CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Shares Sold by Sterling Capital Management LLC

Key Points

• Sterling Capital Management cut its CCC stake by 90.4% in the third quarter, selling 149,685 shares and retaining 15,811 shares valued at approximately $105,000.
• Institutional ownership remains high at 95.79%, with several investors—including Reinhart Partners and Wellington Management—initiating or increasing positions.
• CCC reported quarterly EPS of $0.13, beating estimates of $0.06, while revenue rose 10.1% year over year to $294.09 million. Analysts’ consensus rating is Hold, with an average price target of $8.79.

Sterling Capital Management LLC lowered its position in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Free Report) by 90.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,811 shares of the company's stock after selling 149,685 shares during the period. Sterling Capital Management LLC's holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $105,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Reinhart Partners LLC. bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the third quarter worth about $41,941,000. Wellington Management Group LLP bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the second quarter worth about $17,869,000. London Co. of Virginia increased its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 52.5% in the first quarter. London Co. of Virginia now owns 8,741,590 shares of the company's stock worth $52,450,000 after acquiring an additional 3,007,687 shares in the last quarter. Alfreton Capital LLP raised its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 22.5% during the first quarter. Alfreton Capital LLP now owns 10,778,074 shares of the company's stock worth $64,668,000 after purchasing an additional 1,978,074 shares during the period. Finally, Van Berkom & Associates Inc. raised its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% during the first quarter. Van Berkom & Associates Inc. now owns 13,515,096 shares of the company's stock worth $81,091,000 after purchasing an additional 1,814,248 shares during the period. Institutional investors and hedge funds own 95.79% of the company's stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

CCC stock opened at $7.68 on Tuesday. The stock has a 50-day moving average price of $7.14 and a two-hundred day moving average price of $6.03. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1 year low of $4.08 and a 1 year high of $8.69. The stock has a market cap of $4.52 billion, a PE ratio of 59.08 and a beta of 0.47. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.07. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%. The company had revenue of $294.09 million for the quarter. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Jefferies Financial Group cut CCC Intelligent Solutions Holdings Inc. Common Stock from a "buy" rating to a "hold" rating and set a $7.75 price objective on the stock. in a report on Thursday, October 15th. Barrington Research cut CCC Intelligent Solutions Holdings Inc. Common Stock from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, October 15th. William Blair downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 15th. CJS Securities downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock to a "market perform" rating in a report on Friday, October 16th. Finally, Truist Financial set a $7.75 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Friday, October 16th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, CCC Intelligent Solutions Holdings Inc. Common Stock has a consensus rating of "Hold" and a consensus target price of $8.79.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services for the property and casualty insurance economy. Its platform helps insurers, automotive repairers, automakers, parts suppliers and other industry participants manage vehicle claims and related workflows.

The company's products support collision estimating, claims management, digital imaging, repair planning, payments, parts and supplier connectivity, and data-driven decision-making. CCC also uses artificial intelligence, analytics and automation to help customers improve claims processing, estimate vehicle damage, coordinate repairs and communicate with policyholders and service providers.

CCC's business grew from CCC Information Services, a company established in 1980 to provide information and technology solutions to the automotive insurance and repair industries.

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