Strs Ohio increased its holdings in Cambium Learning Group, Inc. (NASDAQ:ABCD) by 29.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,200 shares of the company’s stock after purchasing an additional 18,200 shares during the quarter. Strs Ohio owned 0.17% of Cambium Learning Group worth $449,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ABCD. American Century Companies Inc. acquired a new position in Cambium Learning Group in the 3rd quarter worth about $103,000. Cornerstone Capital Management Holdings LLC. raised its holdings in Cambium Learning Group by 71.1% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 20,691 shares of the company’s stock worth $104,000 after purchasing an additional 8,600 shares during the period. Teachers Advisors LLC raised its holdings in Cambium Learning Group by 18.2% in the 2nd quarter. Teachers Advisors LLC now owns 22,811 shares of the company’s stock worth $116,000 after purchasing an additional 3,516 shares during the period. JPMorgan Chase & Co. acquired a new position in Cambium Learning Group in the 3rd quarter worth about $167,000. Finally, Cetera Investment Advisers acquired a new position in Cambium Learning Group in the 2nd quarter worth about $194,000. 14.11% of the stock is owned by institutional investors.
In other Cambium Learning Group news, CFO Barbara Benson sold 17,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $5.61, for a total transaction of $95,370.00. Following the completion of the transaction, the chief financial officer now owns 17,000 shares of the company’s stock, valued at $95,370. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John F. Campbell sold 15,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $5.53, for a total value of $82,950.00. Following the transaction, the chief executive officer now directly owns 17,704 shares of the company’s stock, valued at approximately $97,903.12. The disclosure for this sale can be found here. Insiders have sold 67,000 shares of company stock valued at $396,370 in the last three months. Insiders own 72.20% of the company’s stock.
Separately, BidaskClub raised Cambium Learning Group from a “hold” rating to a “buy” rating in a report on Saturday, January 13th.
Shares of Cambium Learning Group, Inc. (NASDAQ ABCD) traded down $0.49 during trading on Monday, hitting $7.13. The company’s stock had a trading volume of 60,400 shares, compared to its average volume of 114,652. Cambium Learning Group, Inc. has a fifty-two week low of $4.55 and a fifty-two week high of $7.84. The firm has a market capitalization of $332.76, a PE ratio of 19.27 and a beta of -0.61. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of -1.39.
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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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