NBC Securities Inc. Takes $844,000 Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

NBC Securities Inc. acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCSFree Report) during the third quarter, HoldingsChannel reports. The fund acquired 63,224 shares of the company’s stock, valued at approximately $844,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of CCC Intelligent Solutions by 12.3% in the first quarter. Bank of New York Mellon Corp now owns 38,517 shares of the company’s stock valued at $425,000 after buying an additional 4,232 shares during the last quarter. Vanguard Group Inc. grew its holdings in CCC Intelligent Solutions by 146.9% during the 1st quarter. Vanguard Group Inc. now owns 9,519,514 shares of the company’s stock valued at $105,095,000 after purchasing an additional 5,663,827 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in CCC Intelligent Solutions during the 1st quarter worth $3,146,000. Charles Schwab Investment Management Inc. lifted its position in shares of CCC Intelligent Solutions by 3.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 306,511 shares of the company’s stock worth $3,384,000 after buying an additional 10,591 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of CCC Intelligent Solutions by 277.6% in the 1st quarter. Royal Bank of Canada now owns 7,696 shares of the company’s stock worth $85,000 after buying an additional 5,658 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

CCC Intelligent Solutions Price Performance

Shares of CCCS traded up $0.08 during mid-day trading on Friday, hitting $11.05. The company’s stock had a trading volume of 1,370,183 shares, compared to its average volume of 2,207,927. The firm has a 50-day moving average price of $11.29 and a 200 day moving average price of $11.28. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of -55.25 and a beta of 0.60. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.13 and a quick ratio of 4.13. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.33 and a fifty-two week high of $13.41.

CCC Intelligent Solutions (NYSE:CCCSGet Free Report) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). CCC Intelligent Solutions had a negative net margin of 13.85% and a positive return on equity of 6.29%. The company had revenue of $221.15 million for the quarter, compared to analysts’ expectations of $216.12 million. On average, research analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director International L.P. Advent sold 22,000,000 shares of CCC Intelligent Solutions stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $10.47, for a total value of $230,340,000.00. Following the completion of the sale, the director now directly owns 6,119,048 shares in the company, valued at $64,066,432.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Citigroup reiterated a “neutral” rating and issued a $13.00 price objective on shares of CCC Intelligent Solutions in a research report on Wednesday, December 13th. Morgan Stanley began coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $13.00 price target on the stock. Finally, Piper Sandler restated a “neutral” rating and set a $11.00 price target on shares of CCC Intelligent Solutions in a research report on Tuesday, November 7th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $13.00.

Check Out Our Latest Stock Analysis on CCCS

CCC Intelligent Solutions Profile

(Free Report)

CCC Intelligent Solutions Holdings Inc provides cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. 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 insurance carriers, collision repairers, parts suppliers, automotive manufactures, financial institution, and others.

Further Reading

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Institutional Ownership by Quarter for CCC Intelligent Solutions (NYSE:CCCS)

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