Citadel Advisors LLC raised its stake in Cision Ltd (NYSE:CISN) by 389.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 526,836 shares of the company’s stock after buying an additional 419,135 shares during the period. Citadel Advisors LLC owned about 0.40% of Cision worth $8,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership bought a new stake in shares of Cision in the 2nd quarter valued at about $30,572,000. BlackRock Inc. raised its holdings in shares of Cision by 338.3% in the 2nd quarter. BlackRock Inc. now owns 2,639,295 shares of the company’s stock valued at $39,457,000 after purchasing an additional 2,037,189 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Cision by 204.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,149,812 shares of the company’s stock valued at $36,117,000 after purchasing an additional 1,443,832 shares in the last quarter. Formula Growth Ltd. bought a new stake in shares of Cision in the 2nd quarter valued at about $11,885,000. Finally, First Trust Advisors LP bought a new stake in shares of Cision in the 3rd quarter valued at about $7,413,000. 52.75% of the stock is owned by institutional investors.
NYSE:CISN opened at $11.74 on Thursday. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $1.56 billion, a PE ratio of 14.68 and a beta of 0.50. Cision Ltd has a one year low of $11.16 and a one year high of $18.28.
Cision (NYSE:CISN) last posted its quarterly earnings data on Wednesday, November 7th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $177.20 million during the quarter, compared to analyst estimates of $176.92 million. Cision had a negative net margin of 6.65% and a positive return on equity of 31.58%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Research analysts forecast that Cision Ltd will post 0.82 earnings per share for the current year.
CISN has been the subject of several recent research reports. ValuEngine lowered shares of Cision from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Deutsche Bank lowered shares of Cision from a “buy” rating to a “hold” rating and boosted their price target for the company from $16.00 to $18.00 in a report on Monday, October 8th. Zacks Investment Research upgraded shares of Cision from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. Finally, William Blair initiated coverage on shares of Cision in a report on Wednesday, August 15th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. Cision currently has a consensus rating of “Buy” and an average target price of $18.30.
In related news, Director L. Dyson Dryden sold 35,911 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $15.44, for a total transaction of $554,465.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Ein sold 715,599 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $15.44, for a total transaction of $11,048,848.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 751,769 shares of company stock valued at $11,606,500. 6.70% of the stock is currently owned by company insiders.
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Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs. It offers Cision Communications Cloud, an earned media cloud-based platform that brands can use to build relationships with influencers and buyers in order to amplify their marketplace influence; and provides media database that offers access to influencers when planning a campaign, as well as to schedule and record various interactions with contacts.
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