Monashee Investment Management adds Bright Horizons Family Solutions Inc (BFAM) to its portfolio

Bright Horizons Family Solutions Inc (BFAM) : Monashee Investment Management added new position in Bright Horizons Family Solutions Inc during the most recent quarter end. The investment management firm now holds 25,623 shares of Bright Horizons Family Solutions Inc which is valued at $1,670,620 , the company said in a statement filed on Aug 2, 2016 with the SEC.Bright Horizons Family Solutions Inc makes up approximately 2.56% of Monashee Investment Management’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp added BFAM to its portfolio by purchasing 7,159 company shares during the most recent quarter which is valued at $466,767. Bright Horizons Family Solutions Inc makes up approx 0.05% of Quantbot Technologies Lp’s portfolio. Essex Investment Management Co sold out all of its stake in BFAM during the most recent quarter. The investment firm sold 17,080 shares of BFAM which is valued $1,152,729.Monarch Partners Asset Management reduced its stake in BFAM by selling 158,324 shares or 51.21% in the most recent quarter. The Hedge Fund company now holds 150,842 shares of BFAM which is valued at $10,180,327. Bright Horizons Family Solutions Inc makes up approx 0.99% of Monarch Partners Asset Management’s portfolio. Advisory Services Network sold out all of its stake in BFAM during the most recent quarter. The investment firm sold 36 shares of BFAM which is valued $2,430.

Bright Horizons Family Solutions Inc closed down -0.05 points or -0.08% at $65.87 with 2,34,279 shares getting traded on Monday. Post opening the session at $65.93, the shares hit an intraday low of $65.58 and an intraday high of $66.51 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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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