Profit Investment Management buys $803,971 stake in Bright Horizons Family Solutions Inc (BFAM)

Bright Horizons Family Solutions Inc (BFAM) : Profit Investment Management scooped up 5,998 additional shares in Bright Horizons Family Solutions Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 12,174 shares of Bright Horizons Family Solutions Inc which is valued at $803,971.Bright Horizons Family Solutions Inc makes up approximately 0.81% of Profit Investment Management’s portfolio.

Other Hedge Funds, Including , Parametrica Management Ltd reduced its stake in BFAM by selling 998 shares or 21.73% in the most recent quarter. The Hedge Fund company now holds 3,594 shares of BFAM which is valued at $237,348. Bright Horizons Family Solutions Inc makes up approx 0.67% of Parametrica Management Ltd’s portfolio.Eagle Asset Management Inc reduced its stake in BFAM by selling 9,568 shares or 1.22% in the most recent quarter. The Hedge Fund company now holds 777,531 shares of BFAM which is valued at $51,332,597. Bright Horizons Family Solutions Inc makes up approx 0.35% of Eagle Asset Management Inc’s portfolio.Legal General Group Plc reduced its stake in BFAM by selling 651 shares or 6.03% in the most recent quarter. The Hedge Fund company now holds 10,145 shares of BFAM which is valued at $669,773.Eqis Capital Management reduced its stake in BFAM by selling 303 shares or 6.4% in the most recent quarter. The Hedge Fund company now holds 4,435 shares of BFAM which is valued at $293,863. Bright Horizons Family Solutions Inc makes up approx 0.02% of Eqis Capital Management’s portfolio.

Bright Horizons Family Solutions Inc opened for trading at $65.99 and hit $66.3 on the upside on Tuesday, eventually ending the session at $66.02, with a gain of 0.06% or 0.04 points. The heightened volatility saw the trading volume jump to 1,40,561 shares. Company has a market cap of $3,887 M.

On the company’s financial health, Bright Horizons Family Solutions Inc reported $0.61 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.61. The company had revenue of $402.00 million for the quarter, compared to analysts expectations of $402.94 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Bright Horizons Family Solutions Inc. Bright Horizons Family Solutions Inc was Upgraded by JP Morgan to ” Overweight” on Aug 15, 2016.

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 who offer child care and other dependent care solutions as part of their employee benefits packages. Its service offerings include center-based full service child care and early education; back-up dependent care and educational advisory services. It operates in three segments: full service center-based care which includes center-based child care preschool and elementary education; back-up dependent care which includes center-based back-up child care in-home care mildly ill child care and adult/elder care and other educational advisory services which includes its college preparation and admissions advisory services as well as tuition reimbursement administration and educational advising services. It serves children in the United States the United Kingdom the Netherlands Ireland Canada and India.

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