CenterBook Partners LP Purchases 206,014 Shares of CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Key Points

• CenterBook Partners initiated a position in CCC Intelligent Solutions, buying 206,014 shares worth approximately $1.37 million in the third quarter. Institutional investors collectively own 95.79% of the company.
• CCC reported quarterly EPS of $0.13, beating the $0.06 consensus estimate, while revenue rose 10.1% year over year to $294.09 million.
• Analysts have a consensus Hold rating and an average price target of $8.79; shares recently opened at $7.69.

CenterBook Partners LP purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 206,014 shares of the company's stock, valued at approximately $1,372,000.

Several other large investors have also recently modified their holdings of the stock. Platform Technology Partners boosted its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 18.2% in the 3rd quarter. Platform Technology Partners now owns 14,180 shares of the company's stock worth $94,000 after purchasing an additional 2,182 shares in the last quarter. Central Pacific Bank Trust Division grew its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 5.1% during the 3rd quarter. Central Pacific Bank Trust Division now owns 47,800 shares of the company's stock valued at $318,000 after purchasing an additional 2,320 shares during the last quarter. Wedmont Private Capital grew its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 22.9% during the 2nd quarter. Wedmont Private Capital now owns 13,796 shares of the company's stock valued at $71,000 after purchasing an additional 2,568 shares during the last quarter. Empowered Funds LLC increased 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 valued at $135,000 after purchasing an additional 3,556 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 99.9% during the 2nd quarter. IFP Advisors Inc now owns 8,179 shares of the company's stock valued at $42,000 after purchasing an additional 4,088 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of CCC opened at $7.69 on Tuesday. The firm has a market cap of $4.55 billion, a PE ratio of 28.48, a P/E/G ratio of 2.83 and a beta of 0.38. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of $7.16 and a two-hundred day simple moving average of $6.09. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1-year low of $4.08 and a 1-year high of $8.68.

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

Analyst Ratings Changes

CCC has been the subject of several recent analyst reports. Barclays decreased their target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock from $8.00 to $7.75 and set an "equal weight" rating for the company in a report on Friday, October 16th. Wall Street Zen cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Barrington Research cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, October 15th. Truist Financial set a $7.75 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, October 16th. Finally, William Blair lowered 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. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, CCC Intelligent Solutions Holdings Inc. Common Stock currently 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 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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