Millennium Management LLC Trims Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Millennium Management LLC reduced its position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 38.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 169,704 shares of the company's stock after selling 105,012 shares during the period. Millennium Management LLC owned about 0.88% of Consensus Cloud Solutions worth $4,049,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd acquired a new stake in Consensus Cloud Solutions during the fourth quarter worth approximately $42,000. AlphaQuest LLC grew its holdings in shares of Consensus Cloud Solutions by 451.5% during the fourth quarter. AlphaQuest LLC now owns 2,173 shares of the company's stock worth $52,000 after purchasing an additional 1,779 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Consensus Cloud Solutions in the 4th quarter valued at about $81,000. BNP Paribas Financial Markets acquired a new stake in shares of Consensus Cloud Solutions in the 4th quarter valued at about $135,000. Finally, SG Americas Securities LLC increased its position in Consensus Cloud Solutions by 19.8% during the fourth quarter. SG Americas Securities LLC now owns 7,509 shares of the company's stock worth $179,000 after buying an additional 1,240 shares during the period. Institutional investors and hedge funds own 93.93% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer upped their price target on Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $27.40.

Consensus Cloud Solutions Stock Performance

NASDAQ CCSI traded up $0.69 during trading hours on Tuesday, reaching $21.88. The company's stock had a trading volume of 183,078 shares, compared to its average volume of 141,125. The stock has a market cap of $427.56 million, a PE ratio of 4.74 and a beta of 1.48. The company's 50-day moving average is $21.09 and its two-hundred day moving average is $23.87. Consensus Cloud Solutions, Inc. has a fifty-two week low of $15.81 and a fifty-two week high of $32.10.

Consensus Cloud Solutions Company Profile

Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. The company offers eFax Corporate, a digital cloud-fax technology; Unite, a single platform that allows the user to choose between various protocols to send and receive healthcare information and can integrate into an existing electronic health record system or stand-alone if no EHR is present.