Cambium Learning Group, Inc. (NASDAQ:ABCD) insider Paul Fonte sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $13.22, for a total transaction of $66,100.00. Following the completion of the transaction, the insider now directly owns 5,000 shares in the company, valued at approximately $66,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

ABCD traded down $0.24 during trading hours on Friday, hitting $12.37. The company’s stock had a trading volume of 83,523 shares, compared to its average volume of 151,184. Cambium Learning Group, Inc. has a 12 month low of $5.19 and a 12 month high of $13.98. The stock has a market capitalization of $595.91 million, a PE ratio of 28.77 and a beta of -0.78. The company has a debt-to-equity ratio of -5.94, a quick ratio of 0.31 and a current ratio of 0.32.

Cambium Learning Group (NASDAQ:ABCD) last announced its quarterly earnings results on Monday, August 13th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). Cambium Learning Group had a negative return on equity of 70.40% and a net margin of 27.45%. The business had revenue of $41.00 million during the quarter, compared to the consensus estimate of $39.97 million. research analysts forecast that Cambium Learning Group, Inc. will post 0.39 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. increased its position in 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 worth $428,000 after purchasing an additional 7,425 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Cambium Learning Group by 22.2% in the fourth quarter. TIAA CREF Investment Management LLC now owns 52,469 shares of the company’s stock worth $298,000 after purchasing an additional 9,520 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in 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 worth $310,000 after purchasing an additional 9,600 shares during the last quarter. Citadel Advisors LLC bought a new stake in Cambium Learning Group in the first quarter worth $117,000. Finally, The Manufacturers Life Insurance Company increased its position in 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 worth $156,000 after purchasing an additional 11,098 shares during the last quarter. Institutional investors own 21.94% of the company’s stock.

Several equities analysts have recently commented on ABCD shares. BidaskClub downgraded shares of Cambium Learning Group from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. Zacks Investment Research raised shares of Cambium Learning Group from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Thursday, August 16th.

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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