LSV Asset Management Has $3.35 Million Stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

LSV Asset Management cut its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 60.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,617 shares of the company’s stock after selling 196,325 shares during the quarter. LSV Asset Management owned 0.67% of Consensus Cloud Solutions worth $3,345,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Heron Bay Capital Management lifted its stake in Consensus Cloud Solutions by 59.9% during the 4th quarter. Heron Bay Capital Management now owns 672,193 shares of the company’s stock valued at $17,618,000 after acquiring an additional 251,926 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Consensus Cloud Solutions by 9.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 238,532 shares of the company’s stock worth $6,006,000 after purchasing an additional 20,670 shares in the last quarter. Chicago Capital LLC increased its stake in Consensus Cloud Solutions by 4.3% in the 4th quarter. Chicago Capital LLC now owns 92,510 shares of the company’s stock valued at $2,425,000 after buying an additional 3,782 shares during the last quarter. M&T Bank Corp lifted its position in shares of Consensus Cloud Solutions by 26.4% during the 3rd quarter. M&T Bank Corp now owns 84,545 shares of the company’s stock worth $2,129,000 after buying an additional 17,683 shares in the last quarter. Finally, Integrated Investment Consultants LLC boosted its stake in shares of Consensus Cloud Solutions by 69.3% in the 4th quarter. Integrated Investment Consultants LLC now owns 48,601 shares of the company’s stock worth $1,274,000 after buying an additional 19,890 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BTIG Research started coverage on Consensus Cloud Solutions in a report on Friday, January 26th. They set a “neutral” rating on the stock.

Consensus Cloud Solutions Stock Up 1.3 %

Consensus Cloud Solutions stock opened at $13.23 on Thursday. The firm has a 50 day moving average price of $13.78 and a 200-day moving average price of $18.95. Consensus Cloud Solutions, Inc. has a twelve month low of $11.62 and a twelve month high of $38.11. The company has a market capitalization of $254.28 million, a P/E ratio of 3.36 and a beta of 1.07.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its earnings results on Wednesday, February 21st. The company reported $0.90 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.90. The business had revenue of $87.75 million during the quarter, compared to the consensus estimate of $89.05 million. Consensus Cloud Solutions had a negative return on equity of 40.27% and a net margin of 21.32%. Equities analysts expect that Consensus Cloud Solutions, Inc. will post 4.33 EPS for the current fiscal year.

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.