Kennondale Capital Management LLC Purchases Shares of 41,133 Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Kennondale Capital Management LLC bought a new stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 41,133 shares of the company's stock, valued at approximately $981,000. Kennondale Capital Management LLC owned approximately 0.21% of Consensus Cloud Solutions at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Consensus Cloud Solutions by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 1,525 shares of the company's stock valued at $36,000 after buying an additional 653 shares in the last quarter. R Squared Ltd acquired a new stake in Consensus Cloud Solutions in the fourth quarter valued at approximately $42,000. AlphaQuest LLC boosted its position in Consensus Cloud Solutions by 451.5% in the fourth quarter. AlphaQuest LLC now owns 2,173 shares of the company's stock valued at $52,000 after buying an additional 1,779 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Consensus Cloud Solutions by 19.8% during the fourth quarter. SG Americas Securities LLC now owns 7,509 shares of the company's stock worth $179,000 after purchasing an additional 1,240 shares during the period. Finally, DGS Capital Management LLC acquired a new position in shares of Consensus Cloud Solutions during the third quarter worth $209,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Analyst Upgrades and Downgrades

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

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Consensus Cloud Solutions Price Performance

NASDAQ CCSI traded down $1.04 during mid-day trading on Friday, reaching $23.65. 261,359 shares of the stock were exchanged, compared to its average volume of 160,156. Consensus Cloud Solutions, Inc. has a one year low of $11.62 and a one year high of $32.10. The stock has a 50 day simple moving average of $26.21 and a 200-day simple moving average of $24.37. The stock has a market cap of $461.79 million, a P/E ratio of 5.12 and a beta of 1.45.

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

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.