Zacks: Cambium Learning Group, Inc. (ABCD) Receives Consensus Rating of “Strong Buy” from Analysts

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Shares of Cambium Learning Group, Inc. (NASDAQ:ABCD) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus price objective of $15.50 for the company and are predicting that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also given Cambium Learning Group an industry rank of 121 out of 255 based on the ratings given to related companies.

A number of research firms recently weighed in on ABCD. BidaskClub upgraded Cambium Learning Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 24th. Zacks Investment Research upgraded Cambium Learning Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. Finally, ValuEngine upgraded Cambium Learning Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd.

NASDAQ:ABCD traded up $0.21 during mid-day trading on Friday, reaching $12.03. The stock had a trading volume of 107,201 shares, compared to its average volume of 147,698. The company has a market capitalization of $556.93 million, a price-to-earnings ratio of 40.76 and a beta of -1.02. Cambium Learning Group has a one year low of $4.99 and a one year high of $13.77. The company has a debt-to-equity ratio of -3.48, a current ratio of 0.27 and a quick ratio of 0.24.

Cambium Learning Group (NASDAQ:ABCD) last released its earnings results on Monday, May 14th. The company reported $0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.05. The company had revenue of $36.61 million during the quarter, compared to the consensus estimate of $37.55 million. Cambium Learning Group had a negative return on equity of 48.67% and a net margin of 28.42%. sell-side analysts anticipate that Cambium Learning Group will post 0.39 EPS for the current year.

In other Cambium Learning Group news, insider Paul Fonte sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 72.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in ABCD. Citadel Advisors LLC bought a new stake in Cambium Learning Group in the first quarter valued at approximately $117,000. Buckhead Capital Management LLC bought a new position in shares of Cambium Learning Group during the first quarter valued at approximately $120,000. GSA Capital Partners LLP bought a new position in shares of Cambium Learning Group during the first quarter valued at approximately $146,000. The Manufacturers Life Insurance Company raised its holdings in shares of Cambium Learning Group by 397.8% during the first quarter. The Manufacturers Life Insurance Company now owns 13,888 shares of the company’s stock valued at $156,000 after acquiring an additional 11,098 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Cambium Learning Group by 22.2% during the fourth quarter. TIAA CREF Investment Management LLC now owns 52,469 shares of the company’s stock valued at $298,000 after acquiring an additional 9,520 shares in the last quarter. Hedge funds and other institutional investors own 17.60% 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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