Brandywine Global Investment Management LLC acquired a new position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 65,490 shares of the company's stock, valued at approximately $1,563,000. Brandywine Global Investment Management LLC owned about 0.34% of Consensus Cloud Solutions as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Consensus Cloud Solutions by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 1,525 shares of the company's stock worth $36,000 after buying an additional 653 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Consensus Cloud Solutions by 5.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,560 shares of the company's stock valued at $562,000 after acquiring an additional 1,195 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Consensus Cloud Solutions by 19.8% in the 4th quarter. SG Americas Securities LLC now owns 7,509 shares of the company's stock valued at $179,000 after purchasing an additional 1,240 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Consensus Cloud Solutions by 4.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 27,553 shares of the company's stock valued at $657,000 after purchasing an additional 1,284 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Consensus Cloud Solutions during the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 93.93% of the company's stock.
Consensus Cloud Solutions Trading Down 4.0 %
Shares of CCSI stock traded down $0.83 during trading hours on Monday, hitting $19.67. The company's stock had a trading volume of 153,203 shares, compared to its average volume of 158,469. The stock has a market cap of $384.08 million, a PE ratio of 4.26 and a beta of 1.47. Consensus Cloud Solutions, Inc. has a 12-month low of $11.62 and a 12-month high of $32.10. The company has a 50 day moving average of $25.68 and a 200 day moving average of $24.41.
Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.19 by ($0.10). The business had revenue of $86.98 million for the quarter, compared to analyst estimates of $85.07 million. Consensus Cloud Solutions had a net margin of 25.52% and a negative return on equity of 83.93%. As a group, analysts anticipate that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have recently commented on CCSI. Oppenheimer lifted their price objective on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Citigroup lifted their price target on Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Consensus Cloud Solutions has a consensus rating of "Hold" and a consensus price target of $27.40.
Read Our Latest Analysis on CCSI
Consensus Cloud Solutions Company Profile
(
Free Report)
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.
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