CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Shares Purchased by Ancora Advisors LLC

Key Points

• Ancora Advisors nearly doubled its CCC position in the second quarter, purchasing 577,050 additional shares to hold 1.20 million shares, or 0.20% of the company. Institutional investors collectively own 95.79% of CCC.
• Analyst sentiment is mixed, with three Buy ratings, one Hold and one Sell; the consensus rating is Hold with an average price target of $9.12.
• CCC reported quarterly EPS of $0.10, beating estimates of $0.05, while revenue reached $285.93 million, up 9.8% year over year. Shares opened at $7.24, with a 52-week range of $4.08 to $9.91.

Ancora Advisors LLC raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Free Report) by 92.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,202,870 shares of the company's stock after purchasing an additional 577,050 shares during the period. Ancora Advisors LLC owned 0.20% of CCC Intelligent Solutions Holdings Inc. Common Stock worth $6,207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Empowered Funds LLC grew its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 18.8% during the 1st quarter. Empowered Funds LLC now owns 22,519 shares of the company's stock worth $135,000 after buying an additional 3,556 shares during the last quarter. Root Financial Partners LLC boosted its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% during the first quarter. Root Financial Partners LLC now owns 4,858 shares of the company's stock worth $29,000 after buying an additional 4,644 shares in the last quarter. Associated Banc Corp increased its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 33.0% in the 1st quarter. Associated Banc Corp now owns 22,368 shares of the company's stock valued at $134,000 after purchasing an additional 5,544 shares in the last quarter. Essential Partners LLC acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter valued at $38,000. Finally, Pictet Asset Management Holding SA raised its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 8.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 83,807 shares of the company's stock worth $503,000 after buying an additional 6,354 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCC. Jefferies Financial Group set a $7.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 30th. Weiss Ratings restated a "sell (d+)" rating on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Friday, July 31st. Citigroup raised their price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Stifel Nicolaus restated a "buy" rating and issued a $9.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Finally, Wall Street Zen lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, CCC Intelligent Solutions Holdings Inc. Common Stock has a consensus rating of "Hold" and an average price target of $9.12.

CCC Intelligent Solutions Holdings Inc. Common Stock Trading Down 2.9%

NASDAQ CCC opened at $7.24 on Wednesday. The firm has a market cap of $4.26 billion, a P/E ratio of 90.51 and a beta of 0.48. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71. The business's 50-day moving average is $6.30. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1 year low of $4.08 and a 1 year high of $9.91.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The company had revenue of $285.93 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%.The company's revenue was up 9.8% compared to the same quarter last year. Research analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current fiscal year.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company's SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.

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