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

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

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Sterling Capital Management LLC increased its position in shares of Consensus Cloud Solutions by 3.2% during the 4th quarter. Sterling Capital Management LLC now owns 16,499 shares of the company's stock worth $394,000 after purchasing an additional 513 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Consensus Cloud Solutions by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 1,525 shares of the company's stock worth $36,000 after acquiring an additional 653 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in 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 worth $766,000 after purchasing an additional 820 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Consensus Cloud Solutions by 3.1% in the fourth quarter. Meeder Asset Management Inc. now owns 27,645 shares of the company's stock worth $660,000 after acquiring an additional 839 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Consensus Cloud Solutions by 5.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,560 shares of the company's stock worth $562,000 after purchasing an additional 1,195 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company's stock.

Consensus Cloud Solutions Trading Up 3.6%

Shares of NASDAQ:CCSI traded up $0.80 during trading on Monday, hitting $23.31. 18,991 shares of the stock were exchanged, compared to its average volume of 145,471. The company has a fifty day moving average price of $21.64 and a two-hundred day moving average price of $24.03. The company has a market cap of $455.58 million, a PE ratio of 5.05 and a beta of 1.48. Consensus Cloud Solutions, Inc. has a 12-month low of $15.81 and a 12-month high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $86.98 million for the quarter, compared to analyst estimates of $85.07 million. Equities research analysts anticipate that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Oppenheimer raised their price objective on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Citigroup boosted their target price on Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a "sell" rating in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, Consensus Cloud Solutions has a consensus 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.