Insider Selling: Bright Horizons Family Solutions (BFAM) COO Sells 1,500 Shares of Stock

Bright Horizons Family Solutions (NYSE:BFAM) COO Mary Lou Burke sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $101.00, for a total value of $151,500.00. Following the completion of the transaction, the chief operating officer now owns 30,096 shares in the company, valued at approximately $3,039,696. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Mary Lou Burke also recently made the following trade(s):

How to Become a New Pot Stock Millionaire
  • On Thursday, April 5th, Mary Lou Burke sold 1,100 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $97.78, for a total value of $107,558.00.
  • On Monday, March 26th, Mary Lou Burke sold 250 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $105.00, for a total value of $26,250.00.
  • On Monday, March 5th, Mary Lou Burke sold 1,100 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $95.50, for a total value of $105,050.00.
  • On Wednesday, February 21st, Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $98.00, for a total value of $98,000.00.
  • On Monday, February 5th, Mary Lou Burke sold 2,350 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $96.33, for a total value of $226,375.50.
  • On Friday, January 5th, Mary Lou Burke sold 1,100 shares of Bright Horizons Family Solutions stock. The shares were sold at an average price of $94.48, for a total value of $103,928.00.

BFAM stock traded up $0.47 during midday trading on Thursday, hitting $98.70. 343,890 shares of the company’s stock were exchanged, compared to its average volume of 274,540. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.40. The stock has a market cap of $5,791.59, a price-to-earnings ratio of 38.78, a price-to-earnings-growth ratio of 2.25 and a beta of 0.07. Bright Horizons Family Solutions has a 1-year low of $71.08 and a 1-year high of $105.04.

Bright Horizons Family Solutions (NYSE:BFAM) last posted its earnings results on Thursday, February 8th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.04. The company had revenue of $440.00 million during the quarter, compared to analysts’ expectations of $438.99 million. Bright Horizons Family Solutions had a return on equity of 20.69% and a net margin of 9.02%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 earnings per share. sell-side analysts anticipate that Bright Horizons Family Solutions will post 2.93 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB acquired a new stake in Bright Horizons Family Solutions during the fourth quarter worth $455,000. We Are One Seven LLC acquired a new stake in Bright Horizons Family Solutions during the fourth quarter worth $167,000. LPL Financial LLC increased its stake in Bright Horizons Family Solutions by 22.2% during the fourth quarter. LPL Financial LLC now owns 10,335 shares of the company’s stock worth $971,000 after acquiring an additional 1,880 shares during the last quarter. Teachers Advisors LLC increased its stake in Bright Horizons Family Solutions by 2.4% during the fourth quarter. Teachers Advisors LLC now owns 208,821 shares of the company’s stock worth $19,629,000 after acquiring an additional 4,833 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of Bright Horizons Family Solutions by 4.0% in the fourth quarter. Raymond James & Associates now owns 31,524 shares of the company’s stock valued at $2,963,000 after buying an additional 1,201 shares in the last quarter. 99.03% of the stock is owned by institutional investors.

BFAM has been the topic of a number of analyst reports. Goldman Sachs initiated coverage on Bright Horizons Family Solutions in a research report on Tuesday, March 27th. They set a “neutral” rating and a $104.00 price objective on the stock. Credit Suisse Group lifted their price objective on Bright Horizons Family Solutions from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Macquarie initiated coverage on Bright Horizons Family Solutions in a research report on Thursday, December 21st. They set a “neutral” rating and a $95.00 price objective on the stock. ValuEngine upgraded Bright Horizons Family Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Royal Bank of Canada lifted their price objective on Bright Horizons Family Solutions to $98.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $101.67.

WARNING: This piece was originally posted by Macon Daily and is owned by of Macon Daily. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://macondaily.com/2018/04/12/mary-lou-burke-sells-1500-shares-of-bright-horizons-family-solutions-bfam-stock-updated-updated-updated.html.

About Bright Horizons Family Solutions

Bright Horizons Family Solutions Inc is a provider of child care, early education and other services. The Company provides services under multi-year contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. Its segments include full service center-based care services, back-up dependent care services and other educational advisory services.

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

Receive News & Ratings for Bright Horizons Family Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Horizons Family Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply