Bright Horizons Family Solutions Inc. (NYSE:BFAM) Shares Sold by Cannon Global Investment Management LLC

Cannon Global Investment Management LLC reduced its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 67.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,100 shares of the company’s stock after selling 6,400 shares during the quarter. Cannon Global Investment Management LLC’s holdings in Bright Horizons Family Solutions were worth $344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BFAM. Vanguard Group Inc. lifted its position in shares of Bright Horizons Family Solutions by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 5,442,777 shares of the company’s stock valued at $603,332,000 after acquiring an additional 101,151 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Bright Horizons Family Solutions by 11.4% during the fourth quarter. LPL Financial LLC now owns 40,068 shares of the company’s stock valued at $4,442,000 after purchasing an additional 4,108 shares during the last quarter. Fox Run Management L.L.C. boosted its position in shares of Bright Horizons Family Solutions by 259.4% in the 4th quarter. Fox Run Management L.L.C. now owns 5,977 shares of the company’s stock valued at $663,000 after purchasing an additional 4,314 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Bright Horizons Family Solutions in the 4th quarter worth about $1,186,000. Finally, American Century Companies Inc. increased its stake in Bright Horizons Family Solutions by 29.5% in the 4th quarter. American Century Companies Inc. now owns 711,745 shares of the company’s stock worth $78,897,000 after purchasing an additional 162,278 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. StockNews.com upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. Jefferies Financial Group decreased their price objective on shares of Bright Horizons Family Solutions from $155.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. UBS Group cut their target price on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Morgan Stanley decreased their target price on Bright Horizons Family Solutions from $102.00 to $100.00 and set an “underweight” rating for the company in a research report on Tuesday, February 11th. Finally, BMO Capital Markets upped their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.67.

Insiders Place Their Bets

In other news, COO Mary Lou Burke sold 1,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total value of $124,690.00. Following the completion of the sale, the chief operating officer now directly owns 33,449 shares in the company, valued at approximately $4,170,755.81. The trade was a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $124.74, for a total transaction of $311,850.00. Following the completion of the transaction, the director now owns 22,757 shares in the company, valued at $2,838,708.18. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.22% of the company’s stock.

Bright Horizons Family Solutions Trading Down 1.4 %

NYSE:BFAM opened at $124.58 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market capitalization of $7.14 billion, a P/E ratio of 51.91 and a beta of 1.50. The stock’s 50 day moving average price is $123.44 and its 200 day moving average price is $123.24. Bright Horizons Family Solutions Inc. has a 52 week low of $100.59 and a 52 week high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.03). Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. On average, research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.