Zacks Investment Research upgraded shares of Cambium Learning Group (NASDAQ:ABCD) from a hold rating to a buy rating in a report released on Thursday morning. They currently have $14.00 price objective on the stock.

According to Zacks, “Cambium Learning Group is an educational solutions and services company. The company is composed of four business units: Learning A-Z (www.learninga-z.com), Explore Learning (www.explorelearning.com), Kurzweil Education (www.kurzweiledu.com), and Voyager Sopris Learning (www.voyagersopris.com). “

Several other analysts have also commented on ABCD. ValuEngine raised shares of Cambium Learning Group from a hold rating to a buy rating in a research report on Wednesday, May 2nd. BidaskClub lowered shares of Cambium Learning Group from a strong-buy rating to a buy rating in a research report on Monday, June 18th.

ABCD stock traded down $0.12 during mid-day trading on Thursday, hitting $13.09. The company had a trading volume of 7,275 shares, compared to its average volume of 212,980. The firm has a market cap of $566.82 million, a price-to-earnings ratio of 30.53 and a beta of -1.02. The company has a debt-to-equity ratio of -3.48, a quick ratio of 0.24 and a current ratio of 0.27. Cambium Learning Group has a 12 month low of $5.00 and a 12 month high of $13.77.

Cambium Learning Group (NASDAQ:ABCD) last announced its quarterly earnings data on Monday, August 13th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $41.00 million during the quarter, compared to the consensus estimate of $39.97 million. Cambium Learning Group had a negative return on equity of 48.67% and a net margin of 28.42%. analysts forecast that Cambium Learning Group will post 0.39 earnings per share for the current year.

In other Cambium Learning Group news, insider Paul Fonte sold 5,000 shares of Cambium Learning Group stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $10.02, for a total value of $50,100.00. Following the sale, the insider now owns 5,000 shares of the company’s stock, valued at $50,100. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 71.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ABCD. Geode Capital Management LLC raised its position in shares of Cambium Learning Group by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 121,603 shares of the company’s stock valued at $689,000 after purchasing an additional 7,343 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of 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 valued at $298,000 after purchasing an additional 9,520 shares during the period. Millennium Management LLC raised its position in shares of Cambium Learning Group by 112.0% in the fourth quarter. Millennium Management LLC now owns 63,872 shares of the company’s stock valued at $363,000 after purchasing an additional 33,739 shares during the period. Wasatch Advisors Inc. bought a new stake in shares of Cambium Learning Group in the first quarter valued at approximately $7,044,000. Finally, Wells Fargo & Company MN raised its position in shares of Cambium Learning Group by 634.8% in the first quarter. Wells Fargo & Company MN now owns 143,212 shares of the company’s stock valued at $1,605,000 after purchasing an additional 123,723 shares during the period. 18.01% of the stock is currently owned by institutional investors.

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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