Advantage Alpha Capital Partners LP Has $5.08 Million Stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Advantage Alpha Capital Partners LP trimmed its position in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 23.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 460,100 shares of the company’s stock after selling 141,205 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in CCC Intelligent Solutions were worth $5,084,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC boosted its position in shares of CCC Intelligent Solutions by 31.5% in the second quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock worth $176,704,000 after buying an additional 3,809,200 shares during the period. Comerica Bank boosted its position in CCC Intelligent Solutions by 103.1% during the 1st quarter. Comerica Bank now owns 774,261 shares of the company’s stock worth $9,260,000 after acquiring an additional 392,966 shares during the period. Adero Partners LLC grew its stake in CCC Intelligent Solutions by 118.5% during the 3rd quarter. Adero Partners LLC now owns 5,780,925 shares of the company’s stock valued at $63,879,000 after acquiring an additional 3,135,650 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of CCC Intelligent Solutions by 200.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 203,543 shares of the company’s stock valued at $2,261,000 after purchasing an additional 135,710 shares during the period. Finally, Element Capital Management LLC purchased a new stake in shares of CCC Intelligent Solutions in the second quarter worth approximately $7,941,000. 95.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 75,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $12.01, for a total value of $900,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mary Jo Prigge sold 2,489 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $12.00, for a total transaction of $29,868.00. Following the completion of the transaction, the insider now directly owns 97,268 shares of the company’s stock, valued at approximately $1,167,216. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 268,153 shares of company stock valued at $3,195,485 in the last 90 days. 6.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CCCS has been the topic of a number of research analyst reports. Morgan Stanley raised shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $14.00 to $15.00 in a research report on Wednesday, November 13th. Jefferies Financial Group lowered their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Bank of America initiated coverage on CCC Intelligent Solutions in a report on Tuesday, August 20th. They set a “buy” rating and a $15.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Finally, Barrington Research reiterated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.78.

CCC Intelligent Solutions Trading Up 2.2 %

Shares of CCCS stock opened at $12.74 on Tuesday. The business’s 50 day moving average is $11.14 and its two-hundred day moving average is $11.06. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $9.79 and a 12 month high of $12.83. The company has a market cap of $7.97 billion, a PE ratio of 637.32, a price-to-earnings-growth ratio of 6.87 and a beta of 0.63.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $238.48 million for the quarter, compared to analysts’ expectations of $237.41 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. CCC Intelligent Solutions’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 earnings per share. Equities analysts predict that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

CCC Intelligent Solutions Profile

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.