Cambium Learning Group, Inc. (ABCD) Stake Lessened by Strs Ohio

Strs Ohio trimmed its position in shares of Cambium Learning Group, Inc. (NASDAQ:ABCD) by 12.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,348 shares of the company’s stock after selling 8,452 shares during the quarter. Strs Ohio owned 0.12% of Cambium Learning Group worth $679,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC increased its stake 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 worth $16,841,000 after acquiring an additional 372,600 shares during the period. 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 worth $16,839,000 after acquiring an additional 94,393 shares during the period. GSA Capital Partners LLP increased its stake in shares of Cambium Learning Group by 437.6% during the second quarter. GSA Capital Partners LLP now owns 70,190 shares of the company’s stock worth $783,000 after acquiring an additional 57,135 shares during the period. Swiss National Bank acquired a new position in shares of Cambium Learning Group during the second quarter worth about $319,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Cambium Learning Group during the second quarter worth about $2,691,000. Institutional investors and hedge funds own 21.98% of the company’s stock.

In other Cambium Learning Group news, insider Paul Fonte sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $13.22, for a total transaction of $66,100.00. Following the transaction, the insider now directly owns 5,000 shares in the company, valued at $66,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 72.20% of the company’s stock.

Several research analysts have weighed in on the stock. B. Riley lowered shares of Cambium Learning Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $15.50 to $15.00 in a research report on Tuesday, October 16th. BidaskClub upgraded shares of Cambium Learning Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 24th. Finally, Zacks Investment Research lowered shares of Cambium Learning Group from a “hold” rating to a “sell” rating in a research report on Monday.

Shares of ABCD opened at $14.50 on Friday. Cambium Learning Group, Inc. has a twelve month low of $5.19 and a twelve month high of $14.53. The stock has a market cap of $680.65 million, a price-to-earnings ratio of 59.96 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 for the quarter, missing the consensus estimate of $0.13 by ($0.01). Cambium Learning Group had a negative return on equity of 159.95% and a net margin of 26.87%. Equities analysts anticipate that Cambium Learning Group, Inc. will post 0.38 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Cambium Learning Group, Inc. (ABCD) Stake Lessened by Strs Ohio” was reported by WKRB News and is the sole property of of WKRB News. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.wkrb13.com/2018/11/09/cambium-learning-group-inc-abcd-stake-lessened-by-strs-ohio.html.

Cambium Learning Group 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.

Further Reading: How Do You Make Money With Penny Stocks?

Want to see what other hedge funds are holding ABCD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cambium Learning Group, Inc. (NASDAQ:ABCD).

Institutional Ownership by Quarter for Cambium Learning Group (NASDAQ:ABCD)

Receive News & Ratings for Cambium Learning Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cambium Learning Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply