70,400 Shares in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Bought by T3 Companies LLC

T3 Companies LLC bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 70,400 shares of the company’s stock, valued at approximately $469,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Beach Point Capital Management LP bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the third quarter valued at approximately $4,049,000. State of Alaska Department of Revenue bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 3rd quarter worth approximately $171,000. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 4.3% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 7,180,365 shares of the company’s stock valued at $47,821,000 after purchasing an additional 292,763 shares in the last quarter. Reinhart Partners LLC. purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 3rd quarter valued at $41,941,000. Finally, Central Pacific Bank Trust Division boosted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 5.1% in the 3rd quarter. Central Pacific Bank Trust Division now owns 47,800 shares of the company’s stock valued at $318,000 after purchasing an additional 2,320 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barrington Research cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 15th. Stifel Nicolaus restated a “buy” rating and set a $9.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 2nd. Weiss Ratings upgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. CJS Securities cut CCC Intelligent Solutions Holdings Inc. Common Stock to a “market perform” rating in a research note on Friday, October 16th. Finally, William Blair downgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 15th. One analyst has rated the stock with a Buy rating, seven have assigned 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 an average target price of $8.79.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

NASDAQ:CCC opened at $7.64 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.56 and a current ratio of 1.56. CCC Intelligent Solutions Holdings Inc. Common Stock has a fifty-two week low of $4.08 and a fifty-two week high of $9.44. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 95.51 and a beta of 0.47. The company’s 50 day moving average is $7.08.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last issued its earnings results on Thursday, July 30th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.81% and a return on equity of 7.18%. The company had revenue of $285.93 million for the quarter. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. Research analysts predict that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current year.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services for the property and casualty insurance economy. Its platform helps insurers, automotive repairers, automakers, parts suppliers and other industry participants manage vehicle claims and related workflows.

The company’s products support collision estimating, claims management, digital imaging, repair planning, payments, parts and supplier connectivity, and data-driven decision-making. CCC also uses artificial intelligence, analytics and automation to help customers improve claims processing, estimate vehicle damage, coordinate repairs and communicate with policyholders and service providers.

CCC’s business grew from CCC Information Services, a company established in 1980 to provide information and technology solutions to the automotive insurance and repair industries.