GSA Capital Partners LLP Cuts Stock Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Key Points

• GSA Capital Partners LLP has reduced its position in Consensus Cloud Solutions, Inc. by 34.3% in Q1, now owning 40,313 shares valued at approximately $930,000.
• Other institutional investors like Janus Henderson Group PLC and Gates Capital Management have increased their stakes in Consensus Cloud Solutions, highlighting a mixed approach among hedge funds regarding the company.
• Consensus Cloud Solutions currently has a market cap of $394.32 million, with an average target price of $27.40 according to analysts, despite receiving ratings that range from sell to buy.

GSA Capital Partners LLP trimmed its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 34.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 40,313 shares of the company's stock after selling 21,074 shares during the period. GSA Capital Partners LLP owned approximately 0.21% of Consensus Cloud Solutions worth $930,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Consensus Cloud Solutions by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,342 shares of the company's stock valued at $247,000 after buying an additional 456 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Consensus Cloud Solutions by 3.2% during the fourth quarter. Sterling Capital Management LLC now owns 16,499 shares of the company's stock valued at $394,000 after purchasing an additional 513 shares during the period. Bank of New York Mellon Corp increased its position in Consensus Cloud Solutions by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 80,971 shares of the company's stock worth $1,869,000 after buying an additional 528 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Consensus Cloud Solutions by 4.7% in the fourth quarter. Ameriprise Financial Inc. now owns 14,418 shares of the company's stock worth $344,000 after buying an additional 651 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Consensus Cloud Solutions by 2.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,083 shares of the company's stock valued at $766,000 after buying an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company's stock.

Consensus Cloud Solutions Price Performance

Shares of NASDAQ:CCSI traded down $0.52 during trading on Friday, hitting $19.66. 202,089 shares of the company's stock were exchanged, compared to its average volume of 133,244. The business's 50-day simple moving average is $22.09 and its 200 day simple moving average is $23.19. The company has a market cap of $384.16 million, a price-to-earnings ratio of 4.55 and a beta of 1.48. Consensus Cloud Solutions, Inc. has a 52-week low of $17.84 and a 52-week high of $32.10.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Consensus Cloud Solutions from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $27.40.

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.