Consensus Cloud Solutions, Inc. $CCSI Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 4.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,660 shares of the company’s stock after selling 1,411 shares during the quarter. Rhumbline Advisers owned 0.14% of Consensus Cloud Solutions worth $638,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Consensus Cloud Solutions by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,342 shares of the company’s stock worth $247,000 after purchasing an additional 456 shares in the last quarter. Bank of New York Mellon Corp increased its position in Consensus Cloud Solutions by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 80,971 shares of the company’s stock worth $1,869,000 after purchasing an additional 528 shares in the last quarter. Ameriprise Financial Inc. increased its position in Consensus Cloud Solutions by 4.7% during the 4th quarter. Ameriprise Financial Inc. now owns 14,418 shares of the company’s stock worth $344,000 after purchasing an additional 651 shares in the last quarter. Federated Hermes Inc. increased its position in Consensus Cloud Solutions by 20.2% during the 1st quarter. Federated Hermes Inc. now owns 9,327 shares of the company’s stock worth $215,000 after purchasing an additional 1,565 shares in the last quarter. Finally, Cerity Partners LLC increased its position in Consensus Cloud Solutions by 3.6% during the 1st quarter. Cerity Partners LLC now owns 59,118 shares of the company’s stock worth $1,364,000 after purchasing an additional 2,049 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Consensus Cloud Solutions Price Performance

Shares of CCSI opened at $28.96 on Tuesday. The company has a market cap of $549.66 million, a P/E ratio of 6.98 and a beta of 1.51. The stock has a fifty day moving average price of $24.60 and a 200 day moving average price of $22.94. Consensus Cloud Solutions, Inc. has a 12 month low of $17.84 and a 12 month high of $32.10.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Consensus Cloud Solutions has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Consensus Cloud Solutions 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.