Dynamic Technology Lab Private Ltd Purchases Shares of 15,666 Consensus Cloud Solutions, Inc. $CCSI

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new position in Consensus Cloud Solutions, Inc. by purchasing 15,666 shares valued at approximately $362,000, representing about 0.08% ownership.
• Several institutional investors have also increased their holdings, with Gates Capital Management boosting its stake by 4.8%, making it the largest shareholder with over $39 million invested.
• Wall Street analysts recently upgraded Consensus Cloud Solutions from a "hold" to a "buy" rating, reflecting growing confidence in the company's performance with a consensus target price of $29.00.

Dynamic Technology Lab Private Ltd acquired a new position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,666 shares of the company's stock, valued at approximately $362,000. Dynamic Technology Lab Private Ltd owned 0.08% of Consensus Cloud Solutions as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCSI. Allspring Global Investments Holdings LLC acquired a new stake in shares of Consensus Cloud Solutions during the first quarter worth approximately $287,000. Exchange Traded Concepts LLC lifted its position in Consensus Cloud Solutions by 4,751.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 14,748 shares of the company's stock worth $340,000 after buying an additional 14,444 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Consensus Cloud Solutions by 2,327.5% during the 1st quarter. GAMMA Investing LLC now owns 37,020 shares of the company's stock valued at $854,000 after buying an additional 35,495 shares during the period. Cerity Partners LLC grew its holdings in shares of Consensus Cloud Solutions by 3.6% during the 1st quarter. Cerity Partners LLC now owns 59,118 shares of the company's stock valued at $1,364,000 after acquiring an additional 2,049 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of Consensus Cloud Solutions by 93.1% during the fourth quarter. Two Sigma Investments LP now owns 28,012 shares of the company's stock worth $668,000 after acquiring an additional 13,502 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Consensus Cloud Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $29.00.

Consensus Cloud Solutions Trading Up 3.0%

NASDAQ:CCSI traded up $0.85 during mid-day trading on Thursday, hitting $29.34. 94,721 shares of the company's stock traded hands, compared to its average volume of 98,761. The firm has a market capitalization of $556.87 million, a price-to-earnings ratio of 7.07 and a beta of 1.51. The firm has a 50 day moving average of $24.30 and a two-hundred day moving average of $22.89. Consensus Cloud Solutions, Inc. has a 12 month low of $17.84 and a 12 month 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.