CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Stock: Van Berkom & Associates Inc. Decreases Position

Key Points

• Van Berkom & Associates cut its CCC stake 5.9% in the third quarter, selling 831,373 shares; it still held 13.26 million shares worth about $88.3 million, its fourth-largest position.
• Other institutional investors made mixed moves, while hedge funds and other institutions collectively owned 95.79% of CCC’s shares.
• CCC reported quarterly EPS of $0.13, beating the $0.06 consensus, and revenue rose 10.1% year over year to $294.09 million. Analysts’ consensus rating was Hold, with an average price target of $8.79.

Van Berkom & Associates Inc. cut its position in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Free Report) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,258,614 shares of the company's stock after selling 831,373 shares during the period. CCC Intelligent Solutions Holdings Inc. Common Stock accounts for 3.1% of Van Berkom & Associates Inc.'s holdings, making the stock its 4th largest position. Van Berkom & Associates Inc. owned about 2.24% of CCC Intelligent Solutions Holdings Inc. Common Stock worth $88,302,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CCC. AlphaCore Capital LLC raised its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 211.0% in the 3rd quarter. AlphaCore Capital LLC now owns 38,003 shares of the company's stock valued at $253,000 after purchasing an additional 25,783 shares during the last quarter. Fulcrum Asset Management LLP acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the 3rd quarter worth $823,000. Ethic Inc. acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the 3rd quarter worth $176,000. Parallel Advisors LLC grew its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 46.1% during the third quarter. Parallel Advisors LLC now owns 6,038 shares of the company's stock worth $40,000 after buying an additional 1,904 shares in the last quarter. Finally, CenterBook Partners LP purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the third quarter worth $1,372,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Holdings Inc. Common Stock Trading Up 0.1%

CCC opened at $7.69 on Tuesday. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52 week low of $4.08 and a 52 week high of $8.68. The business has a fifty day simple moving average of $7.16 and a 200-day simple moving average of $6.09. The firm has a market cap of $4.55 billion, a P/E ratio of 59.15, a P/E/G ratio of 2.83 and a beta of 0.38. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.07. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 9.11% and a net margin of 6.54%. The firm had revenue of $294.09 million for the quarter. The company's revenue was up 10.1% on a year-over-year basis. On average, equities analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CCC. Jefferies Financial Group lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a "buy" rating to a "hold" rating and set a $7.75 price target on the stock. in a research report on Thursday, October 15th. CJS Securities cut CCC Intelligent Solutions Holdings Inc. Common Stock to a "market perform" rating in a report on Friday, October 16th. Weiss Ratings upgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Barclays reduced their target price on CCC Intelligent Solutions Holdings Inc. Common Stock from $8.00 to $7.75 and set an "equal weight" rating on the stock in a research report on Friday, October 16th. Finally, Citigroup boosted their price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the company a "neutral" rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, eight have issued 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 presently has an average rating of "Hold" and an average target price of $8.79.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

CCC Intelligent Solutions Holdings Inc provides cloud-based software and data solutions for the property and casualty insurance economy. Its platform supports workflows that connect insurers, collision repair facilities, automotive manufacturers, parts suppliers and other participants involved in vehicle claims.

The company's products help manage claims from initial reporting and damage assessment through repair estimates, parts sourcing and communications. Its tools also use artificial intelligence and data analytics to support decision-making and automate aspects of claims and repair processes.

Based in Chicago, CCC traces its roots to 1980 and serves customers primarily in the United States.

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