Norman Fields Gottscho Capital Management LLC Increases Stock Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Norman Fields Gottscho Capital Management LLC increased its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 34.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 397,489 shares of the company's stock after purchasing an additional 101,885 shares during the period. CCC Intelligent Solutions makes up approximately 1.5% of Norman Fields Gottscho Capital Management LLC's portfolio, making the stock its 16th largest position. Norman Fields Gottscho Capital Management LLC owned about 0.06% of CCC Intelligent Solutions worth $4,663,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its position in shares of CCC Intelligent Solutions by 153.0% during the third quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company's stock worth $32,000 after acquiring an additional 1,729 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of CCC Intelligent Solutions by 286.9% during the fourth quarter. GAMMA Investing LLC now owns 3,343 shares of the company's stock worth $39,000 after buying an additional 2,479 shares during the period. Huntington National Bank boosted its position in shares of CCC Intelligent Solutions by 37.6% during the third quarter. Huntington National Bank now owns 5,852 shares of the company's stock worth $65,000 after buying an additional 1,599 shares during the period. Marco Investment Management LLC bought a new stake in CCC Intelligent Solutions during the third quarter worth approximately $113,000. Finally, KBC Group NV increased its holdings in shares of CCC Intelligent Solutions by 81.7% in the third quarter. KBC Group NV now owns 10,314 shares of the company's stock valued at $114,000 after buying an additional 4,637 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Stock Performance

NYSE:CCCS traded down $0.08 during mid-day trading on Tuesday, reaching $11.33. The company's stock had a trading volume of 3,896,680 shares, compared to its average volume of 2,992,245. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $9.79 and a 12-month high of $12.88. The stock has a market cap of $7.09 billion, a P/E ratio of 566.78, a PEG ratio of 6.80 and a beta of 0.72. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm's fifty day moving average price is $11.87 and its two-hundred day moving average price is $11.22.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The business had revenue of $238.48 million for the quarter, compared to analysts' expectations of $237.41 million. During the same period in the prior year, the firm earned $0.03 EPS. The company's revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

CCC Intelligent Solutions announced that its board has approved a stock buyback plan on Friday, December 20th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to purchase up to 4% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCCS. Morgan Stanley raised shares of CCC Intelligent Solutions from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $14.00 to $15.00 in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lifted their price target on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Piper Sandler reiterated a "neutral" rating and issued a $13.00 price objective on shares of CCC Intelligent Solutions in a research report on Wednesday, December 11th. Barrington Research restated an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. Finally, Barclays dropped their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.89.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, Director Crescenzo Neil E. De acquired 100,000 shares of the company's stock in a transaction on Friday, December 20th. The shares were bought at an average cost of $12.16 per share, with a total value of $1,216,000.00. Following the completion of the acquisition, the director now owns 100,000 shares in the company, valued at approximately $1,216,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Rodney Christo sold 75,000 shares of the business's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $11.80, for a total value of $885,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 443,153 shares of company stock valued at $5,390,863. 6.67% of the stock is currently owned by corporate insiders.

About CCC Intelligent Solutions

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.