Exane Asset Management Buys Shares of 82,141 CCC Intelligent Solutions Holdings Inc. $CCCS

Exane Asset Management purchased a new position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 82,141 shares of the company’s stock, valued at approximately $748,000. CCC Intelligent Solutions accounts for 0.3% of Exane Asset Management’s portfolio, making the stock its 15th biggest position.

Several other hedge funds have also recently made changes to their positions in CCCS. Advisors Asset Management Inc. boosted its holdings in CCC Intelligent Solutions by 18.3% in the second quarter. Advisors Asset Management Inc. now owns 7,806 shares of the company’s stock worth $73,000 after purchasing an additional 1,207 shares during the last quarter. Park Place Capital Corp raised its stake in CCC Intelligent Solutions by 47.6% during the 2nd quarter. Park Place Capital Corp now owns 3,806 shares of the company’s stock valued at $36,000 after buying an additional 1,228 shares during the last quarter. Curated Wealth Partners LLC lifted its holdings in shares of CCC Intelligent Solutions by 11.0% during the 3rd quarter. Curated Wealth Partners LLC now owns 13,273 shares of the company’s stock valued at $121,000 after buying an additional 1,315 shares during the period. Global Retirement Partners LLC boosted its stake in shares of CCC Intelligent Solutions by 5.6% in the 3rd quarter. Global Retirement Partners LLC now owns 28,544 shares of the company’s stock worth $260,000 after buying an additional 1,517 shares during the last quarter. Finally, Forum Financial Management LP boosted its stake in shares of CCC Intelligent Solutions by 7.8% in the 3rd quarter. Forum Financial Management LP now owns 21,653 shares of the company’s stock worth $197,000 after buying an additional 1,567 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Trading Up 0.1%

Shares of NYSE:CCCS opened at $7.89 on Wednesday. The stock has a 50 day moving average of $7.76 and a 200 day moving average of $8.75. The company has a market cap of $5.14 billion, a PE ratio of 394.70 and a beta of 0.72. 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.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $267.12 million for the quarter, compared to the consensus estimate of $265.01 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. As a group, equities research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on CCCS shares. Barrington Research reissued an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, October 27th. Stifel Nicolaus reduced their price target on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Piper Sandler lowered their price objective on shares of CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Jefferies Financial Group set a $11.00 price objective on shares of CCC Intelligent Solutions in a report on Thursday, October 30th. Finally, Barclays reduced their target price on shares of CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $11.38.

CCC Intelligent Solutions Company Profile

CCC Intelligent Solutions Inc (NYSE: CCCS) is a leading provider of digital solutions and data analytics to the property and casualty insurance, automotive repair, and connected vehicle markets. The company’s core offerings are designed to improve the efficiency, accuracy, and transparency of collision repair and claims processes. By leveraging advanced machine learning, computer vision, and telematics, CCC enables insurers, repair shops, and vehicle owners to streamline workflows, enhance decision-making, and reduce cycle times.

The company’s flagship platform, CCC ONE®, integrates estimating, repair management, parts sourcing, supplier collaboration, and digital transaction workflows into a single, cloud-based environment.