Shares of Cambium Learning Group, Inc. (NASDAQ:ABCD) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus target price of $15.50 for the company and are anticipating that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also given Cambium Learning Group an industry rank of 169 out of 255 based on the ratings given to its competitors.
ABCD has been the topic of several recent analyst reports. BidaskClub lowered Cambium Learning Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. Zacks Investment Research upgraded Cambium Learning Group from a “sell” rating to a “hold” rating in a report on Friday, June 15th.
ABCD stock opened at $12.07 on Wednesday. The company has a debt-to-equity ratio of -5.94, a quick ratio of 0.31 and a current ratio of 0.32. The stock has a market cap of $559.53 million, a price-to-earnings ratio of 28.07 and a beta of -0.70. Cambium Learning Group has a 1-year low of $5.19 and a 1-year high of $13.98.
Cambium Learning Group (NASDAQ:ABCD) last posted its earnings results on Monday, August 13th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The business had revenue of $41.00 million for the quarter, compared to the consensus estimate of $39.97 million. Cambium Learning Group had a negative return on equity of 70.40% and a net margin of 27.45%.
In other news, insider Paul Fonte sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $13.22, for a total value of $66,100.00. Following the sale, the insider now directly owns 5,000 shares in the company, valued at $66,100. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 71.00% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Northern Trust Corp lifted its holdings in shares of Cambium Learning Group by 4.4% in the second quarter. Northern Trust Corp now owns 154,877 shares of the company’s stock valued at $1,727,000 after purchasing an additional 6,571 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Cambium Learning Group by 24.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,350 shares of the company’s stock valued at $428,000 after purchasing an additional 7,425 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Cambium Learning Group by 53.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 27,600 shares of the company’s stock valued at $310,000 after purchasing an additional 9,600 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Cambium Learning Group in the first quarter valued at about $117,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Cambium Learning Group by 397.8% in the first quarter. The Manufacturers Life Insurance Company now owns 13,888 shares of the company’s stock valued at $156,000 after purchasing an additional 11,098 shares in the last quarter. Institutional investors own 21.94% of the company’s stock.
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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