ArrowMark Colorado Holdings LLC Has $46.30 Million Stock Position 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 fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,940,602 shares of the company's stock after selling 46,329 shares during the period. ArrowMark Colorado Holdings LLC owned 10.05% of Consensus Cloud Solutions worth $46,303,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Consensus Cloud Solutions by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 1,525 shares of the company's stock worth $36,000 after purchasing an additional 653 shares during the last quarter. R Squared Ltd bought a new position in Consensus Cloud Solutions in the fourth quarter valued at approximately $42,000. AlphaQuest LLC increased its holdings in Consensus Cloud Solutions by 451.5% in 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 last quarter. Quantbot Technologies LP bought a new stake in shares of Consensus Cloud Solutions in the 4th quarter valued at about $81,000. Finally, SG Americas Securities LLC raised its holdings 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. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCSI has been the topic of a number of research analyst reports. Citigroup raised their price target on 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 raised their target price on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the company 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 given a buy rating to the stock. According to data from MarketBeat, Consensus Cloud Solutions currently has an average rating of "Hold" and an average price target of $27.40.

Consensus Cloud Solutions Trading Up 3.0 %

NASDAQ CCSI traded up $0.66 on Thursday, hitting $22.97. 185,610 shares of the company's stock were exchanged, compared to its average volume of 141,748. Consensus Cloud Solutions, Inc. has a 52 week low of $14.78 and a 52 week high of $32.10. The stock has a 50-day moving average of $21.74 and a 200-day moving average of $23.96. The stock has a market cap of $448.86 million, a price-to-earnings ratio of 4.97 and a beta of 1.48.

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

Consensus Cloud Solutions 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.