Handelsinvest Investeringsforvaltning Lowers stake in Bright Horizons Family Solutions Inc (BFAM)

Bright Horizons Family Solutions Inc (BFAM) : Handelsinvest Investeringsforvaltning reduced its stake in Bright Horizons Family Solutions Inc by 17.99% during the most recent quarter end. The investment management company now holds a total of 132,200 shares of Bright Horizons Family Solutions Inc which is valued at $8,544,086 after selling 29,000 shares in Bright Horizons Family Solutions Inc , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Bright Horizons Family Solutions Inc makes up approximately 2.85% of Handelsinvest Investeringsforvaltning’s portfolio.

Bright Horizons Family Solutions Inc opened for trading at $64.23 and hit $65.06 on the upside on Friday, eventually ending the session at $64.63, with a gain of 0.20% or 0.13 points. The heightened volatility saw the trading volume jump to 2,08,487 shares. Company has a market cap of $3,862 M.

Other Hedge Funds, Including , 1st Global Advisors boosted its stake in BFAM in the latest quarter, The investment management firm added 1,356 additional shares and now holds a total of 6,139 shares of Bright Horizons Family Solutions Inc which is valued at $399,649. Bright Horizons Family Solutions Inc makes up approx 0.06% of 1st Global Advisors’s portfolio.Independent Portfolio Consultants boosted its stake in BFAM in the latest quarter, The investment management firm added 905 additional shares and now holds a total of 3,350 shares of Bright Horizons Family Solutions Inc which is valued at $218,085. Bright Horizons Family Solutions Inc makes up approx 0.06% of Independent Portfolio Consultants’s portfolio.Rowland Co Investment Counseladv reduced its stake in BFAM by selling 135 shares or 4.51% in the most recent quarter. The Hedge Fund company now holds 2,857 shares of BFAM which is valued at $185,991. Bright Horizons Family Solutions Inc makes up approx 0.09% of Rowland Co Investment Counseladv’s portfolio.Eagle Asset Management Inc reduced its stake in BFAM by selling 17,297 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 847,798 shares of BFAM which is valued at $54,089,512. Bright Horizons Family Solutions Inc makes up approx 0.38% of Eagle Asset Management Inc’s portfolio.Conestoga Capital Advisors boosted its stake in BFAM in the latest quarter, The investment management firm added 3,375 additional shares and now holds a total of 7,805 shares of Bright Horizons Family Solutions Inc which is valued at $497,959. Bright Horizons Family Solutions Inc makes up approx 0.03% of Conestoga Capital Advisors’s portfolio.

On the company’s financial health, Bright Horizons Family Solutions Inc reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Nov 5, 2015. Analyst had a consensus of $0.41. The company had revenue of $365.94 million for the quarter, compared to analysts expectations of $365.30 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

Many Wall Street Analysts have commented on Bright Horizons Family Solutions Inc. Company shares were Reiterated by RBC Capital Mkts on Feb 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 71 from a previous price target of $70 .Bright Horizons Family Solutions Inc was Resumed by Credit Suisse to “Outperform” on Feb 3, 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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