Hsbc Holdings PLC has increased its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 159.0% in the third quarter, according to its recent Form 13F filing with the Securities and Exchange Commission. The firm now owns 8,693 shares of the company's stock, worth $705,000. Other institutional investors and hedge funds have also added to or reduced their stakes in the business. In addition, CFO Elizabeth J. Boland sold 15,640 shares of the company's stock, while Director Lightfoot Sara Lawrence sold 925 shares. HighPoint Advisor Group LLC acquired 2,037 shares in Bright Horizons Family Solutions Inc. during the fourth quarter, valued at approximately $192,000. Other institutional investors, including Norges Bank and Public Employees Retirement Association of Colorado, also made changes to their positions in BFAM [c17f96af].
Short interest in Bright Horizons Family Solutions Inc. (NYSE:BFAM) experienced a significant increase in February, with short interest totaling 2,170,000 shares, a 14.2% increase from the previous month. Currently, 3.8% of the company's shares are short sold. Analyst reports on BFAM have varied, with some raising their target price and others downgrading the stock. Insiders have also been active, with the CFO and COO selling shares. Institutional investors have modified their holdings of BFAM, with Price T Rowe Associates and Vanguard Group increasing their positions. Bright Horizons Family Solutions provides early education and childcare services. Bright Horizons Family Solutions stock opened at $102.30 on Friday, with a market cap of $5.93 billion. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35. Research firms have given the stock various ratings, with an average rating of 'Hold' and a consensus target price of $107.43 [6cbcf73f].