Welch Capital Partnersny Lowers stake in Bright Horizons Family Solutions Inc (BFAM)

Bright Horizons Family Solutions Inc (BFAM) : Welch Capital Partnersny reduced its stake in Bright Horizons Family Solutions Inc by 1.65% during the most recent quarter end. The investment management company now holds a total of 125,925 shares of Bright Horizons Family Solutions Inc which is valued at $8,234,236 after selling 2,108 shares in Bright Horizons Family Solutions Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Bright Horizons Family Solutions Inc makes up approximately 2.81% of Welch Capital Partnersny’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc boosted its stake in BFAM in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 22,963 shares of Bright Horizons Family Solutions Inc which is valued at $1,501,551. Oxford Asset Management sold out all of its stake in BFAM during the most recent quarter. The investment firm sold 56,359 shares of BFAM which is valued $3,685,315.First Trust Advisors Lp boosted its stake in BFAM in the latest quarter, The investment management firm added 19,505 additional shares and now holds a total of 51,889 shares of Bright Horizons Family Solutions Inc which is valued at $3,420,523. Bright Horizons Family Solutions Inc makes up approx 0.01% of First Trust Advisors Lp’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in BFAM in the latest quarter, The investment management firm added 92 additional shares and now holds a total of 19,406 shares of Bright Horizons Family Solutions Inc which is valued at $1,279,244. Profit Investment Management added BFAM to its portfolio by purchasing 6,176 company shares during the most recent quarter which is valued at $418,918. Bright Horizons Family Solutions Inc makes up approx 0.32% of Profit Investment Management’s portfolio.

Bright Horizons Family Solutions Inc closed down -0.2 points or -0.30% at $67.3 with 1,91,631 shares getting traded on Wednesday. Post opening the session at $67.28, the shares hit an intraday low of $66.85 and an intraday high of $67.82 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

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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