Kestrel Investment Management Corp Sells 8,900 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Kestrel Investment Management Corp reduced its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 19.7% in the 4th quarter, HoldingsChannel reports. The fund owned 36,200 shares of the company’s stock after selling 8,900 shares during the period. Kestrel Investment Management Corp’s holdings in Consensus Cloud Solutions were worth $949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State of Wyoming increased its position in Consensus Cloud Solutions by 6.7% in the 4th quarter. State of Wyoming now owns 3,220 shares of the company’s stock valued at $173,000 after acquiring an additional 203 shares during the period. Advisor Group Holdings Inc. increased its position in Consensus Cloud Solutions by 86.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 631 shares of the company’s stock valued at $35,000 after acquiring an additional 292 shares during the period. Ensign Peak Advisors Inc increased its position in Consensus Cloud Solutions by 4.9% in the 1st quarter. Ensign Peak Advisors Inc now owns 7,449 shares of the company’s stock valued at $254,000 after acquiring an additional 350 shares during the period. The Manufacturers Life Insurance Company increased its position in Consensus Cloud Solutions by 5.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 6,677 shares of the company’s stock valued at $359,000 after acquiring an additional 364 shares during the period. Finally, Credit Suisse AG increased its position in Consensus Cloud Solutions by 3.4% in the 2nd quarter. Credit Suisse AG now owns 11,626 shares of the company’s stock valued at $507,000 after acquiring an additional 379 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Citigroup cut shares of Consensus Cloud Solutions from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $25.00 to $20.00 in a research report on Tuesday, January 9th. BTIG Research assumed coverage on shares of Consensus Cloud Solutions in a research report on Friday, January 26th. They set a “neutral” rating for the company.

Consensus Cloud Solutions Price Performance

Shares of CCSI traded down $0.03 during trading hours on Friday, hitting $12.88. 250,939 shares of the stock were exchanged, compared to its average volume of 353,331. Consensus Cloud Solutions, Inc. has a fifty-two week low of $12.28 and a fifty-two week high of $39.81. The business has a 50-day moving average of $15.32 and a 200-day moving average of $20.09. The firm has a market capitalization of $247.42 million, a P/E ratio of 3.29 and a beta of 0.96.

Consensus Cloud Solutions (NASDAQ:CCSI) last posted 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 during the quarter, compared to analysts’ expectations of $89.05 million. Consensus Cloud Solutions had a net margin of 21.32% and a negative return on equity of 40.27%. As a group, analysts forecast 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.