Consolidated Press International Holdings Ltd. Purchases New Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Consolidated Press International Holdings Ltd. acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) during the 3rd quarter, Holdings Channel reports. The firm acquired 97,900 shares of the company’s stock, valued at approximately $1,082,000. CCC Intelligent Solutions accounts for about 0.2% of Consolidated Press International Holdings Ltd.’s investment portfolio, making the stock its 14th biggest position.

Other institutional investors also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its position in shares of CCC Intelligent Solutions by 153.0% during the third quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company’s stock worth $32,000 after purchasing an additional 1,729 shares during the last quarter. American International Group Inc. raised its stake in CCC Intelligent Solutions by 68.6% during the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after buying an additional 1,135 shares in the last quarter. CWM LLC raised its stake in CCC Intelligent Solutions by 352.6% during the second quarter. CWM LLC now owns 3,105 shares of the company’s stock valued at $34,000 after buying an additional 2,419 shares in the last quarter. Huntington National Bank lifted its holdings in CCC Intelligent Solutions by 37.6% during the 3rd quarter. Huntington National Bank now owns 5,852 shares of the company’s stock worth $65,000 after buying an additional 1,599 shares during the last quarter. Finally, Marco Investment Management LLC bought a new stake in shares of CCC Intelligent Solutions in the 3rd quarter valued at approximately $113,000. 95.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Rodney Christo sold 75,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $11.80, for a total value of $885,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mary Jo Prigge sold 19,276 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $12.67, for a total value of $244,226.92. Following the transaction, the insider now directly owns 97,268 shares of the company’s stock, valued at approximately $1,232,385.56. The trade was a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 443,153 shares of company stock valued at $5,390,863 in the last three months. 6.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock opened at $12.60 on Friday. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $9.79 and a 12-month high of $12.83. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 630.32, a price-to-earnings-growth ratio of 6.95 and a beta of 0.63. The business has a 50 day simple moving average of $11.24 and a 200 day simple moving average of $11.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping 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 business had revenue of $238.48 million during the quarter, compared to analyst estimates of $237.41 million. During the same period in the prior year, the company posted $0.03 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

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.