Bridgeway Capital Management LLC Acquires 25,000 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Bridgeway Capital Management LLC raised its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 23.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,615 shares of the company's stock after buying an additional 25,000 shares during the quarter. Bridgeway Capital Management LLC owned about 0.69% of Consensus Cloud Solutions worth $3,164,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CCSI. GAMMA Investing LLC boosted its position in shares of Consensus Cloud Solutions by 74.9% during the 4th 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 last quarter. R Squared Ltd purchased a new stake in shares of Consensus Cloud Solutions during the 4th quarter worth $42,000. AlphaQuest LLC increased its stake 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 purchased a new position in Consensus Cloud Solutions in the fourth quarter valued at approximately $81,000. Finally, BNP Paribas Financial Markets purchased a new position in Consensus Cloud Solutions in the fourth quarter valued at approximately $135,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Analyst Upgrades and Downgrades

CCSI has been the subject of several recent research reports. Citigroup increased their price target on Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a report on Friday, January 17th. Oppenheimer increased their price target on Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Consensus Cloud Solutions has an average rating of "Hold" and a consensus price target of $27.40.

Consensus Cloud Solutions Trading Down 0.9%

Shares of NASDAQ:CCSI traded down $0.21 during midday trading on Wednesday, hitting $22.99. 62,537 shares of the stock were exchanged, compared to its average volume of 144,990. The stock has a market cap of $449.25 million, a P/E ratio of 4.98 and a beta of 1.48. Consensus Cloud Solutions, Inc. has a twelve month low of $15.81 and a twelve month high of $32.10. The company has a 50 day moving average price of $21.62 and a 200-day moving average price of $24.05.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.10). The firm 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%. On average, equities research analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current year.

Consensus Cloud Solutions Company 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.