Cambium Learning Group (ABCD) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of Cambium Learning Group (NASDAQ:ABCD) from a hold rating to a sell rating in a research report report published on Monday morning.

According to Zacks, “Cambium Learning Group is an educational solutions and services company. The company is composed of four business units: Learning A-Z (www.learninga-z.com), Explore Learning (www.explorelearning.com), Kurzweil Education (www.kurzweiledu.com), and Voyager Sopris Learning (www.voyagersopris.com). “

Several other brokerages have also recently issued reports on ABCD. B. Riley set a $15.00 target price on shares of Cambium Learning Group and gave the company a hold rating in a report on Friday. BidaskClub upgraded shares of Cambium Learning Group from a hold rating to a buy rating in a research note on Friday, October 26th.

Shares of Cambium Learning Group stock traded down $0.07 during trading hours on Monday, hitting $14.37. The company had a trading volume of 10,379 shares, compared to its average volume of 541,324. Cambium Learning Group has a twelve month low of $5.19 and a twelve month high of $14.53. The stock has a market cap of $682.87 million, a price-to-earnings ratio of 33.44 and a beta of -0.82.

Cambium Learning Group (NASDAQ:ABCD) last issued its earnings results on Thursday, November 1st. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). Cambium Learning Group had a net margin of 26.87% and a negative return on equity of 159.87%. Analysts expect that Cambium Learning Group will post 0.38 earnings per share for the current year.

In related news, insider Paul Fonte sold 5,000 shares of the stock in a transaction on Tuesday, September 4th. The shares were 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 in the company, valued at approximately $66,100. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 71.00% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its stake in Cambium Learning Group by 397.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 13,888 shares of the company’s stock worth $156,000 after purchasing an additional 11,098 shares during the period. Victory Capital Management Inc. acquired a new stake in Cambium Learning Group during the 3rd quarter worth $189,000. First Trust Advisors LP acquired a new stake in Cambium Learning Group during the 3rd quarter worth $263,000. Schwab Charles Investment Management Inc. boosted its stake in Cambium Learning Group by 53.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 27,600 shares of the company’s stock worth $310,000 after purchasing an additional 9,600 shares during the period. Finally, Swiss National Bank acquired a new stake in Cambium Learning Group during the 2nd quarter worth $319,000. Hedge funds and other institutional investors own 21.98% of the company’s stock.

Cambium Learning Group Company Profile

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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