AQR Capital Management LLC Sells 81,911 Shares of Consensus Cloud Solutions, Inc. $CCSI

Key Points

• AQR Capital Management LLC has reduced its stake in Consensus Cloud Solutions, Inc. by 13.0%, selling 81,911 shares to hold a total of 547,466 shares valued at approximately $12.6 million.
• Consensus Cloud Solutions has seen a positive rating boost, with Wall Street Zen upgrading its stock from "hold" to "buy", while the average analyst target price stands at $29.00.
• Institutional investors dominate ownership, holding approximately 93.93% of the company's stock, indicating strong institutional interest in Consensus Cloud Solutions.

AQR Capital Management LLC lowered its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 13.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 547,466 shares of the company's stock after selling 81,911 shares during the quarter. AQR Capital Management LLC owned 2.80% of Consensus Cloud Solutions worth $12,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CCSI. BNP Paribas Financial Markets acquired a new position in shares of Consensus Cloud Solutions in the fourth quarter valued at approximately $135,000. Pallas Capital Advisors LLC acquired a new position in shares of Consensus Cloud Solutions in the first quarter valued at approximately $213,000. Federated Hermes Inc. increased its stake in shares of Consensus Cloud Solutions by 20.2% in the first quarter. Federated Hermes Inc. now owns 9,327 shares of the company's stock valued at $215,000 after buying an additional 1,565 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Consensus Cloud Solutions in the first quarter valued at approximately $231,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Consensus Cloud Solutions by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,342 shares of the company's stock valued at $247,000 after buying an additional 456 shares during the period. Institutional investors and hedge funds 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 research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $29.00.

Consensus Cloud Solutions Trading Up 1.4%

CCSI stock traded up $0.40 during trading on Monday, hitting $28.02. The company had a trading volume of 85,301 shares, compared to its average volume of 104,786. The stock has a market cap of $531.82 million, a PE ratio of 6.75 and a beta of 1.51. Consensus Cloud Solutions, Inc. has a one year low of $17.84 and a one year high of $32.10. The business has a 50-day moving average of $23.97 and a 200-day moving average of $22.79.

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.