Trexquant Investment LP Sells 50,889 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Trexquant Investment LP lowered its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 55.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 41,695 shares of the company's stock after selling 50,889 shares during the period. Trexquant Investment LP owned about 0.22% of Consensus Cloud Solutions worth $995,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp grew its position in shares of Consensus Cloud Solutions by 15.1% in the 3rd quarter. State Street Corp now owns 450,415 shares of the company's stock valued at $10,607,000 after buying an additional 59,219 shares during the last quarter. Barclays PLC raised its holdings in Consensus Cloud Solutions by 275.8% during the 3rd quarter. Barclays PLC now owns 23,618 shares of the company's stock worth $556,000 after purchasing an additional 17,333 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Consensus Cloud Solutions by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 421,123 shares of the company's stock worth $9,920,000 after purchasing an additional 5,299 shares during the period. DGS Capital Management LLC acquired a new stake in shares of Consensus Cloud Solutions during the third quarter worth $209,000. Finally, JPMorgan Chase & Co. raised its stake in Consensus Cloud Solutions by 223.1% during the third quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company's stock worth $4,650,000 after buying an additional 136,349 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Consensus Cloud Solutions Price Performance

Shares of Consensus Cloud Solutions stock traded down $0.13 on Wednesday, reaching $18.99. 21,077 shares of the company traded hands, compared to its average volume of 156,430. The firm has a market capitalization of $370.70 million, a PE ratio of 4.11 and a beta of 1.47. The company has a 50 day moving average of $24.23 and a 200 day moving average of $24.20. Consensus Cloud Solutions, Inc. has a 52 week low of $11.62 and a 52 week high of $32.10.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on CCSI. Citigroup raised their price objective 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 objective on Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, Consensus Cloud Solutions currently has an average rating of "Hold" and an average target price of $27.40.

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.