Huntington National Bank Purchases 1,599 Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Huntington National Bank increased its holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 37.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,852 shares of the company’s stock after purchasing an additional 1,599 shares during the period. Huntington National Bank’s holdings in CCC Intelligent Solutions were worth $65,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Dragoneer Investment Group LLC raised its position in CCC Intelligent Solutions by 31.5% during the second quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock valued at $176,704,000 after purchasing an additional 3,809,200 shares during the period. Comerica Bank boosted its stake in CCC Intelligent Solutions by 103.1% during the first quarter. Comerica Bank now owns 774,261 shares of the company’s stock worth $9,260,000 after buying an additional 392,966 shares during the period. Harbor Capital Advisors Inc. increased its position in CCC Intelligent Solutions by 200.1% during the second quarter. Harbor Capital Advisors Inc. now owns 203,543 shares of the company’s stock valued at $2,261,000 after acquiring an additional 135,710 shares during the last quarter. Element Capital Management LLC purchased a new stake in shares of CCC Intelligent Solutions in the second quarter valued at $7,941,000. Finally, Vanguard Group Inc. lifted its holdings in shares of CCC Intelligent Solutions by 17.7% in the 1st quarter. Vanguard Group Inc. now owns 28,034,997 shares of the company’s stock worth $335,299,000 after acquiring an additional 4,225,920 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Price Performance

CCCS opened at $11.61 on Tuesday. The company has a market capitalization of $7.26 billion, a price-to-earnings ratio of 580.79, a PEG ratio of 6.76 and a beta of 0.63. 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 Holdings Inc. has a 12-month low of $9.79 and a 12-month high of $12.68. The business’s fifty day simple moving average is $10.98 and its 200-day simple moving average is $11.00.

CCC Intelligent Solutions (NYSE:CCCS) last issued its earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $237.41 million. During the same period in the prior year, the business earned $0.03 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CCCS. Jefferies Financial Group reduced their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Barclays dropped their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Morgan Stanley upgraded CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $14.00 to $15.00 in a research note on Wednesday, November 13th. Finally, Barrington Research reissued an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.78.

Insider Buying and Selling

In other news, CAO Rodney Christo sold 75,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $11.80, for a total value of $885,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mary Jo Prigge sold 2,489 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $12.00, for a total value of $29,868.00. Following the sale, the insider now owns 97,268 shares of the company’s stock, valued at $1,167,216. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,664 shares of company stock valued at $1,435,614 over the last 90 days. Corporate insiders own 6.67% of the company’s stock.

About CCC Intelligent Solutions

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.