Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Bought by Cwm LLC

Cwm LLC lifted its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 87.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,469 shares of the company’s stock after buying an additional 7,677 shares during the period. Cwm LLC owned approximately 0.09% of Consensus Cloud Solutions worth $388,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CCSI. Janus Henderson Group PLC boosted its position in Consensus Cloud Solutions by 1.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,587,963 shares of the company’s stock worth $25,185,000 after acquiring an additional 15,871 shares during the period. Heron Bay Capital Management increased its holdings in shares of Consensus Cloud Solutions by 63.7% during the first quarter. Heron Bay Capital Management now owns 1,100,425 shares of the company’s stock valued at $17,453,000 after purchasing an additional 428,232 shares during the period. Marshall Wace LLP raised its stake in shares of Consensus Cloud Solutions by 437.2% during the second quarter. Marshall Wace LLP now owns 682,669 shares of the company’s stock valued at $11,728,000 after purchasing an additional 555,584 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Consensus Cloud Solutions by 115.4% in the second quarter. AQR Capital Management LLC now owns 672,803 shares of the company’s stock worth $11,041,000 after purchasing an additional 360,476 shares during the period. Finally, Kent Lake Capital LLC bought a new position in Consensus Cloud Solutions in the 1st quarter valued at about $2,312,000. 93.93% of the stock is owned by institutional investors.

Consensus Cloud Solutions Stock Performance

Consensus Cloud Solutions stock opened at $21.21 on Monday. Consensus Cloud Solutions, Inc. has a 1 year low of $11.62 and a 1 year high of $28.09. The firm’s 50 day moving average price is $22.11 and its two-hundred day moving average price is $18.94. The firm has a market cap of $407.66 million, a price-to-earnings ratio of 4.68 and a beta of 1.37.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its earnings results on Thursday, August 8th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. Consensus Cloud Solutions had a negative return on equity of 57.77% and a net margin of 25.72%. The company had revenue of $87.50 million for the quarter, compared to analyst estimates of $87.10 million. As a group, equities analysts predict that Consensus Cloud Solutions, Inc. will post 4.86 EPS for the current fiscal year.

Analyst Ratings Changes

CCSI has been the subject of a number of research analyst reports. Oppenheimer upped their price target on shares of Consensus Cloud Solutions from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. cut Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $19.00 to $21.00 in a research report on Monday, September 9th. Finally, BTIG Research raised Consensus Cloud Solutions from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $23.60.

About Consensus Cloud Solutions

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.