AQR Capital Management LLC Raises Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

AQR Capital Management LLC increased its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 1,743.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 447,922 shares of the company’s stock after buying an additional 423,626 shares during the quarter. AQR Capital Management LLC owned 0.07% of CCC Intelligent Solutions worth $4,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Wedmont Private Capital increased its position in shares of CCC Intelligent Solutions by 9.7% in the 1st quarter. Wedmont Private Capital now owns 12,266 shares of the company’s stock valued at $146,000 after acquiring an additional 1,082 shares during the period. American International Group Inc. grew its stake in CCC Intelligent Solutions by 68.6% during the 1st 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 during the last quarter. Bradley Foster & Sargent Inc. CT increased its holdings in shares of CCC Intelligent Solutions by 2.1% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 67,047 shares of the company’s stock valued at $745,000 after purchasing an additional 1,390 shares during the period. Banque Cantonale Vaudoise raised its stake in shares of CCC Intelligent Solutions by 128.4% in the first quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock worth $30,000 after purchasing an additional 1,424 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of CCC Intelligent Solutions by 15.2% during the second quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock worth $132,000 after purchasing an additional 1,564 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CCCS. Bank of America began coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They set a “buy” rating and a $15.00 price target for the company. Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Wednesday, July 31st. Finally, Jefferies Financial Group cut their price target on 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, CCC Intelligent Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.75.

Insiders Place Their Bets

In other news, insider Brian Herb sold 20,887 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total value of $213,882.88. Following the sale, the insider now owns 217,872 shares in the company, valued at $2,231,009.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider John Page Goodson sold 45,560 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $10.08, for a total value of $459,244.80. Following the completion of the transaction, the insider now directly owns 87,892 shares of the company’s stock, valued at approximately $885,951.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the insider now directly owns 217,872 shares of the company’s stock, valued at $2,231,009.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 238,787 shares of company stock worth $2,418,609. Company insiders own 6.67% of the company’s stock.

CCC Intelligent Solutions Stock Down 0.1 %

CCCS opened at $10.62 on Friday. The company has a fifty day moving average of $10.65 and a two-hundred day moving average of $11.13. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.79 and a current ratio of 2.79. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $13.01. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of -50.57, a PEG ratio of 6.35 and a beta of 0.62.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $232.60 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $0.02 earnings per share. On average, research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share 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.