SummerHaven Investment Management LLC Grows Holdings in Consensus Cloud Solutions, Inc. $CCSI

SummerHaven Investment Management LLC raised its stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,826 shares of the company’s stock after buying an additional 760 shares during the quarter. SummerHaven Investment Management LLC’s holdings in Consensus Cloud Solutions were worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in CCSI. Strs Ohio purchased a new stake in Consensus Cloud Solutions during the 1st quarter valued at approximately $134,000. Pallas Capital Advisors LLC purchased a new stake in Consensus Cloud Solutions during the 1st quarter valued at approximately $213,000. Federated Hermes Inc. grew its holdings in Consensus Cloud Solutions by 20.2% during the 1st quarter. Federated Hermes Inc. now owns 9,327 shares of the company’s stock valued at $215,000 after buying an additional 1,565 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Consensus Cloud Solutions during the 1st quarter valued at approximately $231,000. Finally, Jones Financial Companies Lllp grew its holdings in Consensus Cloud Solutions by 149,428.6% during the 1st quarter. Jones Financial Companies Lllp now owns 10,467 shares of the company’s stock valued at $242,000 after buying an additional 10,460 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Consensus Cloud Solutions has an average rating of “Moderate Buy” and an average price target of $29.00.

Consensus Cloud Solutions Price Performance

CCSI opened at $29.39 on Monday. The business’s 50-day moving average is $25.30 and its two-hundred day moving average is $23.10. Consensus Cloud Solutions, Inc. has a 1 year low of $17.84 and a 1 year high of $32.10. The firm has a market capitalization of $557.82 million, a PE ratio of 7.08 and a beta of 1.51.

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.