SG Americas Securities LLC Purchases Shares of 95,620 CCC Intelligent Solutions Holdings Inc. $CCCS

SG Americas Securities LLC acquired a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) during the third quarter, Holdings Channel reports. The institutional investor acquired 95,620 shares of the company’s stock, valued at approximately $871,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its position in CCC Intelligent Solutions by 18.3% in the second quarter. Advisors Asset Management Inc. now owns 7,806 shares of the company’s stock valued at $73,000 after buying an additional 1,207 shares during the last quarter. Park Place Capital Corp lifted its stake in CCC Intelligent Solutions by 47.6% during the 2nd quarter. Park Place Capital Corp now owns 3,806 shares of the company’s stock valued at $36,000 after acquiring an additional 1,228 shares during the period. Curated Wealth Partners LLC boosted its holdings in shares of CCC Intelligent Solutions by 11.0% in the 3rd quarter. Curated Wealth Partners LLC now owns 13,273 shares of the company’s stock valued at $121,000 after acquiring an additional 1,315 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of CCC Intelligent Solutions by 5.6% in the third quarter. Global Retirement Partners LLC now owns 28,544 shares of the company’s stock worth $260,000 after acquiring an additional 1,517 shares during the period. Finally, Valeo Financial Advisors LLC increased its stake in shares of CCC Intelligent Solutions by 14.6% in the second quarter. Valeo Financial Advisors LLC now owns 12,706 shares of the company’s stock worth $120,000 after acquiring an additional 1,622 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CCCS shares. Piper Sandler lowered their price target on shares of CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Friday, October 31st. Stifel Nicolaus lowered their target price on CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Barclays reduced their price target on CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 14th. Jefferies Financial Group set a $11.00 price objective on CCC Intelligent Solutions in a research report on Thursday, October 30th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Monday, October 27th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.38.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock opened at $8.00 on Tuesday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 12-month low of $8.14 and a 12-month high of $12.88. The business’s 50 day moving average is $7.70 and its two-hundred day moving average is $8.82. The company has a market capitalization of $5.21 billion, a P/E ratio of 400.20 and a beta of 0.72.

CCC Intelligent Solutions (NYSE:CCCS) last announced its earnings results on Thursday, October 30th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The business had revenue of $267.12 million during the quarter, compared to the consensus estimate of $265.01 million. During the same period in the prior year, the company posted $0.10 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. Analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

CCC Intelligent Solutions Company Profile

CCC Intelligent Solutions Inc (NYSE: CCCS) is a leading provider of digital solutions and data analytics to the property and casualty insurance, automotive repair, and connected vehicle markets. The company’s core offerings are designed to improve the efficiency, accuracy, and transparency of collision repair and claims processes. By leveraging advanced machine learning, computer vision, and telematics, CCC enables insurers, repair shops, and vehicle owners to streamline workflows, enhance decision-making, and reduce cycle times.

The company’s flagship platform, CCC ONE®, integrates estimating, repair management, parts sourcing, supplier collaboration, and digital transaction workflows into a single, cloud-based environment.