Zacks Investment Research cut shares of Cambium Learning Group (NASDAQ:ABCD) from a hold rating to a sell rating in a report published on Tuesday.

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 brokerages also recently weighed in on ABCD. BidaskClub downgraded Cambium Learning Group from a buy rating to a hold rating in a research report on Thursday, November 8th. B. Riley set a $15.00 target price on Cambium Learning Group and gave the stock a hold rating in a research report on Friday, November 2nd.

ABCD stock opened at $14.46 on Tuesday. Cambium Learning Group has a 12-month low of $5.19 and a 12-month high of $14.53. The stock has a market cap of $683.96 million, a price-to-earnings ratio of 60.25 and a beta of -0.85.

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 Thomson Reuters’ 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%. The company had revenue of $44.73 million during the quarter, compared to analysts’ expectations of $44.75 million. As a group, equities research analysts forecast that Cambium Learning Group will post 0.38 EPS for the current year.

In other news, insider Paul Fonte sold 5,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $14.47, for a total value of $72,350.00. Following the completion of the sale, the insider now owns 5,000 shares of the company’s stock, valued at $72,350. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 72.20% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Stone Ridge Asset Management LLC purchased a new stake in shares of Cambium Learning Group in the third quarter worth about $125,000. Victory Capital Management Inc. purchased a new stake in shares of Cambium Learning Group in the third quarter worth about $189,000. Virtu Financial LLC acquired a new position in shares of Cambium Learning Group in the third quarter worth about $210,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Cambium Learning Group in the third quarter worth about $258,000. Finally, First Trust Advisors LP acquired a new position in shares of Cambium Learning Group in the third quarter worth about $263,000. 23.56% of the stock is owned by institutional investors.

Cambium Learning Group Company 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.

Featured Article: What is intrinsic value?

Get a free copy of the Zacks research report on Cambium Learning Group (ABCD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.