Nuveen LLC Buys Shares of 45,397 Consensus Cloud Solutions, Inc. $CCSI

Nuveen LLC bought a new stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 45,397 shares of the company's stock, valued at approximately $1,048,000. Nuveen LLC owned approximately 0.23% of Consensus Cloud Solutions at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its stake in Consensus Cloud Solutions by 3.0% during the 4th quarter. Janus Henderson Group PLC now owns 2,453,463 shares of the company's stock valued at $58,540,000 after acquiring an additional 72,589 shares in the last quarter. Gates Capital Management Inc. raised its stake in Consensus Cloud Solutions by 1.0% during the 4th quarter. Gates Capital Management Inc. now owns 1,613,501 shares of the company's stock valued at $38,498,000 after acquiring an additional 16,245 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Consensus Cloud Solutions by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 1,562,117 shares of the company's stock worth $36,054,000 after buying an additional 50,175 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Consensus Cloud Solutions by 2.0% in the 4th quarter. AQR Capital Management LLC now owns 629,377 shares of the company's stock worth $14,935,000 after buying an additional 12,332 shares in the last quarter. Finally, New South Capital Management Inc. raised its stake in shares of Consensus Cloud Solutions by 100.1% in the 1st quarter. New South Capital Management Inc. now owns 354,241 shares of the company's stock worth $8,176,000 after buying an additional 177,247 shares in the last quarter. Institutional investors own 93.93% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Consensus Cloud Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Three equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $27.40.

Consensus Cloud Solutions Trading Up 1.1%

Shares of NASDAQ CCSI traded up $0.29 during mid-day trading on Thursday, reaching $26.68. The company had a trading volume of 82,892 shares, compared to its average volume of 146,284. The stock has a market cap of $506.39 million, a PE ratio of 6.43 and a beta of 1.51. The company has a 50-day moving average price of $23.32 and a two-hundred day moving average price of $22.82. Consensus Cloud Solutions, Inc. has a 1-year low of $17.84 and a 1-year high of $32.10.

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.