Amalgamated Bank Increases Stock Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Amalgamated Bank increased its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,722 shares of the company’s stock after buying an additional 1,299 shares during the period. Amalgamated Bank’s holdings in CCC Intelligent Solutions were worth $262,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. American International Group Inc. lifted its holdings in shares of CCC Intelligent Solutions by 68.6% in the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after purchasing an additional 1,135 shares in the last quarter. CWM LLC grew its holdings in CCC Intelligent Solutions by 352.6% during the 2nd quarter. CWM LLC now owns 3,105 shares of the company’s stock valued at $34,000 after buying an additional 2,419 shares during the last quarter. Quarry LP increased its position in CCC Intelligent Solutions by 304.0% during the second quarter. Quarry LP now owns 11,219 shares of the company’s stock worth $125,000 after buying an additional 8,442 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of CCC Intelligent Solutions by 15.2% in the second quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock worth $132,000 after acquiring an additional 1,564 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of CCC Intelligent Solutions in the first quarter worth $142,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CCCS shares. Barrington Research reiterated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. Barclays cut their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Jefferies Financial Group decreased their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. JPMorgan Chase & Co. cut their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, Morgan Stanley upgraded CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $14.00 to $15.00 in a report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.78.

Insider Buying and Selling at CCC Intelligent Solutions

In other news, insider Githesh Ramamurthy sold 9,348 shares of CCC Intelligent Solutions stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $11.50, for a total transaction of $107,502.00. Following the sale, the insider now owns 4,798,040 shares in the company, valued at $55,177,460. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael John Silva sold 29,022 shares of CCC Intelligent Solutions stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total transaction of $311,986.50. Following the sale, the insider now owns 30,172 shares in the company, valued at $324,349. This represents a 49.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,664 shares of company stock valued at $550,614 over the last ninety days. Corporate insiders own 6.67% of the company’s stock.

CCC Intelligent Solutions Trading Down 0.6 %

Shares of CCCS stock opened at $11.77 on Monday. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 588.79, a price-to-earnings-growth ratio of 6.76 and a beta of 0.63. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $12.68. The firm’s 50 day moving average price is $10.96 and its two-hundred day moving average price is $11.00.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $238.48 million for the quarter, compared to analysts’ expectations of $237.41 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. CCC Intelligent Solutions’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 earnings per share. On average, analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

CCC Intelligent Solutions Profile

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.