Gates Capital Management Inc. Boosts Stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Gates Capital Management Inc. grew its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,613,501 shares of the company's stock after purchasing an additional 16,245 shares during the quarter. Consensus Cloud Solutions makes up about 0.7% of Gates Capital Management Inc.'s holdings, making the stock its 29th largest position. Gates Capital Management Inc. owned approximately 8.36% of Consensus Cloud Solutions worth $38,498,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Barclays PLC raised its position in Consensus Cloud Solutions by 275.8% in the 3rd quarter. Barclays PLC now owns 23,618 shares of the company's stock valued at $556,000 after buying an additional 17,333 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Consensus Cloud Solutions by 223.1% during the third quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company's stock valued at $4,650,000 after purchasing an additional 136,349 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Consensus Cloud Solutions by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 1,525 shares of the company's stock valued at $36,000 after purchasing an additional 653 shares in the last quarter. Integrated Investment Consultants LLC grew its position in Consensus Cloud Solutions by 9.3% in the 4th quarter. Integrated Investment Consultants LLC now owns 170,306 shares of the company's stock worth $4,064,000 after purchasing an additional 14,449 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Consensus Cloud Solutions by 19.8% in the 4th quarter. SG Americas Securities LLC now owns 7,509 shares of the company's stock worth $179,000 after purchasing an additional 1,240 shares in the last quarter. Institutional investors own 93.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CCSI shares. Oppenheimer boosted their target price on Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Citigroup lifted their price target on Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $27.40.

Consensus Cloud Solutions Stock Performance

NASDAQ CCSI traded down $0.25 on Tuesday, hitting $23.28. 9,002 shares of the stock traded hands, compared to its average volume of 142,718. Consensus Cloud Solutions, Inc. has a 12 month low of $15.81 and a 12 month high of $32.10. The business's fifty day moving average is $21.63 and its two-hundred day moving average is $24.06. The firm has a market capitalization of $454.91 million, a price-to-earnings ratio of 5.07 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). Consensus Cloud Solutions had a net margin of 25.52% and a negative return on equity of 83.93%. The company had revenue of $86.98 million for the quarter, compared to the consensus estimate of $85.07 million. Analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current fiscal year.

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.