GAMMA Investing LLC Raises Stock Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

GAMMA Investing LLC grew its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 2,327.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,020 shares of the company's stock after buying an additional 35,495 shares during the period. GAMMA Investing LLC owned 0.19% of Consensus Cloud Solutions worth $854,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quantbot Technologies LP purchased a new stake in Consensus Cloud Solutions in the fourth quarter valued at approximately $81,000. Two Sigma Investments LP lifted its stake in Consensus Cloud Solutions by 93.1% during the 4th quarter. Two Sigma Investments LP now owns 28,012 shares of the company's stock valued at $668,000 after acquiring an additional 13,502 shares during the period. AlphaQuest LLC boosted its holdings in shares of Consensus Cloud Solutions by 451.5% in the 4th quarter. AlphaQuest LLC now owns 2,173 shares of the company's stock valued at $52,000 after acquiring an additional 1,779 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Consensus Cloud Solutions in the fourth quarter worth $135,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Consensus Cloud Solutions by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,342 shares of the company's stock worth $247,000 after acquiring an additional 456 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Consensus Cloud Solutions Trading Down 0.5%

Consensus Cloud Solutions stock traded down $0.12 during mid-day trading on Friday, hitting $22.09. The company had a trading volume of 62,507 shares, compared to its average volume of 138,387. The company has a market capitalization of $431.66 million, a price-to-earnings ratio of 5.13 and a beta of 1.50. Consensus Cloud Solutions, Inc. has a 12-month low of $15.81 and a 12-month high of $32.10. The company's fifty day moving average is $21.39 and its 200-day moving average is $23.68.

About Consensus Cloud Solutions

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.