Cambium Learning Group (ABCD) Downgraded to “Hold” at BidaskClub

Cambium Learning Group (NASDAQ:ABCD) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

ABCD has been the subject of several other research reports. Zacks Investment Research downgraded Cambium Learning Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. B. Riley set a $15.00 target price on Cambium Learning Group and gave the stock a “hold” rating in a report on Friday, November 2nd.

NASDAQ ABCD traded up $0.07 during trading on Thursday, hitting $14.50. The company’s stock had a trading volume of 203,400 shares, compared to its average volume of 226,653. The company has a market cap of $680.65 million, a PE ratio of 33.72 and a beta of -0.82. Cambium Learning Group has a fifty-two week low of $5.19 and a fifty-two week high of $14.53.

Cambium Learning Group (NASDAQ:ABCD) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). Cambium Learning Group had a negative return on equity of 159.95% and a net margin of 26.87%. On average, analysts expect that Cambium Learning Group will post 0.38 EPS for the current year.

In related news, insider Paul Fonte sold 5,000 shares of Cambium Learning Group stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $13.22, for a total transaction of $66,100.00. Following the completion of the sale, the insider now owns 5,000 shares of the company’s stock, valued at $66,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 72.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Quantum Capital Management lifted its holdings in shares of Cambium Learning Group by 31.9% during the third quarter. Quantum Capital Management now owns 269,613 shares of the company’s stock worth $3,192,000 after purchasing an additional 65,161 shares during the period. JPMorgan Chase & Co. lifted its holdings in Cambium Learning Group by 107.7% in the third quarter. JPMorgan Chase & Co. now owns 128,356 shares of the company’s stock valued at $1,520,000 after acquiring an additional 66,565 shares during the period. Stone Ridge Asset Management LLC acquired a new position in Cambium Learning Group in the third quarter valued at approximately $125,000. American Century Companies Inc. lifted its holdings in Cambium Learning Group by 25.2% in the third quarter. American Century Companies Inc. now owns 66,137 shares of the company’s stock valued at $783,000 after acquiring an additional 13,295 shares during the period. Finally, Cadence Capital Management LLC acquired a new position in Cambium Learning Group in the third quarter valued at approximately $2,420,000. 21.98% of the stock is owned by hedge funds and other institutional investors.

About Cambium Learning Group

Cambium Learning Group, Inc provides educational technology solutions in the United States and internationally. It operates in three segments: Learning A-Z, ExploreLearning, and Voyager Sopris Learning. The Learning A-Z segment offers PreK-6 technology-enabled learning resources. It operates subscription-based Websites, including Reading A-Z, Raz-Kids, Headsprout, Science A-Z, Writing A-Z, Vocabulary A-Z, and ReadyTest A-Z that provide online supplemental books, lessons, assessments, and other instructional resources for individual classrooms, schools, and districts.

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