CCC Intelligent Solutions Holdings Inc. $CCCS Stock Holdings Cut by Avenir Corp

Key Points

• Avenir Corp significantly reduced its holdings in CCC Intelligent Solutions Holdings Inc. by 95.9%, now owning only 71,780 shares worth $648,000 after selling over 1.6 million shares.
• Other institutional investors have increased their stakes in the company, with Teacher Retirement System of Texas boosting its position by 13.6%.
• CCC Intelligent Solutions recently reported $0.09 EPS, exceeding estimates, and recorded a revenue of $260.45 million, demonstrating a 12% increase compared to the previous year.

Avenir Corp reduced its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 95.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,780 shares of the company's stock after selling 1,664,727 shares during the quarter. Avenir Corp's holdings in CCC Intelligent Solutions were worth $648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its stake in CCC Intelligent Solutions by 13.6% during the 1st quarter. Teacher Retirement System of Texas now owns 184,804 shares of the company's stock valued at $1,669,000 after purchasing an additional 22,185 shares in the last quarter. GAMMA Investing LLC boosted its stake in CCC Intelligent Solutions by 644.2% during the 1st quarter. GAMMA Investing LLC now owns 24,878 shares of the company's stock valued at $225,000 after purchasing an additional 21,535 shares in the last quarter. Amalgamated Bank boosted its stake in CCC Intelligent Solutions by 4.9% during the 1st quarter. Amalgamated Bank now owns 24,885 shares of the company's stock valued at $225,000 after purchasing an additional 1,163 shares in the last quarter. KBC Group NV boosted its stake in CCC Intelligent Solutions by 26.0% during the 1st quarter. KBC Group NV now owns 20,261 shares of the company's stock valued at $183,000 after purchasing an additional 4,186 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in CCC Intelligent Solutions by 35.7% during the 1st quarter. Fifth Third Bancorp now owns 41,678 shares of the company's stock valued at $376,000 after purchasing an additional 10,957 shares in the last quarter. 95.79% of the stock is owned by institutional investors.

CCC Intelligent Solutions Stock Performance

CCCS opened at $9.68 on Wednesday. The firm has a market cap of $6.30 billion, a PE ratio of 484.24 and a beta of 0.74. The business has a fifty day simple moving average of $9.65 and a 200-day simple moving average of $9.38. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $260.45 million during the quarter, compared to analysts' expectations of $256.21 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.CCC Intelligent Solutions's revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Insider Transactions at CCC Intelligent Solutions

In other news, CAO Rodney Christo sold 5,302 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $9.76, for a total value of $51,747.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Wei sold 30,000,000 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $9.87, for a total value of $296,100,000.00. Following the completion of the sale, the director directly owned 866,345 shares of the company's stock, valued at approximately $8,550,825.15. This trade represents a 97.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,005,302 shares of company stock valued at $592,251,748 over the last quarter. Company insiders own 6.03% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CCCS. Barrington Research reaffirmed an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. JPMorgan Chase & Co. lowered CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price objective for the company. in a research note on Monday, June 23rd. Barclays raised their price objective on CCC Intelligent Solutions from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Piper Sandler reissued a "hold" rating and set a $10.00 price objective on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. Finally, The Goldman Sachs Group reduced their price objective on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $11.75.

About CCC Intelligent Solutions

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.

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