Steinberg Global Asset Management Purchases New Position in Cision Ltd. (NASDAQ:CISN)

Steinberg Global Asset Management purchased a new position in shares of Cision Ltd. (NASDAQ:CISN) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 160,880 shares of the company’s stock, valued at approximately $2,095,000. Steinberg Global Asset Management owned approximately 0.13% of Cision at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN purchased a new stake in shares of Cision during the 2nd quarter worth about $223,000. Virtu KCG Holdings LLC purchased a new stake in shares of Cision during the 2nd quarter worth about $389,000. Trellus Management Company LLC purchased a new stake in shares of Cision during the 3rd quarter worth about $681,000. Nationwide Fund Advisors purchased a new position in Cision in the 2nd quarter valued at about $782,000. Finally, Berkley W R Corp purchased a new position in Cision in the 2nd quarter valued at about $1,942,000.

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Cision Ltd. (NASDAQ:CISN) traded down $0.02 during trading on Friday, reaching $11.50. 176,487 shares of the company traded hands, compared to its average volume of 162,522. Cision Ltd. has a 12-month low of $9.80 and a 12-month high of $13.68.

Cision (NASDAQ:CISN) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.38. The business had revenue of $157.13 million during the quarter, compared to analysts’ expectations of $156.80 million.

A number of research analysts recently weighed in on CISN shares. Credit Suisse Group started coverage on shares of Cision in a research note on Thursday, July 20th. They issued an “outperform” rating on the stock. Deutsche Bank AG assumed coverage on shares of Cision in a report on Monday, July 31st. They issued a “buy” rating and a $16.00 price objective for the company. Finally, Citigroup Inc. assumed coverage on shares of Cision in a report on Friday, July 28th. They set a “buy” rating and a $13.00 price target for the company.

Institutional Ownership by Quarter for Cision (NASDAQ:CISN)

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