Reinhart Partners Inc. boosted its stake in shares of Cision Ltd (NYSE:CISN) by 31.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 959,031 shares of the company’s stock after purchasing an additional 226,796 shares during the quarter. Reinhart Partners Inc. owned about 0.65% of Cision worth $7,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also modified their holdings of the company. Bailard Inc. acquired a new stake in shares of Cision during the second quarter worth approximately $399,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Cision in the 2nd quarter valued at $119,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Cision by 290.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,216 shares of the company’s stock valued at $73,000 after purchasing an additional 4,624 shares during the last quarter. Dupont Capital Management Corp boosted its stake in shares of Cision by 154.5% in the 2nd quarter. Dupont Capital Management Corp now owns 71,363 shares of the company’s stock valued at $837,000 after purchasing an additional 43,322 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Cision by 6.2% during the second quarter. Janus Henderson Group PLC now owns 8,612,175 shares of the company’s stock worth $101,021,000 after acquiring an additional 505,628 shares in the last quarter. 55.12% of the stock is owned by institutional investors and hedge funds.
In other Cision news, insider Rainer Mathes sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $10.11, for a total transaction of $252,750.00. Following the transaction, the insider now owns 1,613,705 shares of the company’s stock, valued at $16,314,557.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.80% of the stock is owned by insiders.
A number of research firms have weighed in on CISN. BMO Capital Markets lowered shares of Cision from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $14.00 to $10.00 in a research note on Tuesday, October 22nd. Zacks Investment Research upgraded shares of Cision from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. Robert W. Baird lowered shares of Cision from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $13.00 to $10.00 in a research report on Tuesday, October 22nd. Citigroup lowered shares of Cision from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Cowen set a $14.00 target price on shares of Cision and gave the company a “buy” rating in a research report on Monday, August 12th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $11.20.
Shares of NYSE CISN traded up $0.01 during mid-day trading on Friday, hitting $10.10. The stock had a trading volume of 1,439,904 shares, compared to its average volume of 935,603. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.81 and a current ratio of 0.81. Cision Ltd has a 1 year low of $6.02 and a 1 year high of $14.58. The business has a 50 day moving average price of $8.62 and a two-hundred day moving average price of $9.67. The firm has a market cap of $1.50 billion, a P/E ratio of 12.17 and a beta of 0.87.
Cision (NYSE:CISN) last issued its earnings results on Thursday, August 8th. The company reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. The business had revenue of $190.50 million during the quarter, compared to analyst estimates of $191.44 million. Cision had a positive return on equity of 27.68% and a negative net margin of 1.84%. Cision’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 EPS. Equities research analysts predict that Cision Ltd will post 0.77 EPS for the current fiscal year.
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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