Citadel Advisors LLC acquired a new position in shares of Cambium Learning Group, Inc. (NASDAQ:ABCD) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 10,467 shares of the company’s stock, valued at approximately $117,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wasatch Advisors Inc. bought a new position in Cambium Learning Group during the first quarter worth $7,044,000. American Century Companies Inc. lifted its stake in Cambium Learning Group by 50.8% during the fourth quarter. American Century Companies Inc. now owns 23,378 shares of the company’s stock worth $133,000 after purchasing an additional 7,876 shares during the last quarter. SG Americas Securities LLC bought a new position in Cambium Learning Group during the fourth quarter worth $127,000. Buckhead Capital Management LLC bought a new position in Cambium Learning Group during the first quarter worth $120,000. Finally, Geode Capital Management LLC lifted its stake in Cambium Learning Group by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 121,603 shares of the company’s stock worth $689,000 after purchasing an additional 7,343 shares during the last quarter. Hedge funds and other institutional investors own 17.37% of the company’s stock.
Shares of Cambium Learning Group opened at $10.70 on Thursday, according to Marketbeat. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of -3.48. The firm has a market cap of $515.47 million, a P/E ratio of 24.88 and a beta of -0.93. Cambium Learning Group, Inc. has a 12-month low of $4.73 and a 12-month high of $13.77.
Cambium Learning Group (NASDAQ:ABCD) last posted its earnings results on Monday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $36.61 million for the quarter, compared to analysts’ expectations of $37.55 million. Cambium Learning Group had a negative return on equity of 48.67% and a net margin of 28.42%. analysts predict that Cambium Learning Group, Inc. will post 0.39 EPS for the current fiscal year.
Several brokerages recently issued reports on ABCD. Zacks Investment Research upgraded Cambium Learning Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. BidaskClub cut Cambium Learning Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 18th. ValuEngine upgraded Cambium Learning Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, B. Riley began coverage on Cambium Learning Group in a research note on Thursday, March 29th. They set a “buy” rating and a $12.50 price objective on the stock.
In other Cambium Learning Group news, CEO John F. Campbell sold 20,809 shares of the firm’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $9.82, for a total value of $204,344.38. Following the sale, the chief executive officer now directly owns 23,513 shares in the company, valued at $230,897.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Fonte sold 5,000 shares of the firm’s stock in a transaction on Friday, June 1st. The shares were sold at an average price of $10.02, for a total value of $50,100.00. Following the completion of the sale, the insider now owns 5,000 shares in the company, valued at $50,100. The disclosure for this sale can be found here. Insiders sold 57,809 shares of company stock worth $608,624 over the last quarter. 71.00% of the stock is currently owned by company insiders.
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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