BMO Capital Markets gives a Market perform recommendation for Bright Horizons Family Solutions Inc. (BFAM)


Bright Horizons Family Solutions Inc.’s recently made public that its CEO & President Kramer Stephen Howard unloaded Company’s shares for reported $1.43 million on Aug 25. In the deal valued at $95.65 per share,15,000 shares were sold. As a result of this transaction, Kramer Stephen Howard now holds 122,518 shares worth roughly $ 11.84 million.

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Then, TOCIO MARY ANN sold 10,000 shares, generating $920,165 in total proceeds. Upon selling the shares at $92.02, the Director now owns 46,855 shares.

Before that, LAWRENCE LIGHTFOOT SARA sold 2,282 shares. Bright Horizons Family Solutions Inc. shares valued at $187,684 were divested by the Director at a price of $82.25 per share. As a result of the transaction, LAWRENCE LIGHTFOOT SARA now holds 4,435 shares, worth roughly $0.43 million.

BMO Capital Markets downgraded its Bright Horizons Family Solutions Inc. [BFAM] rating to a Market perform from a an Outperform in a research note published on Friday. PT values the company’s stock at a premium of 2.35 to its Friday closing price.

Price Performance Review of BFAM

On Friday, Bright Horizons Family Solutions Inc. [NYSE:BFAM] saw its stock jump 2.38% to $96.67. On the same session, the stock had its day’s lowest price of $94.905, but rose to a high of $97.24. Over the last five days, the stock has gained 1.49%. Bright Horizons Family Solutions Inc. shares have risen nearly 53.20% since the year began. Nevertheless, the stocks have risen 41.74% over the past one year. While a 52-week high of $98.87 was reached on 07/13/23, a 52-week low of $54.19 was recorded on 01/03/23. SMA at 50 days reached $93.71, while 200 days put it at $81.64. A total of 0.28 million shares were traded, compared to the trading of 0.24 million shares in the previous session.

Levels Of Support And Resistance For BFAM Stock

The 24-hour chart illustrates a support level at 95.30, which if violated will result in even more drops to 93.94. On the upside, there is a resistance level at 97.64. A further resistance level may holdings at 98.61. The Relative Strength Index (RSI) on the 14-day chart is 58.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.52%. Stochastics %K at 84.05% indicates the stock is a selling.

How much short interest is there in Bright Horizons Family Solutions Inc.?

A steep rise in short interest was recorded in Bright Horizons Family Solutions Inc. stocks on Aug 14, 2023, dropping by -0.62 million shares to a total of 1.85 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.47 million shares. There was a decline of -33.51%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.24% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.76.

Bright Horizons Family Solutions Inc. [BFAM] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 5,207,684 shares, or roughly 9.01% of the outstanding BFAM shares. In other words, the investor’s shares have fallen by -17,487 from its previous 13-F filing of 5225171.0. Additionally, T. Rowe Price Investment Manageme decreased -0.07% of its stake after which the total value it holdings stand at $464,041,512, while Massachusetts Financial Services added 3.36% of its stake to hold $455.57 million in the firm. Over the last quarter, T. Rowe Price Associates, Inc. purchased 280,896 shares of Bright Horizons Family Solutions Inc., while JPMorgan Investment Management, I bought 68,775 shares. At present, Durable Capital Partners LP is holding 3,165,469 shares valued at $307.15 million. Brown Advisory LLC owned 3,040,487 shares of the company at the time of its most recent 13F filing, worth $295.02 million.

According to FactSet, Bright Horizons Family Solutions Inc.’s share price will average $90.70 in the next year, based on opinions of analysts polled by the firm. This is down nearly -4.15 percent from its previous closing price of $94.42. Analysts expect Bright Horizons Family Solutions Inc. stock to reach the higher price of $105.00, while the lowest price estimate is $64.00. However, 10 analysts have rated BFAM stock as a Hold in their predictions for 2023.


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