Mesirow Financial Investment Management – Equity Management adds Bright Horizons Family Solutions Inc (BFAM) to its portfolio

Bright Horizons Family Solutions Inc (BFAM) : Mesirow Financial Investment Management – Equity Management added new position in Bright Horizons Family Solutions Inc during the most recent quarter end. The investment management firm now holds 383,616 shares of Bright Horizons Family Solutions Inc which is valued at $25,084,650 , the company said in a statement filed on Aug 8, 2016 with the SEC.Bright Horizons Family Solutions Inc makes up approximately 1.43% of Mesirow Financial Investment Management – Equity Management’s portfolio.

Other Hedge Funds, Including , Blair William Coil reduced its stake in BFAM by selling 31,672 shares or 4.65% in the most recent quarter. The Hedge Fund company now holds 649,533 shares of BFAM which is valued at $42,472,963. Bright Horizons Family Solutions Inc makes up approx 0.37% of Blair William Coil’s portfolio.Brown Advisory Securities reduced its stake in BFAM by selling 333 shares or 3.03% in the most recent quarter. The Hedge Fund company now holds 10,675 shares of BFAM which is valued at $703,696. Bright Horizons Family Solutions Inc makes up approx 0.21% of Brown Advisory Securities’s portfolio.Eagle Asset Management Inc reduced its stake in BFAM by selling 60,699 shares or 7.16% in the most recent quarter. The Hedge Fund company now holds 787,099 shares of BFAM which is valued at $53,404,667. Bright Horizons Family Solutions Inc makes up approx 0.35% of Eagle Asset Management Inc’s portfolio. Vigilant Capital Management added BFAM to its portfolio by purchasing 73 company shares during the most recent quarter which is valued at $4,953.

Bright Horizons Family Solutions Inc opened for trading at $67 and hit $68.3 on the upside on Monday, eventually ending the session at $68.28, with a gain of 4.53% or 2.96 points. The heightened volatility saw the trading volume jump to 4,33,513 shares. Company has a market cap of $4,020 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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