Reinhart Partners Inc. Grows Stake in Cision Ltd (NYSE:CISN)

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Reinhart Partners Inc. boosted its position in Cision Ltd (NYSE:CISN) by 31.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 959,031 shares of the company’s stock after purchasing an additional 226,796 shares during the period. Reinhart Partners Inc.’s holdings in Cision were worth $7,375,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC acquired a new stake in Cision in the third quarter worth approximately $30,000. Meeder Asset Management Inc. boosted its holdings in shares of Cision by 332.2% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,953 shares of the company’s stock worth $58,000 after buying an additional 3,807 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Cision by 290.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,216 shares of the company’s stock worth $73,000 after buying an additional 4,624 shares during the period. Virginia Retirement Systems ET AL bought a new stake in shares of Cision during the 3rd quarter worth about $78,000. Finally, Bank of Montreal Can boosted its holdings in shares of Cision by 96.2% during the 2nd quarter. Bank of Montreal Can now owns 7,653 shares of the company’s stock worth $90,000 after buying an additional 3,753 shares during the period. 55.12% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the stock. William Blair cut shares of Cision from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 23rd. BMO Capital Markets lowered shares of Cision from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $14.00 to $10.00 in a research note on Tuesday, October 22nd. SunTrust Banks lowered shares of Cision from a “buy” rating to a “hold” rating and raised their price objective for the company from $9.00 to $10.00 in a research note on Wednesday, October 23rd. Citigroup lowered shares of Cision from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 23rd. Finally, ValuEngine raised shares of Cision from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $11.20.

Shares of Cision stock traded up $0.01 during trading hours on Friday, reaching $10.10. The company’s stock had a trading volume of 1,439,904 shares, compared to its average volume of 935,603. Cision Ltd has a one year low of $6.02 and a one year high of $14.58. The company has a market capitalization of $1.50 billion, a P/E ratio of 12.17 and a beta of 0.87. The stock’s fifty day simple moving average is $8.62 and its two-hundred day simple moving average is $9.67. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.81 and a current ratio of 0.81.

Cision (NYSE:CISN) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Cision had a negative net margin of 1.84% and a positive return on equity of 27.68%. The firm had revenue of $190.50 million for the quarter, compared to analyst estimates of $191.44 million. During the same period last year, the firm earned $0.23 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, research analysts forecast that Cision Ltd will post 0.77 earnings per share for the current year.

In other Cision news, insider Rainer Mathes sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $10.11, for a total value of $252,750.00. Following the transaction, the insider now directly owns 1,613,705 shares of the company’s stock, valued at $16,314,557.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.80% of the stock is currently owned by company insiders.

Cision Profile

Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services to businesses worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs.

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Institutional Ownership by Quarter for Cision (NYSE:CISN)

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