Ballast Asset Management LP Purchases Shares of 30,464 Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Ballast Asset Management LP purchased a new stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 30,464 shares of the company's stock, valued at approximately $727,000. Ballast Asset Management LP owned about 0.16% of Consensus Cloud Solutions at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CCSI. Janus Henderson Group PLC grew its holdings in shares of Consensus Cloud Solutions by 26.4% during the third quarter. Janus Henderson Group PLC now owns 2,380,874 shares of the company's stock valued at $56,070,000 after purchasing an additional 498,010 shares during the last quarter. Vanguard Group Inc. boosted its position in Consensus Cloud Solutions by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,511,942 shares of the company's stock valued at $36,075,000 after purchasing an additional 18,407 shares during the period. Heron Bay Capital Management grew its stake in Consensus Cloud Solutions by 3.5% during the 4th quarter. Heron Bay Capital Management now owns 965,314 shares of the company's stock worth $23,032,000 after buying an additional 32,482 shares during the last quarter. State Street Corp increased its position in Consensus Cloud Solutions by 15.1% in the third quarter. State Street Corp now owns 450,415 shares of the company's stock worth $10,607,000 after buying an additional 59,219 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Consensus Cloud Solutions by 1.3% in the third quarter. Geode Capital Management LLC now owns 421,123 shares of the company's stock valued at $9,920,000 after buying an additional 5,299 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.

Consensus Cloud Solutions Price Performance

Shares of NASDAQ CCSI traded down $1.23 during midday trading on Friday, reaching $20.50. 182,760 shares of the company traded hands, compared to its average volume of 158,490. The company has a market cap of $400.28 million, a price-to-earnings ratio of 4.44 and a beta of 1.47. The stock has a 50-day moving average price of $25.82 and a 200 day moving average price of $24.42. Consensus Cloud Solutions, Inc. has a 52 week low of $11.62 and a 52 week high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.19 by ($0.10). The company had revenue of $86.98 million for the quarter, compared to the consensus estimate of $85.07 million. Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. As a group, analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on CCSI. Citigroup upped their price target on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a research report on Friday, January 17th. Oppenheimer upped their target price on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat, Consensus Cloud Solutions currently has a consensus rating of "Hold" and an average target price of $27.40.

Consensus Cloud Solutions Company Profile

Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. The company offers eFax Corporate, a digital cloud-fax technology; Unite, a single platform that allows the user to choose between various protocols to send and receive healthcare information and can integrate into an existing electronic health record system or stand-alone if no EHR is present.