Steinberg Global Asset Management raised its holdings in shares of Cision Ltd (NYSE:CISN) by 15.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,593 shares of the company’s stock after purchasing an additional 24,599 shares during the quarter. Steinberg Global Asset Management’s holdings in Cision were worth $2,147,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Cision in the 3rd quarter valued at about $143,000. JPMorgan Chase & Co. increased its position in Cision by 6.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,488,779 shares of the company’s stock valued at $109,011,000 after acquiring an additional 410,854 shares during the period. Prudential Financial Inc. acquired a new position in Cision during the 3rd quarter worth approximately $171,000. Rhumbline Advisers increased its position in Cision by 26.0% during the 3rd quarter. Rhumbline Advisers now owns 45,017 shares of the company’s stock worth $756,000 after purchasing an additional 9,297 shares during the period. Finally, Alliancebernstein L.P. increased its position in Cision by 49.4% during the 3rd quarter. Alliancebernstein L.P. now owns 53,200 shares of the company’s stock worth $894,000 after purchasing an additional 17,600 shares during the period. Institutional investors and hedge funds own 49.08% of the company’s stock.
CISN has been the topic of several recent analyst reports. Goldman Sachs Group initiated coverage on Cision in a research report on Thursday, January 3rd. They set a “neutral” rating and a $12.00 target price on the stock. Zacks Investment Research upgraded Cision from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Finally, ValuEngine upgraded Cision from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $18.20.
NYSE CISN traded down $0.42 on Monday, hitting $12.54. 951,800 shares of the company’s stock were exchanged, compared to its average volume of 480,417. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 4.18. Cision Ltd has a fifty-two week low of $10.86 and a fifty-two week high of $18.28. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 15.11 and a beta of 0.62.
Cision (NYSE:CISN) last announced its quarterly earnings results on Thursday, February 28th. The company reported $0.22 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. The business had revenue of $186.37 million for the quarter, compared to analyst estimates of $186.45 million. Cision had a positive return on equity of 34.60% and a negative net margin of 3.34%. Equities analysts forecast that Cision Ltd will post 0.8 earnings per share for the current fiscal year.
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Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services to businesses worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs.
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