The ECOB of Bright Horizons (NYSE: BFAM) is Selling Shares

By Carrie Williams

Today, the ECOB of Bright Horizons (BFAMResearch Report), David Lissy, sold shares of BFAM for $4.7M.

Following David Lissy’s last BFAM Sell transaction on March 29, 2018, the stock climbed by 25.4%. This is Lissy’s first transaction since reporting a Buy transaction on RDFN back in May 2018

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Based on Bright Horizons’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $478 million and quarterly net profit of $46.39 million. In comparison, last year the company earned revenue of $440 million and had a net profit of $51.11 million. BFAM’s market cap is $7.19B and the company has a P/E ratio of 47.04. Currently, Bright Horizons has an average volume of 126.9K.

The insider sentiment on Bright Horizons has been negative according to 77 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Bright Horizons Family Solutions, Inc. engages in the provision of child care and educational services. It operates through the following segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services.