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

Cannon Global Investment Management LLC cut its holdings in Bright Horizons Family Solutions Inc. (NYSE:BFAM) by 67.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,100 shares of the company’s stock after selling 6,400 shares during the period. Cannon Global Investment Management LLC’s holdings in Bright Horizons Family Solutions were worth $344,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its position in shares of Bright Horizons Family Solutions by 0.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company’s stock valued at $1,463,000 after purchasing an additional 96 shares during the period. Accretive Wealth Partners LLC grew its holdings in Bright Horizons Family Solutions by 1.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company’s stock valued at $833,000 after buying an additional 111 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Bright Horizons Family Solutions by 2.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,425 shares of the company’s stock valued at $601,000 after acquiring an additional 113 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Bright Horizons Family Solutions by 0.9% during the 4th quarter. Arizona State Retirement System now owns 15,161 shares of the company’s stock worth $1,681,000 after acquiring an additional 129 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of Bright Horizons Family Solutions by 37.2% in the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company’s stock worth $75,000 after acquiring an additional 145 shares during the last quarter.

Insider Buying and Selling at Bright Horizons Family Solutions

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

Analyst Upgrades and Downgrades

BFAM has been the topic of several analyst reports. StockNews.com raised shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd. UBS Group lowered their price objective on Bright Horizons Family Solutions from $148.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Morgan Stanley reduced 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 note on Tuesday, February 11th. The Goldman Sachs Group reduced their price objective on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, December 27th. Finally, BMO Capital Markets upped their target price on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Bright Horizons Family Solutions currently has an average rating of “Moderate Buy” and an average price target of $137.67.

Bright Horizons Family Solutions Stock Down 1.4 %

NYSE:BFAM opened at $124.58 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average of $123.44 and a 200-day moving average of $123.24. The firm has a market capitalization of $7.14 billion, a PE ratio of 51.91 and a beta of 1.50. 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 issued its earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. Analysts predict that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Bright Horizons Family Solutions 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.