Quarry LP Has $125,000 Stock Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Quarry LP increased its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 304.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,219 shares of the company’s stock after purchasing an additional 8,442 shares during the quarter. Quarry LP’s holdings in CCC Intelligent Solutions were worth $125,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Banque Cantonale Vaudoise increased its position in shares of CCC Intelligent Solutions by 128.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock worth $30,000 after purchasing an additional 1,424 shares in the last quarter. American International Group Inc. increased its position in CCC Intelligent Solutions by 68.6% in the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after acquiring an additional 1,135 shares in the last quarter. CWM LLC increased its position in CCC Intelligent Solutions by 352.6% in the 2nd quarter. CWM LLC now owns 3,105 shares of the company’s stock valued at $34,000 after acquiring an additional 2,419 shares in the last quarter. Twin Tree Management LP acquired a new stake in CCC Intelligent Solutions in the 1st quarter valued at about $53,000. Finally, Parkside Financial Bank & Trust increased its position in CCC Intelligent Solutions by 15.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock valued at $132,000 after acquiring an additional 1,564 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Down 2.2 %

CCC Intelligent Solutions stock opened at $10.81 on Wednesday. The stock has a market capitalization of $6.72 billion, a PE ratio of -51.48, a price-to-earnings-growth ratio of 6.35 and a beta of 0.62. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $9.79 and a twelve month high of $13.35. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $10.67 and a 200-day moving average of $11.15.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $232.60 million during the quarter, compared to analysts’ expectations of $230.16 million. CCC Intelligent Solutions had a net margin of 2.36% and a return on equity of 5.16%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 earnings per share. On average, equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current fiscal year.

Insider Activity

In other news, insider Michael John Silva sold 29,022 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total value of $311,986.50. Following the completion of the transaction, the insider now owns 30,172 shares in the company, valued at $324,349. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Michael John Silva sold 29,022 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total value of $311,986.50. Following the sale, the insider now owns 30,172 shares of the company’s stock, valued at $324,349. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Rodney Christo sold 4,177 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total transaction of $42,772.48. The disclosure for this sale can be found here. Insiders sold 238,787 shares of company stock worth $2,418,609 over the last quarter. 6.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on CCCS. Bank of America began coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price objective for the company. Jefferies Financial Group reduced 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 note on Wednesday, July 31st. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.75.

About CCC Intelligent Solutions

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.