Beach Investment Management Lifted Facebook (FB) Position By $16.59 Million; Bright Horizons Family Solutions (BFAM) Sentiment Is 1.56

November 14, 2017 - By Nellie Frank

Bright Horizons Family Solutions Inc. is a well-known provider of child care, early education and other services. The company has market cap of $5.12 billion. The Firm provides services under multi-year

contracts with employers offering child care and other dependent care solutions as part of their employee benefits packages. It has a 42.68 P/E ratio. The Company’s divisions include full service center care services, back-up dependent care services and other educational advisory services.

Beach Investment Management Llc increased Facebook (FB) stake by 999.73% reported in 2017Q2 SEC filing. Beach Investment Management Llc acquired 110,570 shares as Facebook (FB)’s stock rose 10.88%. The Beach Investment Management Llc holds 121,630 shares with $18.36 million value, up from 11,060 last quarter. Facebook now has $518.02 billion valuation. The stock declined 0.28% or $0.5 reaching $178.27 on the news. About 6.33M shares traded. Facebook Inc (NASDAQ:FB) has risen 26.75% since November 14, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

Since May 15, 2017, it had 0 insider buys, and 14 sales for $147.86 million activity. Stretch Colin sold 750 shares worth $115,308. Zuckerberg Mark also sold $42.50M worth of Facebook Inc (NASDAQ:FB) shares. Koum Jan had sold 594,246 shares worth $88.97 million on Monday, May 15. 163,500 shares valued at $25.14 million were sold by Sandberg Sheryl on Tuesday, June 6. The insider Wehner David M. sold $2.30M. $5.71 million worth of Facebook Inc (NASDAQ:FB) was sold by Schroepfer Michael Todd on Tuesday, June 13. 209 Facebook Inc (NASDAQ:FB) shares with value of $30,236 were sold by Desmond-Hellmann Susan.

Investors sentiment increased to 1.4 in 2017 Q2. Its up 0.05, from 1.35 in 2017Q1. It is positive, as 48 investors sold FB shares while 553 reduced holdings. 159 funds opened positions while 684 raised stakes. 1.62 billion shares or 0.41% less from 1.63 billion shares in 2017Q1 were reported. Hayek Kallen Invest Mngmt invested in 1,450 shares or 0.15% of the stock. Tru Of Vermont invested 0.9% in Facebook Inc (NASDAQ:FB). Farallon Management owns 2.31M shares or 3.62% of their US portfolio. The California-based Tcw Gru has invested 2.34% in Facebook Inc (NASDAQ:FB). Moreover, Schnieders Cap Mgmt Ltd Liability Corporation has 0.99% invested in Facebook Inc (NASDAQ:FB) for 14,056 shares. Hanson Doremus Investment Management has invested 0.03% in Facebook Inc (NASDAQ:FB). Amalgamated Bancshares reported 1.37% in Facebook Inc (NASDAQ:FB). Hs Mngmt Ptnrs Lc owns 430,686 shares. Fin Advisory Ser Incorporated reported 2,766 shares. Bridges Counsel Incorporated holds 0.58% or 16,815 shares in its portfolio. Marsico Management Lc reported 1.21M shares stake. Zacks Mngmt holds 0.74% or 197,211 shares. Palo Cap has 9,247 shares for 0.79% of their portfolio. Weiss Multi reported 45,146 shares. D L Carlson Inv Incorporated stated it has 0.67% in Facebook Inc (NASDAQ:FB).

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 207 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Neutral” rating by BTIG Research given on Thursday, November 3. Stifel Nicolaus maintained it with “Buy” rating and $145 target in Thursday, April 28 report. Canaccord Genuity maintained it with “Buy” rating and $190.0 target in Monday, October 9 report. RBC Capital Markets maintained Facebook Inc (NASDAQ:FB) rating on Thursday, November 2. RBC Capital Markets has “Buy” rating and $230.0 target. The rating was maintained by Deutsche Bank with “Buy” on Thursday, July 30. The firm earned “Buy” rating on Monday, August 10 by Bank of America. The firm earned “Outperform” rating on Thursday, April 28 by Cowen & Co. The stock of Facebook Inc (NASDAQ:FB) earned “Buy” rating by Monness Crespi & Hardt on Thursday, July 30. The stock of Facebook Inc (NASDAQ:FB) has “Buy” rating given on Thursday, July 30 by Mizuho. On Friday, July 21 the stock rating was maintained by Goldman Sachs with “Buy”.

Analysts await Bright Horizons Family Solutions Inc (NYSE:BFAM) to report earnings on February, 8. They expect $0.64 EPS, up 23.08% or $0.12 from last year’s $0.52 per share. BFAM’s profit will be $37.90 million for 33.78 P/E if the $0.64 EPS becomes a reality. After $0.58 actual EPS reported by Bright Horizons Family Solutions Inc for the previous quarter, Wall Street now forecasts 10.34% EPS growth.

About 125,765 shares traded. Bright Horizons Family Solutions Inc (BFAM) has risen 18.19% since November 14, 2016 and is uptrending. It has outperformed by 1.49% the S&P500.


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