LSV Asset Management Lowers Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

LSV Asset Management lessened its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 60.6% during the 4th quarter, Holdings Channel reports. The firm owned 127,617 shares of the company’s stock after selling 196,325 shares during the period. LSV Asset Management’s holdings in Consensus Cloud Solutions were worth $3,345,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Amalgamated Bank raised its position in shares of Consensus Cloud Solutions by 9.1% during the third quarter. Amalgamated Bank now owns 8,224 shares of the company’s stock valued at $207,000 after buying an additional 684 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Consensus Cloud Solutions by 7.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,888 shares of the company’s stock worth $249,000 after purchasing an additional 706 shares in the last quarter. Bridge City Capital LLC grew its position in shares of Consensus Cloud Solutions by 2.1% during the third quarter. Bridge City Capital LLC now owns 47,223 shares of the company’s stock valued at $1,189,000 after purchasing an additional 961 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Consensus Cloud Solutions by 5.1% in the third quarter. Deutsche Bank AG now owns 38,065 shares of the company’s stock worth $958,000 after purchasing an additional 1,843 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Consensus Cloud Solutions by 126.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,706 shares of the company’s stock worth $93,000 after buying an additional 2,073 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, BTIG Research began coverage on Consensus Cloud Solutions in a research note on Friday, January 26th. They issued a “neutral” rating on the stock.

Consensus Cloud Solutions Stock Up 1.3 %

Consensus Cloud Solutions stock opened at $13.23 on Thursday. Consensus Cloud Solutions, Inc. has a twelve month low of $11.62 and a twelve month high of $38.11. The company’s 50-day moving average price is $13.78 and its 200-day moving average price is $18.95. The company has a market cap of $254.28 million, a PE ratio of 3.36 and a beta of 1.07.

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.90 earnings per share for the quarter, hitting the consensus estimate of $0.90. The company had revenue of $87.75 million for the quarter, compared to analysts’ expectations of $89.05 million. Consensus Cloud Solutions had a negative return on equity of 40.27% and a net margin of 21.32%. As a group, sell-side analysts expect that Consensus Cloud Solutions, Inc. will post 4.33 earnings per share for the current fiscal year.

Consensus Cloud Solutions Company Profile

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.