ArrowMark Colorado Holdings LLC Has $46.30 Million Stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

ArrowMark Colorado Holdings LLC decreased its stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,940,602 shares of the company's stock after selling 46,329 shares during the quarter. ArrowMark Colorado Holdings LLC owned 10.05% of Consensus Cloud Solutions worth $46,303,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CCSI. GAMMA Investing LLC increased its stake in Consensus Cloud Solutions by 74.9% during the fourth 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 bought a new stake in shares of Consensus Cloud Solutions during the fourth quarter valued at approximately $42,000. AlphaQuest LLC increased its position in shares of Consensus Cloud Solutions by 451.5% during the fourth quarter. AlphaQuest LLC now owns 2,173 shares of the company's stock valued at $52,000 after purchasing an additional 1,779 shares during the period. Quantbot Technologies LP acquired a new position in shares of Consensus Cloud Solutions in the fourth quarter valued at $81,000. Finally, SG Americas Securities LLC lifted its position in Consensus Cloud Solutions by 19.8% in the fourth 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. Institutional investors and hedge funds own 93.93% of the company's stock.

Consensus Cloud Solutions Stock Performance

Shares of NASDAQ:CCSI opened at $20.85 on Friday. The company has a market capitalization of $407.43 million, a PE ratio of 4.51 and a beta of 1.47. The company's fifty day moving average is $22.02 and its 200-day moving average is $23.96. Consensus Cloud Solutions, Inc. has a 52 week low of $12.03 and a 52 week high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $85.07 million. On average, analysts forecast that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CCSI. Citigroup increased their price objective on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a "sell" rating in a research note on Friday, January 17th. Oppenheimer increased their price target on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $27.40.

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.

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