Bright Horizons Family Solutions Inc. (NYSE:BFAM) Short Interest Up 11.5% in June

Bright Horizons Family Solutions Inc. (NYSE:BFAM) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 1,160,000 shares, an increase of 11.5% from the May 31st total of 1,040,000 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily trading volume, of 310,900 shares, the days-to-cover ratio is currently 3.7 days.

Bright Horizons Family Solutions Price Performance

Shares of BFAM traded down $1.33 during mid-day trading on Monday, reaching $108.75. The company had a trading volume of 298,652 shares, compared to its average volume of 344,233. The company’s 50 day simple moving average is $107.70 and its 200 day simple moving average is $105.72. Bright Horizons Family Solutions has a 1-year low of $71.65 and a 1-year high of $119.21. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 76.59, a P/E/G ratio of 4.13 and a beta of 1.45.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $614.60 million. Analysts expect that Bright Horizons Family Solutions will post 2.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BFAM. Robert W. Baird increased their price target 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. The Goldman Sachs Group increased their price target 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. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. increased their price target 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. Finally, BMO Capital Markets increased their price target 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $107.43.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, CAO Jason Janoff sold 6,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $113.79, for a total value of $682,740.00. Following the transaction, the chief accounting officer now owns 8,955 shares of the company’s stock, valued at $1,018,989.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Mary Ann Tocio sold 4,000 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $108.95, for a total transaction of $435,800.00. Following the completion of the transaction, the director now owns 31,855 shares in the company, valued at $3,470,602.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jason Janoff sold 6,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $113.79, for a total transaction of $682,740.00. Following the transaction, the chief accounting officer now owns 8,955 shares of the company’s stock, valued at approximately $1,018,989.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,647 shares of company stock valued at $2,978,550. 1.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bright Horizons Family Solutions

A number of hedge funds have recently made changes to their positions in the stock. Treasurer of the State of North Carolina boosted its position in Bright Horizons Family Solutions by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 25,220 shares of the company’s stock worth $2,054,000 after buying an additional 130 shares during the period. SYSTM Wealth Solutions LLC boosted its position in Bright Horizons Family Solutions by 7.7% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 2,307 shares of the company’s stock worth $262,000 after buying an additional 164 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in Bright Horizons Family Solutions by 2.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 9,545 shares of the company’s stock worth $1,082,000 after buying an additional 215 shares during the period. Riverview Trust Co acquired a new stake in Bright Horizons Family Solutions during the 1st quarter worth approximately $25,000. Finally, Natixis Advisors L.P. boosted its position in Bright Horizons Family Solutions by 0.9% during the 3rd quarter. Natixis Advisors L.P. now owns 23,264 shares of the company’s stock worth $1,895,000 after buying an additional 218 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.