Monarch Partners Asset Management buys $19,953,574 stake in Bright Horizons Family Solutions Inc (BFAM)

Bright Horizons Family Solutions Inc (BFAM) : Monarch Partners Asset Management scooped up 202,165 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 May 2, 2016. The investment management firm now holds a total of 309,166 shares of Bright Horizons Family Solutions Inc which is valued at $19,953,574.Bright Horizons Family Solutions Inc makes up approximately 2.05% of Monarch Partners Asset Management’s portfolio.

Bright Horizons Family Solutions Inc closed down -0.25 points or -0.39% at $64.54 with 3,26,004 shares getting traded on Friday. Post opening the session at $64.69, the shares hit an intraday low of $64.02 and an intraday high of $65.35 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Rhumbline Advisers boosted its stake in BFAM in the latest quarter, The investment management firm added 755 additional shares and now holds a total of 37,118 shares of Bright Horizons Family Solutions Inc which is valued at $2,395,596. Bright Horizons Family Solutions Inc makes up approx 0.01% of Rhumbline Advisers’s portfolio.Russell Frank Co boosted its stake in BFAM in the latest quarter, The investment management firm added 25,067 additional shares and now holds a total of 78,785 shares of Bright Horizons Family Solutions Inc which is valued at $5,169,872. Bright Horizons Family Solutions Inc makes up approx 0.01% of Russell Frank Co’s portfolio.Aperio Group boosted its stake in BFAM in the latest quarter, The investment management firm added 405 additional shares and now holds a total of 4,454 shares of Bright Horizons Family Solutions Inc which is valued at $292,271.

On the company’s financial health, Bright Horizons Family Solutions Inc reported $0.51 EPS for the quarter, based on the information available during the earnings call on May 3, 2016. Analyst had a consensus estimate of $0.51. The company had revenue of $385.30 million for the quarter, compared to analysts expectations of $382.87 million. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 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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