GSA Capital Partners LLP Increases Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

GSA Capital Partners LLP grew its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 6.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 56,999 shares of the company’s stock after acquiring an additional 3,339 shares during the quarter. GSA Capital Partners LLP owned about 0.30% of Consensus Cloud Solutions worth $1,342,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC raised its holdings in Consensus Cloud Solutions by 3.6% during the second quarter. SummerHaven Investment Management LLC now owns 22,426 shares of the company’s stock worth $385,000 after purchasing an additional 769 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Consensus Cloud Solutions during the 3rd quarter worth $29,000. Rhumbline Advisers lifted its position in Consensus Cloud Solutions by 4.8% in the second quarter. Rhumbline Advisers now owns 30,358 shares of the company’s stock valued at $522,000 after acquiring an additional 1,379 shares during the last quarter. National Bank of Canada FI acquired a new position in Consensus Cloud Solutions in the second quarter valued at $33,000. Finally, Sei Investments Co. grew its holdings in shares of Consensus Cloud Solutions by 18.5% during the second quarter. Sei Investments Co. now owns 17,594 shares of the company’s stock worth $302,000 after purchasing an additional 2,751 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analyst Ratings Changes

CCSI has been the subject of a number of research analyst reports. Oppenheimer upped their target price on Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Wedbush increased their price objective on Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, November 8th. JPMorgan Chase & Co. cut shares of Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and lifted their target price for the company from $19.00 to $21.00 in a report on Monday, September 9th. Finally, BTIG Research increased their price target on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.40.

Consensus Cloud Solutions Price Performance

NASDAQ:CCSI opened at $25.14 on Thursday. The firm has a market cap of $485.20 million, a price-to-earnings ratio of 5.50 and a beta of 1.38. The firm’s fifty day moving average price is $22.50 and its 200 day moving average price is $20.11. Consensus Cloud Solutions, Inc. has a 1-year low of $11.62 and a 1-year high of $28.09.

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.