Gates Capital Management Inc. Has $38.50 Million Stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Gates Capital Management Inc. raised its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,613,501 shares of the company's stock after purchasing an additional 16,245 shares during the quarter. Consensus Cloud Solutions accounts for approximately 0.7% of Gates Capital Management Inc.'s portfolio, making the stock its 29th largest position. Gates Capital Management Inc. owned about 8.36% of Consensus Cloud Solutions worth $38,498,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Deutsche Bank AG increased its stake in Consensus Cloud Solutions by 10.7% in the fourth quarter. Deutsche Bank AG now owns 57,466 shares of the company's stock valued at $1,371,000 after purchasing an additional 5,573 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Consensus Cloud Solutions by 23.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 132,615 shares of the company's stock worth $3,164,000 after purchasing an additional 25,000 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Consensus Cloud Solutions during the 4th quarter worth approximately $135,000. Ameriprise Financial Inc. lifted its stake in Consensus Cloud Solutions by 4.7% in the 4th quarter. Ameriprise Financial Inc. now owns 14,418 shares of the company's stock valued at $344,000 after buying an additional 651 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Consensus Cloud Solutions by 2.0% in the 4th quarter. AQR Capital Management LLC now owns 629,377 shares of the company's stock valued at $14,935,000 after purchasing an additional 12,332 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 CCSI traded up $0.12 during trading hours on Thursday, hitting $22.98. 5,724 shares of the company were exchanged, compared to its average volume of 144,406. Consensus Cloud Solutions, Inc. has a one year low of $15.81 and a one year high of $32.10. The firm has a fifty day simple moving average of $21.59 and a 200-day simple moving average of $24.04. The company has a market capitalization of $449.05 million, a PE ratio of 4.99 and a beta of 1.48.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.19 by ($0.10). The firm had revenue of $86.98 million for the quarter, compared to analyst estimates of $85.07 million. Consensus Cloud Solutions had a net margin of 25.52% and a negative return on equity of 83.93%. Sell-side analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Citigroup increased their target price on Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a research report on Friday, January 17th. 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 note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat, the company 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.