73,825 Shares in CCC Intelligent Solutions Holdings Inc. $CCCS Bought by Norman Fields Gottscho Capital Management LLC

Norman Fields Gottscho Capital Management LLC acquired a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) in the 3rd quarter, Holdings Channel reports. The fund acquired 73,825 shares of the company’s stock, valued at approximately $673,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. boosted its position in shares of CCC Intelligent Solutions by 36.6% in the 1st quarter. Invesco Ltd. now owns 521,828 shares of the company’s stock valued at $4,712,000 after purchasing an additional 139,869 shares during the period. Nuveen LLC acquired a new stake in shares of CCC Intelligent Solutions in the first quarter valued at approximately $9,647,000. Kovitz Investment Group Partners LLC purchased a new position in shares of CCC Intelligent Solutions during the first quarter worth approximately $124,000. Northern Trust Corp increased its holdings in shares of CCC Intelligent Solutions by 11.4% in the 1st quarter. Northern Trust Corp now owns 3,128,030 shares of the company’s stock valued at $28,246,000 after acquiring an additional 321,034 shares during the period. Finally, Hsbc Holdings PLC raised its position in CCC Intelligent Solutions by 859.5% in the 1st quarter. Hsbc Holdings PLC now owns 103,943 shares of the company’s stock valued at $932,000 after purchasing an additional 93,110 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Performance

NYSE CCCS opened at $7.98 on Friday. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 399.20 and a beta of 0.72. The business’s 50 day moving average is $7.97 and its two-hundred day moving average is $8.98. 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 posted its quarterly earnings results on Thursday, October 30th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The business had revenue of $267.12 million during the quarter, compared to analysts’ expectations of $265.01 million. During the same period last year, the firm earned $0.10 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. Research analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

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