Granite Investment Partners LLC Cuts Stock Holdings in CCC Intelligent Solutions Holdings Inc. $CCCS

Granite Investment Partners LLC cut its stake in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 28.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 564,399 shares of the company’s stock after selling 226,348 shares during the period. Granite Investment Partners LLC owned 0.09% of CCC Intelligent Solutions worth $5,142,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. boosted its holdings in CCC Intelligent Solutions by 40.4% in the first quarter. Advisors Asset Management Inc. now owns 6,599 shares of the company’s stock valued at $60,000 after acquiring an additional 1,898 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of CCC Intelligent Solutions by 68.0% in the 1st quarter. NewEdge Advisors LLC now owns 43,578 shares of the company’s stock valued at $394,000 after purchasing an additional 17,633 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of CCC Intelligent Solutions by 1,761.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,006,256 shares of the company’s stock worth $27,146,000 after purchasing an additional 2,844,773 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in CCC Intelligent Solutions by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,145 shares of the company’s stock worth $11,126,000 after purchasing an additional 74,208 shares in the last quarter. Finally, Jane Street Group LLC increased its position in CCC Intelligent Solutions by 179.6% during the 1st quarter. Jane Street Group LLC now owns 679,581 shares of the company’s stock worth $6,137,000 after purchasing an additional 436,561 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

CCC Intelligent Solutions Price Performance

CCCS opened at $5.09 on Monday. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $8.14 and a twelve month high of $12.88. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 254.63 and a beta of 0.72. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $7.33 and a 200 day simple moving average of $8.28.

Analyst Ratings Changes

CCCS has been the topic of a number of recent research reports. Stifel Nicolaus reduced their price target on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, October 27th. Jefferies Financial Group set a $11.00 price target on CCC Intelligent Solutions in a report on Thursday, October 30th. Finally, Piper Sandler reduced their price objective on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $11.38.

About CCC Intelligent Solutions

CCC Intelligent Solutions Inc (NYSE: CCCS) is a leading provider of digital solutions and data analytics to the property and casualty insurance, automotive repair, and connected vehicle markets. The company’s core offerings are designed to improve the efficiency, accuracy, and transparency of collision repair and claims processes. By leveraging advanced machine learning, computer vision, and telematics, CCC enables insurers, repair shops, and vehicle owners to streamline workflows, enhance decision-making, and reduce cycle times.

The company’s flagship platform, CCC ONE®, integrates estimating, repair management, parts sourcing, supplier collaboration, and digital transaction workflows into a single, cloud-based environment.