Bridgeway Capital Management LLC Grows Stake in Consensus Cloud Solutions, Inc. $CCSI

Key Points

• Bridgeway Capital Management LLC increased its stake in Consensus Cloud Solutions by 9.9%, acquiring a total of $3.36 million worth of shares.
• Consensus Cloud Solutions has received a recent upgrade from a "hold" to a "buy" rating from Wall Street Zen, with a consensus rating of "Hold" and an average price target of $27.40.
• The company's market cap stands at $508.85 million, with shares recently trading at around $26.81, showing a one-year low of $17.84 and a high of $32.10.

Bridgeway Capital Management LLC boosted its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 9.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,723 shares of the company's stock after acquiring an additional 13,108 shares during the quarter. Bridgeway Capital Management LLC owned 0.75% of Consensus Cloud Solutions worth $3,363,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CCSI. New South Capital Management Inc. increased its stake in 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 acquiring an additional 177,247 shares during the last quarter. Gates Capital Management Inc. increased its position in shares of Consensus Cloud Solutions by 4.8% during the 1st quarter. Gates Capital Management Inc. now owns 1,691,368 shares of the company's stock valued at $39,037,000 after purchasing an additional 77,867 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of 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 purchasing an additional 72,589 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Consensus Cloud Solutions by 7,727.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 54,712 shares of the company's stock valued at $1,305,000 after purchasing an additional 54,013 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Consensus Cloud Solutions during the 4th quarter valued at about $1,263,000. 93.93% of the stock is currently owned by institutional investors.

Consensus Cloud Solutions Stock Performance

CCSI stock traded down $0.67 during trading on Wednesday, hitting $27.01. 68,922 shares of the company traded hands, compared to its average volume of 144,815. The firm has a market capitalization of $512.65 million, a PE ratio of 6.51 and a beta of 1.51. Consensus Cloud Solutions, Inc. has a 1 year low of $17.84 and a 1 year high of $32.10. The company has a 50-day moving average of $23.62 and a 200-day moving average of $22.78.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Consensus Cloud Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $29.00.

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.