Maven Securities LTD Makes New Investment in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Maven Securities LTD acquired a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 250,000 shares of the company’s stock, valued at approximately $2,778,000.

A number of other hedge funds have also modified their holdings of the stock. Teca Partners LP boosted its position in CCC Intelligent Solutions by 16.7% in the fourth quarter. Teca Partners LP now owns 1,325,345 shares of the company’s stock valued at $15,096,000 after buying an additional 189,677 shares in the last quarter. Sei Investments Co. raised its stake in shares of CCC Intelligent Solutions by 15.3% in the first quarter. Sei Investments Co. now owns 1,887,533 shares of the company’s stock valued at $22,575,000 after acquiring an additional 250,314 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of CCC Intelligent Solutions in the 1st quarter worth approximately $4,086,000. Comerica Bank grew its position in CCC Intelligent Solutions by 103.1% during the 1st quarter. Comerica Bank now owns 774,261 shares of the company’s stock worth $9,260,000 after acquiring an additional 392,966 shares during the last quarter. Finally, Swiss National Bank increased its holdings in CCC Intelligent Solutions by 14.5% during the 1st quarter. Swiss National Bank now owns 475,900 shares of the company’s stock valued at $5,692,000 after purchasing an additional 60,400 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCCS has been the topic of a number of research analyst reports. Jefferies Financial Group decreased their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Bank of America assumed coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They set a “buy” rating and a $15.00 price target on the stock. Finally, Barrington Research restated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.75.

Insider Transactions at CCC Intelligent Solutions

In related news, insider Brian Herb sold 20,887 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total value of $213,882.88. Following the completion of the sale, the insider now owns 217,872 shares in the company, valued at approximately $2,231,009.28. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Eileen Schloss sold 99,925 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $9.89, for a total transaction of $988,258.25. Following the sale, the director now directly owns 54,047 shares in the company, valued at $534,524.83. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian Herb sold 20,887 shares of the company’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 $213,882.88. Following the completion of the transaction, the insider now directly owns 217,872 shares of the company’s stock, valued at $2,231,009.28. The disclosure for this sale can be found here. Insiders have sold a total of 238,787 shares of company stock valued at $2,418,609 over the last three months. 6.67% of the stock is currently owned by corporate insiders.

CCC Intelligent Solutions Stock Down 2.2 %

Shares of CCC Intelligent Solutions stock opened at $10.81 on Wednesday. The business has a fifty day simple moving average of $10.67 and a 200 day simple moving average of $11.15. The stock has a market cap 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. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.40. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $9.79 and a 12 month high of $13.35.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 5.16% and a net margin of 2.36%. CCC Intelligent Solutions’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 EPS. Research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

CCC Intelligent Solutions Company 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.