Entropy Technologies LP Lowers Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Entropy Technologies LP trimmed its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 22.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,184 shares of the company’s stock after selling 10,200 shares during the quarter. Entropy Technologies LP’s holdings in CCC Intelligent Solutions were worth $389,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CCCS. American International Group Inc. raised its stake in CCC Intelligent Solutions by 68.6% in the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after purchasing an additional 1,135 shares in the last quarter. Amalgamated Bank raised its position in shares of CCC Intelligent Solutions by 5.8% during the 3rd quarter. Amalgamated Bank now owns 23,722 shares of the company’s stock valued at $262,000 after buying an additional 1,299 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of CCC Intelligent Solutions by 2.1% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 67,047 shares of the company’s stock worth $745,000 after acquiring an additional 1,390 shares during the last quarter. Parkside Financial Bank & Trust grew its position in CCC Intelligent Solutions by 15.2% in the second quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock worth $132,000 after acquiring an additional 1,564 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in CCC Intelligent Solutions by 5.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 32,082 shares of the company’s stock valued at $384,000 after acquiring an additional 1,619 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CCCS. JPMorgan Chase & Co. cut their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Barclays decreased their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Jefferies Financial Group cut their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Bank of America began coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 target price on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.78.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, insider Michael John Silva sold 29,022 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total value of $311,986.50. Following the completion of the sale, the insider now directly owns 30,172 shares in the company, valued at $324,349. This trade represents a 49.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Mary Jo Prigge sold 2,489 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $12.00, for a total transaction of $29,868.00. Following the sale, the insider now owns 97,268 shares in the company, valued at approximately $1,167,216. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,664 shares of company stock worth $550,614 over the last quarter. 6.67% of the stock is owned by corporate insiders.

CCC Intelligent Solutions Trading Down 0.6 %

Shares of CCCS opened at $11.77 on Friday. The stock has a market capitalization of $7.36 billion, a P/E ratio of 588.50, a PEG ratio of 6.67 and a beta of 0.63. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $9.79 and a twelve month high of $12.68. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of $10.96 and a two-hundred day simple moving average of $11.00.

CCC Intelligent Solutions (NYSE:CCCS) last posted its earnings results on Monday, October 28th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company had revenue of $238.48 million during the quarter, compared to analyst estimates of $237.41 million. During the same period in the prior year, the business posted $0.03 earnings per share. CCC Intelligent Solutions’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 EPS for the current year.

CCC Intelligent Solutions Profile

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.