Short Interest in Bright Horizons Family Solutions Inc. (NYSE:BFAM) Drops By 15.8%


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Bright Horizons Family Solutions Inc. (NYSE:BFAMGet Rating) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 827,900 shares, a decrease of 15.8% from the November 15th total of 982,700 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average trading volume of 508,500 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FDx Advisors Inc. increased its position in Bright Horizons Family Solutions by 1.1% during the 2nd quarter. FDx Advisors Inc. now owns 10,869 shares of the company’s stock valued at $919,000 after buying an additional 114 shares in the last quarter. Private Capital Group LLC increased its position in Bright Horizons Family Solutions by 14.2% during the 2nd quarter. Private Capital Group LLC now owns 963 shares of the company’s stock valued at $81,000 after buying an additional 120 shares in the last quarter. Accretive Wealth Partners LLC increased its position in Bright Horizons Family Solutions by 1.7% during the 1st quarter. Accretive Wealth Partners LLC now owns 7,825 shares of the company’s stock valued at $1,038,000 after buying an additional 129 shares in the last quarter. Veritable L.P. increased its holdings in shares of Bright Horizons Family Solutions by 6.3% in the 1st quarter. Veritable L.P. now owns 2,188 shares of the company’s stock worth $290,000 after purchasing an additional 130 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of Bright Horizons Family Solutions by 3.7% in the 2nd quarter. Prudential Financial Inc. now owns 3,999 shares of the company’s stock worth $339,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Analyst Ratings Changes

BFAM has been the subject of several analyst reports. StockNews.com cut Bright Horizons Family Solutions from a “hold” rating to a “sell” rating in a report on Wednesday. TheStreet cut Bright Horizons Family Solutions from a “c” rating to a “d+” rating in a report on Wednesday, November 2nd. BMO Capital Markets increased their price objective on Bright Horizons Family Solutions from $74.00 to $84.00 in a report on Friday, November 11th. Barclays cut Bright Horizons Family Solutions from an “overweight” rating to an “equal weight” rating and set a $75.00 price objective for the company. in a report on Friday, December 2nd. Finally, Citigroup dropped their price objective on Bright Horizons Family Solutions from $115.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $80.29.

Bright Horizons Family Solutions Stock Down 2.5 %

BFAM stock traded down $1.65 on Friday, reaching $63.16. 449,997 shares of the company traded hands, compared to its average volume of 479,960. Bright Horizons Family Solutions has a one year low of $54.19 and a one year high of $140.02. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market cap of $3.65 billion, a P/E ratio of 46.79 and a beta of 1.14. The firm has a fifty day simple moving average of $66.74 and a 200-day simple moving average of $73.23.

Bright Horizons Family Solutions Company Profile

(Get Rating)

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

See Also

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