Shorts Action: After Reaching Milestone, Is Bright Horizons Family Solutions (NYSE:BFAM)’s Short Interest Revealing Something?

November 25, 2016 - By Ellis Scott   ·   0 Comments

Shorts Action: After Reaching Milestone, Is Bright Horizons Family Solutions (NYSE:BFAM)’s Short Interest Revealing Something?

The stock of Bright Horizons Family Solutions (NYSE:BFAM) registered an increase of 3.55% in short interest. BFAM’s total short interest was 845,700 shares in November as published by FINRA. Its up 3.55% from 816,700 shares, reported previously. With 184,300 shares average volume, it will take short sellers 5 days to cover their BFAM’s short positions. The short interest to Bright Horizons Family Solutions’s float is 1.95%. About 183,984 shares traded hands. Bright Horizons Family Solutions Inc (NYSE:BFAM) has risen 8.48% since April 22, 2016 and is uptrending. It has outperformed by 3.07% the S&P500.

Bright Horizons Family Solutions Inc. is a well-known provider of child care, early education and other services. The company has a market cap of $4.19 billion. The Firm provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. It has a 42.44 P/E ratio. The Company’s divisions include full service center care services, back-up dependent care services and other educational advisory services.

Insitutional Activity: The institutional sentiment decreased to 0.88 in Q2 2016. Its down 0.69, from 1.57 in 2016Q1. The ratio is negative, as 19 funds sold all Bright Horizons Family Solutions Inc shares owned while 55 reduced positions. 33 funds bought stakes while 83 increased positions. They now own 57.37 million shares or 3.10% less from 59.21 million shares in 2016Q1.
Ubs Asset Mgmt Americas has 0% invested in the company for 22,963 shares. Strs Ohio owns 6,500 shares or 0% of their US portfolio. Blackrock Investment Mngmt Llc accumulated 0.01% or 163,847 shares. Wealthtrust last reported 83 shares in the company. The Pennsylvania-based Conestoga Capital Limited Liability Corporation has invested 0.05% in Bright Horizons Family Solutions Inc (NYSE:BFAM). Susquehanna Intll Grp Llp holds 0% of its portfolio in Bright Horizons Family Solutions Inc (NYSE:BFAM) for 4,279 shares. Qs Limited Co has 36 shares for 0% of their US portfolio. Daiwa Securities holds 0% or 5,800 shares in its portfolio. Blackrock Inc has 4,268 shares for 0% of their US portfolio. Prudential Financial, a New Jersey-based fund reported 20,351 shares. Loomis Sayles & Limited Partnership holds 0.1% of its portfolio in Bright Horizons Family Solutions Inc (NYSE:BFAM) for 561,181 shares. Blackrock Institutional Tru Company Na accumulated 0.01% or 1.04M shares. Citigroup last reported 48,271 shares in the company. Pacad Inv Limited owns 5,000 shares or 0.05% of their US portfolio. Cornerstone Management Limited Liability holds 0.01% of its portfolio in Bright Horizons Family Solutions Inc (NYSE:BFAM) for 9,800 shares.

Bright Horizons Family Solutions Inc (NYSE:BFAM) Ratings Coverage

Out of 6 analysts covering Bright Horizons (NYSE:BFAM), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Bright Horizons has been the topic of 10 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Wednesday, February 3 by Credit Suisse. On Monday, November 9 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Market Weight” rating on Wednesday, November 2 by William Blair. JP Morgan upgraded the shares of BFAM in a report on Monday, August 15 to “Overweight” rating. The rating was maintained by Barclays Capital on Wednesday, November 25 with “Overweight”. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, August 5. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, February 9.

BFAM Company Profile

Bright Horizons Family Solutions Inc., incorporated on May 9, 2008, is a well-known provider of child care, early education and other services. The Firm provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. The Company’s divisions include full service center care services, back-up dependent care services and other educational advisory services. Full service center care includes center child care, preschool and elementary education. Back-up dependent care includes center back-up child care, in-home well child care, in home mildly ill child care and adult/elder care. The Company’s other business services are included in the other educational advisory services segment, which includes its college preparation and admissions advisory services, as well as tuition reimbursement administration and educational advising services. As of December 31, 2015, the Company operated a total over 930 child care and early education centers across a range of customer industries with the capacity to serve approximately 107,000 children in the United States, as well as in the United Kingdom, the Netherlands, Ireland, Canada and India. The Firm operates over 300 nurseries in the United Kingdom and approximately 1,000 across the world.

More notable recent Bright Horizons Family Solutions Inc (NYSE:BFAM) news were published by: Marketwatch.com which released: “Bright Horizons Family Solutions upgraded to overweight from neutral at JP Morgan” on November 07, 2012, also Forbes.com with their article: “Oversold Conditions For Bright Horizons Family Solutions (BFAM)” published on November 02, 2016, Prnewswire.com published: “Bright Horizons Acquires Asquith Day Nurseries & Pre-Schools, Unites UK …” on November 10, 2016. More interesting news about Bright Horizons Family Solutions Inc (NYSE:BFAM) were released by: Bloomberg.com and their article: “Bright Horizons Surges in Debut After IPO Prices Above Range” published on January 25, 2013 as well as Prnewswire.com‘s news article titled: “When’s the Best Time to Start a Family? New Study Says: Ask the Boss!” with publication date: October 17, 2016.

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By Ellis Scott


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