Cambium Learning Group (NASDAQ:ABCD) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.
Shares of Cambium Learning Group (NASDAQ:ABCD) opened at $7.06 on Friday. Cambium Learning Group has a 1 year low of $4.55 and a 1 year high of $7.30. The firm has a market capitalization of $329.49, a PE ratio of 19.08 and a beta of -0.61. The company has a debt-to-equity ratio of -1.39, a quick ratio of 0.49 and a current ratio of 0.51.
Cambium Learning Group (NASDAQ:ABCD) last released its earnings results on Tuesday, November 14th. The company reported $0.14 earnings per share for the quarter. Cambium Learning Group had a negative return on equity of 32.64% and a net margin of 11.25%. The business had revenue of $43.52 million for the quarter.
A number of hedge funds have recently added to or reduced their stakes in ABCD. Bank of New York Mellon Corp grew its position in Cambium Learning Group by 5.0% during the second quarter. Bank of New York Mellon Corp now owns 75,777 shares of the company’s stock worth $384,000 after buying an additional 3,624 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Cambium Learning Group by 18.2% during the second quarter. Teachers Advisors LLC now owns 22,811 shares of the company’s stock valued at $116,000 after purchasing an additional 3,516 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Cambium Learning Group by 12.1% during the second quarter. TIAA CREF Investment Management LLC now owns 42,949 shares of the company’s stock valued at $218,000 after purchasing an additional 4,620 shares in the last quarter. Northern Trust Corp boosted its holdings in Cambium Learning Group by 23.2% during the second quarter. Northern Trust Corp now owns 162,160 shares of the company’s stock valued at $822,000 after purchasing an additional 30,588 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Cambium Learning Group by 0.7% during the second quarter. Vanguard Group Inc. now owns 524,042 shares of the company’s stock valued at $2,657,000 after purchasing an additional 3,832 shares in the last quarter. 13.93% of the stock is currently owned by institutional investors and hedge funds.
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Cambium Learning Group Company Profile
Cambium Learning Group, Inc is an educational solutions and services company. The Company’s product lines include Learning A-Z (www.learninga-z.com), ExploreLearning (www.explorelearning.com), Voyager Sopris Learning (www.voyagersopris.com) and Kurzweil Education (www.kurzweiledu.com). It operates through three segments: Learning A-Z, Voyager Sopris Learning and ExploreLearning.
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