Cannon Global Investment Management LLC Sells 6,400 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Cannon Global Investment Management LLC lessened its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 67.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake 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 purchasing an additional 101,151 shares during the period. William Blair Investment Management LLC grew its holdings in Bright Horizons Family Solutions by 29.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,370,336 shares of the company's stock valued at $262,752,000 after buying an additional 532,644 shares in the last quarter. State Street Corp grew its holdings in Bright Horizons Family Solutions by 0.4% during the 3rd quarter. State Street Corp now owns 999,263 shares of the company's stock valued at $140,027,000 after buying an additional 3,970 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Bright Horizons Family Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 924,832 shares of the company's stock valued at $129,633,000 after buying an additional 7,597 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Bright Horizons Family Solutions in the fourth quarter worth about $79,578,000.

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Bright Horizons Family Solutions Trading Down 1.8 %

NYSE:BFAM traded down $2.35 during trading hours on Friday, reaching $126.63. The company's stock had a trading volume of 344,912 shares, compared to its average volume of 420,287. 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 firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 52.76 and a beta of 1.50. The firm has a 50-day simple moving average of $124.47 and a 200-day simple moving average of $123.02. Bright Horizons Family Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $141.90.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.88 EPS 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%. Research analysts expect that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on BFAM. 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 for the company in a research note on Friday, December 27th. StockNews.com raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. Morgan Stanley lowered their price objective on Bright Horizons Family Solutions from $102.00 to $100.00 and set an "underweight" rating on the stock in a research report on Tuesday, February 11th. UBS Group reduced their target price on Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Finally, BMO Capital Markets raised their price target on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Bright Horizons Family Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $137.67.

Insiders Place Their Bets

In other news, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 22,757 shares of the company's stock, valued at approximately $2,838,708.18. This represents a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Mary Lou Burke sold 1,000 shares of Bright Horizons Family Solutions stock in a transaction on 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 transaction, 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 disclosure for this sale can be found here. Insiders own 1.22% of the company's stock.

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.