Bright Horizons Family Solutions Inc (NYSE:BFAM) CFO Elizabeth J. Boland sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $133.23, for a total transaction of $466,305.00. Following the completion of the sale, the chief financial officer now owns 123,841 shares in the company, valued at $16,499,336.43. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of NYSE:BFAM traded up $1.56 during trading on Friday, reaching $136.07. The stock had a trading volume of 266,749 shares, compared to its average volume of 199,596. Bright Horizons Family Solutions Inc has a one year low of $99.29 and a one year high of $135.18. The stock has a market capitalization of $7.90 billion, a P/E ratio of 44.91, a P/E/G ratio of 3.71 and a beta of 0.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.36 and a current ratio of 0.36.
Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. Bright Horizons Family Solutions had a net margin of 8.38% and a return on equity of 23.38%. The business had revenue of $501.76 million for the quarter, compared to analysts’ expectations of $497.24 million. During the same period last year, the business earned $0.72 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. On average, research analysts forecast that Bright Horizons Family Solutions Inc will post 3.39 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. boosted its stake in Bright Horizons Family Solutions by 312.1% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 272 shares of the company’s stock worth $30,000 after purchasing an additional 206 shares in the last quarter. Ellis Investment Partners LLC acquired a new stake in Bright Horizons Family Solutions in the 1st quarter worth approximately $621,000. Manchester Capital Management LLC acquired a new stake in Bright Horizons Family Solutions in the 1st quarter worth approximately $47,000. Quadrant Capital Group LLC acquired a new stake in Bright Horizons Family Solutions in the 1st quarter worth approximately $47,000. Finally, Kore Private Wealth LLC acquired a new stake in Bright Horizons Family Solutions in the 1st quarter worth approximately $50,000. Institutional investors own 98.34% of the company’s stock.
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About Bright Horizons Family Solutions
Bright Horizons Family Solutions Inc provides child care and early education, back-up care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services.
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