Ritholtz Wealth Management Acquires Shares of 38,683 Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Ritholtz Wealth Management acquired a new stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 38,683 shares of the company's stock, valued at approximately $893,000. Ritholtz Wealth Management owned approximately 0.20% of Consensus Cloud Solutions at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Pallas Capital Advisors LLC purchased a new position in Consensus Cloud Solutions in the 1st quarter valued at approximately $213,000. GAMMA Investing LLC grew its holdings in 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 last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Consensus Cloud Solutions by 42.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,614 shares of the company's stock valued at $349,000 after buying an additional 4,346 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Consensus Cloud Solutions by 7,727.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 54,712 shares of the company's stock valued at $1,305,000 after buying an additional 54,013 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings 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 buying an additional 13,502 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Consensus Cloud Solutions Stock Performance

Shares of CCSI remained flat at $22.21 during trading hours on Thursday. The company had a trading volume of 127,039 shares, compared to its average volume of 138,674. The company has a market capitalization of $433.98 million, a price-to-earnings ratio of 4.73 and a beta of 1.50. The stock has a 50-day simple moving average of $21.34 and a two-hundred day simple moving average of $23.70. Consensus Cloud Solutions, Inc. has a twelve month low of $15.81 and a twelve month high of $32.10.

Wall Street Analysts Forecast Growth

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