Los Angeles Capital Management LLC Sells 10,500 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Los Angeles Capital Management LLC decreased its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,333 shares of the company's stock after selling 10,500 shares during the quarter. Los Angeles Capital Management LLC owned about 0.27% of Consensus Cloud Solutions worth $1,249,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of Consensus Cloud Solutions during the 3rd quarter valued at $29,000. GAMMA Investing LLC grew its position in shares of Consensus Cloud Solutions by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 1,525 shares of the company's stock valued at $36,000 after acquiring an additional 653 shares during the period. R Squared Ltd purchased a new stake in shares of Consensus Cloud Solutions during the 4th quarter worth approximately $42,000. SG Americas Securities LLC raised its holdings 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 worth $179,000 after purchasing an additional 1,240 shares during the period. Finally, DGS Capital Management LLC purchased a new position in Consensus Cloud Solutions in the third quarter valued at approximately $209,000. Institutional investors own 93.93% of the company's stock.

Consensus Cloud Solutions Trading Down 0.2 %

Shares of NASDAQ:CCSI traded down $0.05 during trading on Wednesday, reaching $24.17. The company had a trading volume of 160,660 shares, compared to its average volume of 194,731. The company has a fifty day moving average of $26.20 and a two-hundred day moving average of $24.25. The stock has a market capitalization of $471.94 million, a P/E ratio of 5.23 and a beta of 1.45. Consensus Cloud Solutions, Inc. has a 12 month low of $11.62 and a 12 month high of $32.10.

Remove Ads

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last released 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). The firm had revenue of $86.98 million during 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, equities research analysts predict that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wedbush increased their price target on Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Citigroup increased their target price 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 boosted their price target on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Finally, BTIG Research raised their price objective on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $27.40.

Consensus Cloud Solutions 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.