GSA Capital Partners LLP grew its holdings in shares of Cambium Learning Group, Inc. (NASDAQ:ABCD) by 82.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 128,238 shares of the company’s stock after buying an additional 58,048 shares during the period. GSA Capital Partners LLP owned 0.27% of Cambium Learning Group worth $1,518,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in shares of Cambium Learning Group by 32.7% during the second quarter. Renaissance Technologies LLC now owns 1,510,400 shares of the company’s stock valued at $16,841,000 after buying an additional 372,600 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Cambium Learning Group by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,510,221 shares of the company’s stock valued at $16,839,000 after acquiring an additional 94,393 shares during the period. Cadence Capital Management LLC acquired a new position in shares of Cambium Learning Group during the third quarter valued at approximately $2,420,000. Swiss National Bank acquired a new position in shares of Cambium Learning Group during the second quarter valued at approximately $319,000. Finally, BlackRock Inc. increased its stake in shares of Cambium Learning Group by 25.3% during the second quarter. BlackRock Inc. now owns 748,945 shares of the company’s stock valued at $8,351,000 after acquiring an additional 151,128 shares during the period. 23.56% of the stock is currently owned by institutional investors.
In related news, insider Paul Fonte sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $14.47, for a total transaction of $72,350.00. Following the transaction, the insider now owns 5,000 shares in the company, valued at $72,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 72.20% of the stock is owned by company insiders.
NASDAQ ABCD opened at $14.46 on Friday. Cambium Learning Group, Inc. has a 12 month low of $5.19 and a 12 month high of $14.53. The company has a market cap of $683.96 million, a P/E ratio of 60.25 and a beta of -0.85.
Cambium Learning Group (NASDAQ:ABCD) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.12 EPS for the quarter, missing the Zacks’ 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 159.95%. The company had revenue of $44.73 million for the quarter, compared to analyst estimates of $44.75 million. Research analysts expect that Cambium Learning Group, Inc. will post 0.38 EPS for the current fiscal year.
A number of research analysts recently commented on the stock. B. Riley lowered shares of Cambium Learning Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $15.50 to $15.00 in a research note on Tuesday, October 16th. BidaskClub upgraded shares of Cambium Learning Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 10th. Finally, Zacks Investment Research upgraded shares of Cambium Learning Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 13th.
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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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