Curated Wealth Partners LLC Makes New $118,000 Investment in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Curated Wealth Partners LLC acquired a new stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 10,044 shares of the company’s stock, valued at approximately $118,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Baker Tilly Wealth Management LLC lifted its position in CCC Intelligent Solutions by 6.6% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 14,386 shares of the company’s stock valued at $169,000 after buying an additional 888 shares during the period. Central Pacific Bank Trust Division raised its holdings in CCC Intelligent Solutions by 6.1% in the fourth quarter. Central Pacific Bank Trust Division now owns 16,760 shares of the company’s stock worth $197,000 after buying an additional 960 shares during the last quarter. Amalgamated Bank lifted its stake in shares of CCC Intelligent Solutions by 5.8% in the third quarter. Amalgamated Bank now owns 23,722 shares of the company’s stock worth $262,000 after buying an additional 1,299 shares in the last quarter. Hardy Reed LLC grew its holdings in shares of CCC Intelligent Solutions by 7.1% during the third quarter. Hardy Reed LLC now owns 21,540 shares of the company’s stock valued at $238,000 after buying an additional 1,430 shares during the last quarter. Finally, Hilltop National Bank lifted its position in CCC Intelligent Solutions by 21.3% in the 4th quarter. Hilltop National Bank now owns 8,386 shares of the company’s stock valued at $98,000 after acquiring an additional 1,474 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, insider Mary Jo Prigge sold 2,489 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 97,268 shares in the company, valued at approximately $1,167,216. This represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Githesh Ramamurthy sold 8,805 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $11.50, for a total transaction of $101,257.50. Following the completion of the sale, the insider now owns 4,798,040 shares in the company, valued at $55,177,460. The trade was a 0.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 443,153 shares of company stock worth $5,390,863. 6.67% of the stock is currently owned by company insiders.

CCC Intelligent Solutions Price Performance

CCCS stock opened at $11.36 on Friday. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 52 week low of $9.79 and a 52 week high of $12.88. The firm has a market capitalization of $7.46 billion, a P/E ratio of 568.28 and a beta of 0.72. The company has a fifty day simple moving average of $11.91 and a two-hundred day simple moving average of $11.22.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The firm had revenue of $238.48 million during the quarter, compared to analyst estimates of $237.41 million. During the same period last year, the company earned $0.03 EPS. CCC Intelligent Solutions’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts anticipate that CCC Intelligent Solutions Holdings Inc. will post 0.17 earnings per share for the current fiscal year.

CCC Intelligent Solutions announced that its board has approved a share buyback plan on Friday, December 20th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to repurchase up to 4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays decreased their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. JPMorgan Chase & Co. increased their price objective on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Morgan Stanley raised shares of CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $14.00 to $15.00 in a report on Wednesday, November 13th. Piper Sandler reiterated a “neutral” rating and issued a $13.00 price target on shares of CCC Intelligent Solutions in a research report on Wednesday, December 11th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.89.

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.