123.80, for a total transaction of $2,729,171.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

BFAM stock traded down $2.58 during midday trading on Tuesday, hitting $121.17. The stock had a trading volume of 153,900 shares, compared to its average volume of 245,090. The stock has a market capitalization of $7.07 billion, a P/E ratio of 47.74, a PEG ratio of 3.41 and a beta of 0.23. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.39 and a current ratio of 0.39. Bright Horizons Family Solutions Inc has a 12-month low of $89.22 and a 12-month high of $123.93.

Bright Horizons Family Solutions (NYSE:BFAM) last released its earnings results on Thursday, November 1st. The company reported $0.73 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. The firm had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $471.85 million. Bright Horizons Family Solutions had a net margin of 8.73% and a return on equity of 22.55%. Bright Horizons Family Solutions’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 EPS. Research analysts forecast that Bright Horizons Family Solutions Inc will post 2.97 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter worth approximately $147,000. First Hawaiian Bank purchased a new stake in Bright Horizons Family Solutions in the 3rd quarter worth approximately $158,000. Advisors Asset Management Inc. grew its stake in Bright Horizons Family Solutions by 1,829.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 9,414 shares of the company’s stock worth $171,000 after acquiring an additional 8,926 shares during the period. Moneta Group Investment Advisors LLC grew its stake in shares of Bright Horizons Family Solutions by 104.4% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,860 shares of the company’s stock valued at $191,000 after buying an additional 950 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter valued at $200,000. 97.72% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on BFAM shares. BMO Capital Markets raised their price objective on shares of Bright Horizons Family Solutions from $114.00 to $118.00 and gave the stock a “market perform” rating in a research note on Monday, August 6th. Zacks Investment Research cut shares of Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Bank of America started coverage on shares of Bright Horizons Family Solutions in a research note on Tuesday, October 23rd. They set a “neutral” rating and a $118.00 price objective for the company. Barclays raised their price objective on shares of Bright Horizons Family Solutions from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Bright Horizons Family Solutions from $121.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Bright Horizons Family Solutions has an average rating of “Hold” and a consensus target price of $113.36.

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About Bright Horizons Family Solutions

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

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Insider Buying and Selling by Quarter for Bright Horizons Family Solutions (NYSE:BFAM)

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