Chicago Capital LLC Has $1.93 Million Stock Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Chicago Capital LLC boosted its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 4.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 112,537 shares of the company’s stock after purchasing an additional 4,824 shares during the period. Chicago Capital LLC owned about 0.59% of Consensus Cloud Solutions worth $1,933,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Consensus Cloud Solutions by 13.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 269,965 shares of the company’s stock worth $7,076,000 after acquiring an additional 31,433 shares during the last quarter. Trexquant Investment LP acquired a new position in Consensus Cloud Solutions in the fourth quarter worth $923,000. Aristides Capital LLC bought a new position in Consensus Cloud Solutions in the 4th quarter worth approximately $252,000. PNC Financial Services Group Inc. lifted its holdings in Consensus Cloud Solutions by 132.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,691 shares of the company’s stock worth $44,000 after buying an additional 962 shares in the last quarter. Finally, Bridge City Capital LLC boosted its position in Consensus Cloud Solutions by 2.2% in the 1st quarter. Bridge City Capital LLC now owns 57,577 shares of the company’s stock valued at $913,000 after buying an additional 1,245 shares during the last quarter. 93.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CCSI. BTIG Research raised Consensus Cloud Solutions from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Wednesday, August 21st. Wedbush reiterated an “outperform” rating and set a $24.00 price target on shares of Consensus Cloud Solutions in a research report on Friday, May 10th. Finally, Oppenheimer raised their price objective on shares of Consensus Cloud Solutions from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, August 9th.

Consensus Cloud Solutions Trading Up 0.8 %

Shares of CCSI stock traded up $0.18 on Friday, reaching $22.70. The company had a trading volume of 119,566 shares, compared to its average volume of 266,987. The stock has a market cap of $436.29 million, a PE ratio of 5.01 and a beta of 1.38. The company has a 50-day moving average of $20.25 and a 200-day moving average of $17.39. Consensus Cloud Solutions, Inc. has a 12 month low of $11.62 and a 12 month high of $31.38.

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its earnings results on Thursday, August 8th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.11 by $0.15. The firm had revenue of $87.50 million during the quarter, compared to the consensus estimate of $87.10 million. Consensus Cloud Solutions had a net margin of 25.72% and a negative return on equity of 57.77%. Sell-side analysts anticipate that Consensus Cloud Solutions, Inc. will post 4.51 earnings per share for the current year.

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.