London Co. of Virginia Acquires 3,007,687 Shares of CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

London Co. of Virginia increased its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 52.5% in the first quarter, Holdings Channel.com reports. The firm owned 8,741,590 shares of the company’s stock after purchasing an additional 3,007,687 shares during the quarter. London Co. of Virginia’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $52,450,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Root Financial Partners LLC boosted its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% in the first quarter. Root Financial Partners LLC now owns 4,858 shares of the company’s stock valued at $29,000 after buying an additional 4,644 shares during the period. Essex Financial Services Inc. bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at $61,000. Kera Capital Partners Inc. acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth $62,000. Citizens Financial Group Inc. RI bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth about $65,000. Finally, Meeder Advisory Services Inc. acquired a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at about $87,000. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of NASDAQ:CCC opened at $5.82 on Friday. The business’s 50-day simple moving average is $5.08. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. CCC Intelligent Solutions Holdings Inc. Common Stock has a one year low of $4.08 and a one year high of $10.50. The company has a market cap of $3.42 billion, a PE ratio of 97.02 and a beta of 0.51.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The company had revenue of $281.27 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.18% and a return on equity of 6.08%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CCC shares. Citigroup cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $10.00 to $6.00 in a research report on Friday, April 10th. Stifel Nicolaus reissued a “buy” rating and issued a $9.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 2nd. Barrington Research restated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Friday, April 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a $8.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Saturday, May 9th. Finally, Wall Street Zen raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, CCC Intelligent Solutions Holdings Inc. Common Stock presently has an average rating of “Hold” and a consensus target price of $9.25.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company’s SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.