CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Shares Sold by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC lessened its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 32.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 12,537 shares of the company’s stock after selling 6,070 shares during the period. Capstone Investment Advisors LLC’s holdings in CCC Intelligent Solutions were worth $139,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CCCS. Price T Rowe Associates Inc. MD grew its position in shares of CCC Intelligent Solutions by 63.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 169,261 shares of the company’s stock valued at $2,025,000 after purchasing an additional 65,743 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in CCC Intelligent Solutions by 53.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 129,606 shares of the company’s stock valued at $1,550,000 after buying an additional 45,364 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of CCC Intelligent Solutions by 13.5% in the 1st quarter. California State Teachers Retirement System now owns 251,079 shares of the company’s stock worth $3,003,000 after acquiring an additional 29,922 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of CCC Intelligent Solutions by 10.2% during the 1st quarter. Tidal Investments LLC now owns 18,626 shares of the company’s stock worth $223,000 after acquiring an additional 1,727 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of CCC Intelligent Solutions by 57.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 106,991 shares of the company’s stock valued at $1,280,000 after acquiring an additional 39,055 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock opened at $12.60 on Monday. The firm has a 50 day moving average of $11.28 and a two-hundred day moving average of $11.11. The stock has a market capitalization of $7.88 billion, a PE ratio of 630.32, a P/E/G ratio of 6.94 and a beta of 0.63. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $9.79 and a 52 week high of $12.83.

CCC Intelligent Solutions (NYSE:CCCS) last released its earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The firm had revenue of $238.48 million during the quarter, compared to analyst estimates of $237.41 million. During the same period last year, the business posted $0.03 earnings per share. CCC Intelligent Solutions’s revenue was up 7.8% compared to the same quarter last year. On average, research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Rodney Christo sold 75,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $11.80, for a total transaction of $885,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mary Jo Prigge sold 19,276 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $12.67, for a total value of $244,226.92. Following the sale, the insider now directly owns 97,268 shares in the company, valued at $1,232,385.56. This trade represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 443,153 shares of company stock worth $5,390,863. Company insiders own 6.67% of the company’s stock.

Analyst Upgrades and Downgrades

CCCS has been the subject of several recent analyst reports. Barrington Research restated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Barclays cut their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Morgan Stanley raised shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $14.00 to $15.00 in a research report on Wednesday, November 13th. Bank of America initiated coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They set a “buy” rating and a $15.00 price target for the company. Finally, JPMorgan Chase & Co. decreased their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.78.

About CCC Intelligent Solutions

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.