Mariner LLC Grows Stock Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Mariner LLC lifted its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 2.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 71,244 shares of the company’s stock after buying an additional 1,878 shares during the period. Mariner LLC’s holdings in CCC Intelligent Solutions were worth $836,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC purchased a new position in shares of CCC Intelligent Solutions during the fourth quarter valued at about $25,000. UMB Bank n.a. purchased a new position in shares of CCC Intelligent Solutions during the fourth quarter valued at approximately $28,000. TD Private Client Wealth LLC bought a new stake in shares of CCC Intelligent Solutions in the 4th quarter worth approximately $31,000. GAMMA Investing LLC grew its stake in shares of CCC Intelligent Solutions by 286.9% in the 4th quarter. GAMMA Investing LLC now owns 3,343 shares of the company’s stock worth $39,000 after buying an additional 2,479 shares during the last quarter. Finally, Financial Management Professionals Inc. bought a new position in CCC Intelligent Solutions during the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Up 0.2 %

CCC Intelligent Solutions stock opened at $8.99 on Tuesday. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 449.72 and a beta of 0.77. The stock has a fifty day simple moving average of $9.19 and a two-hundred day simple moving average of $10.70. CCC Intelligent Solutions Holdings Inc. has a 12 month low of $8.14 and a 12 month high of $12.88. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CCCS shares. Barrington Research reiterated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Monday, February 24th. Piper Sandler reiterated a “neutral” rating and set a $11.00 price objective (down previously from $13.00) on shares of CCC Intelligent Solutions in a research note on Wednesday, February 26th. Barclays lowered their price objective on CCC Intelligent Solutions from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. cut CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $14.00 to $11.00 in a research note on Wednesday, February 26th. Finally, Morgan Stanley lowered their price objective on CCC Intelligent Solutions from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.57.

Insiders Place Their Bets

In related news, CAO Rodney Christo sold 5,846 shares of CCC Intelligent Solutions stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $9.15, for a total value of $53,490.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eileen Schloss sold 27,478 shares of CCC Intelligent Solutions stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $8.60, for a total value of $236,310.80. Following the completion of the sale, the director now directly owns 26,569 shares of the company’s stock, valued at $228,493.40. The trade was a 50.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,087,456 shares of company stock valued at $434,240,401. Corporate insiders own 6.03% of the company’s stock.

CCC Intelligent Solutions Company 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.