Wall Street Zen downgraded shares of Consensus Cloud Solutions (NASDAQ:CCSI - Free Report) from a buy rating to a hold rating in a research report report published on Saturday.
Consensus Cloud Solutions Stock Performance
Shares of NASDAQ CCSI traded down $0.08 during midday trading on Friday, reaching $23.66. 97,343 shares of the stock were exchanged, compared to its average volume of 137,185. The stock has a market capitalization of $462.32 million, a P/E ratio of 5.48 and a beta of 1.50. The company has a 50 day simple moving average of $22.46 and a 200 day simple moving average of $23.55. Consensus Cloud Solutions has a twelve month low of $16.15 and a twelve month high of $32.10.
Hedge Funds Weigh In On Consensus Cloud Solutions
Hedge funds have recently modified their holdings of the business. New South Capital Management Inc. lifted its position in Consensus Cloud Solutions by 100.1% in the first quarter. New South Capital Management Inc. now owns 354,241 shares of the company's stock valued at $8,176,000 after buying an additional 177,247 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Consensus Cloud Solutions by 632.6% in the 4th quarter. Prudential Financial Inc. now owns 111,870 shares of the company's stock valued at $2,669,000 after acquiring an additional 96,600 shares during the period. Gates Capital Management Inc. lifted its holdings in shares of Consensus Cloud Solutions by 4.8% in the 1st quarter. Gates Capital Management Inc. now owns 1,691,368 shares of the company's stock worth $39,037,000 after acquiring an additional 77,867 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Consensus Cloud Solutions by 3.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,453,463 shares of the company's stock worth $58,540,000 after acquiring an additional 72,589 shares during the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new position in shares of Consensus Cloud Solutions during the 4th quarter worth approximately $1,563,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.
About Consensus Cloud Solutions
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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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