Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lowered its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 24.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 36,815 shares of the company's stock after selling 12,085 shares during the quarter. Tudor Investment Corp ET AL owned about 0.19% of Consensus Cloud Solutions worth $878,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC raised its holdings in Consensus Cloud Solutions by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 1,525 shares of the company's stock worth $36,000 after purchasing an additional 653 shares in the last quarter. R Squared Ltd purchased a new stake in Consensus Cloud Solutions in the fourth quarter valued at $42,000. AlphaQuest LLC grew its holdings in shares of Consensus Cloud Solutions by 451.5% during the fourth quarter. AlphaQuest LLC now owns 2,173 shares of the company's stock worth $52,000 after purchasing an additional 1,779 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Consensus Cloud Solutions in the 4th quarter valued at about $81,000. Finally, SG Americas Securities LLC increased its position in Consensus Cloud Solutions by 19.8% during the fourth quarter. SG Americas Securities LLC now owns 7,509 shares of the company's stock worth $179,000 after buying an additional 1,240 shares during the period. Institutional investors and hedge funds own 93.93% of the company's stock.

Consensus Cloud Solutions Stock Up 0.6 %

Shares of NASDAQ CCSI traded up $0.13 during midday trading on Friday, hitting $22.51. The company had a trading volume of 194,455 shares, compared to its average volume of 145,949. The firm has a market capitalization of $439.87 million, a price-to-earnings ratio of 4.87 and a beta of 1.48. Consensus Cloud Solutions, Inc. has a twelve month low of $15.81 and a twelve month high of $32.10. The business has a 50-day simple moving average of $21.64 and a two-hundred day simple moving average of $24.01.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.10). Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. The firm had revenue of $86.98 million for the quarter, compared to analysts' expectations of $85.07 million. On average, equities analysts forecast that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CCSI. Oppenheimer raised their target price on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Citigroup lifted their price objective on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a "sell" rating in a research note 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. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.