AQR Capital Management LLC Purchases 12,332 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

AQR Capital Management LLC increased its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 629,377 shares of the company's stock after acquiring an additional 12,332 shares during the quarter. AQR Capital Management LLC owned about 3.26% of Consensus Cloud Solutions worth $14,935,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Consensus Cloud Solutions by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,511,942 shares of the company's stock valued at $36,075,000 after buying an additional 18,407 shares in the last quarter. Heron Bay Capital Management increased its holdings in Consensus Cloud Solutions by 3.5% during the fourth quarter. Heron Bay Capital Management now owns 965,314 shares of the company's stock worth $23,032,000 after buying an additional 32,482 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Consensus Cloud Solutions by 8.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 271,289 shares of the company's stock worth $6,473,000 after buying an additional 20,271 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Consensus Cloud Solutions by 14.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 226,320 shares of the company's stock worth $5,400,000 after buying an additional 28,569 shares during the last quarter. Finally, Denali Advisors LLC increased its holdings in shares of Consensus Cloud Solutions by 36.8% in the fourth quarter. Denali Advisors LLC now owns 204,932 shares of the company's stock valued at $4,890,000 after purchasing an additional 55,174 shares during the last quarter. Institutional investors own 93.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup upped their price objective on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a "sell" rating in a report on Friday, January 17th. Oppenheimer upped their price target on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $27.40.

Consensus Cloud Solutions Trading Up 0.6%

Consensus Cloud Solutions stock traded up $0.13 during trading hours on Friday, reaching $22.51. 194,455 shares of the stock were exchanged, compared to its average volume of 145,949. The company has a market cap of $439.87 million, a P/E ratio of 4.87 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 stock has a 50 day moving average of $21.64 and a two-hundred day moving average of $24.03.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last posted its 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). The company had revenue of $86.98 million during the quarter, compared to the consensus estimate 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, analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal year.

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.