SG Americas Securities LLC Lowers Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

SG Americas Securities LLC lowered its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 10.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,127 shares of the company’s stock after selling 846 shares during the quarter. SG Americas Securities LLC’s holdings in Consensus Cloud Solutions were worth $187,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Heron Bay Capital Management boosted its position in Consensus Cloud Solutions by 59.9% during the fourth quarter. Heron Bay Capital Management now owns 672,193 shares of the company’s stock worth $17,618,000 after purchasing an additional 251,926 shares in the last quarter. Deutsche Bank AG boosted its position in Consensus Cloud Solutions by 5.1% during the third quarter. Deutsche Bank AG now owns 38,065 shares of the company’s stock worth $958,000 after purchasing an additional 1,843 shares in the last quarter. Comerica Bank boosted its position in Consensus Cloud Solutions by 227,044.8% during the third quarter. Comerica Bank now owns 65,872 shares of the company’s stock worth $1,659,000 after purchasing an additional 65,843 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Consensus Cloud Solutions by 5.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 36,789 shares of the company’s stock worth $926,000 after purchasing an additional 2,009 shares in the last quarter. Finally, Bridge City Capital LLC boosted its position in Consensus Cloud Solutions by 2.1% during the third quarter. Bridge City Capital LLC now owns 47,223 shares of the company’s stock worth $1,189,000 after purchasing an additional 961 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Consensus Cloud Solutions Price Performance

NASDAQ CCSI opened at $12.69 on Friday. The company has a market cap of $243.77 million, a PE ratio of 3.22 and a beta of 0.96. The stock’s 50 day simple moving average is $15.90 and its 200-day simple moving average is $20.40. Consensus Cloud Solutions, Inc. has a 1-year low of $12.61 and a 1-year high of $39.81.

Consensus Cloud Solutions (NASDAQ:CCSI) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.90 EPS for the quarter, meeting the consensus estimate of $0.90. Consensus Cloud Solutions had a negative return on equity of 40.27% and a net margin of 21.32%. The firm had revenue of $87.75 million during the quarter, compared to analysts’ expectations of $89.05 million. On average, equities research analysts anticipate that Consensus Cloud Solutions, Inc. will post 4.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CCSI has been the topic of a number of recent analyst reports. BTIG Research began coverage on Consensus Cloud Solutions in a research report on Friday, January 26th. They set a “neutral” rating on the stock. Citigroup downgraded Consensus Cloud Solutions from a “neutral” rating to a “sell” rating and decreased their target price for the company from $25.00 to $20.00 in a research report on Tuesday, January 9th.

Consensus Cloud Solutions Company Profile

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.