Jane Street Group LLC Decreases Stock Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Jane Street Group LLC decreased its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 75.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,424 shares of the company's stock after selling 96,996 shares during the period. Jane Street Group LLC owned about 0.16% of Consensus Cloud Solutions worth $740,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Consensus Cloud Solutions in the third quarter valued at approximately $29,000. National Bank of Canada FI purchased a new position in shares of Consensus Cloud Solutions in the second quarter worth $33,000. SG Americas Securities LLC acquired a new stake in shares of Consensus Cloud Solutions during the third quarter worth $148,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Consensus Cloud Solutions during the third quarter valued at $242,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Consensus Cloud Solutions in the 2nd quarter valued at $188,000. Hedge funds and other institutional investors own 93.93% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. downgraded Consensus Cloud Solutions from a "neutral" rating to an "underweight" rating and increased their price target for the stock from $19.00 to $21.00 in a research report on Monday, September 9th. Oppenheimer upped their price target on Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. BTIG Research upped their target price on Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Wedbush lifted their price target on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, Citigroup upped their price objective on shares of Consensus Cloud Solutions from $17.00 to $19.00 and gave the stock a "sell" rating in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Consensus Cloud Solutions presently has a consensus rating of "Hold" and an average target price of $26.20.

Consensus Cloud Solutions Stock Up 2.7 %

Shares of NASDAQ CCSI traded up $0.64 during midday trading on Friday, hitting $24.63. The stock had a trading volume of 100,443 shares, compared to its average volume of 90,422. The stock has a 50 day simple moving average of $24.25 and a 200-day simple moving average of $21.81. The company has a market capitalization of $475.46 million, a PE ratio of 5.39 and a beta of 1.42. Consensus Cloud Solutions, Inc. has a 1 year low of $11.62 and a 1 year high of $27.79.

About Consensus Cloud Solutions

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.