Kestrel Investment Management Corp Has $949,000 Stock Holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Kestrel Investment Management Corp cut its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 19.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,200 shares of the company’s stock after selling 8,900 shares during the quarter. Kestrel Investment Management Corp owned approximately 0.19% of Consensus Cloud Solutions worth $949,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Louisiana State Employees Retirement System acquired a new position in shares of Consensus Cloud Solutions in the fourth quarter worth $233,000. Meeder Asset Management Inc. acquired a new position in Consensus Cloud Solutions during the fourth quarter worth $316,000. Integrated Investment Consultants LLC increased its position in Consensus Cloud Solutions by 69.3% during the fourth quarter. Integrated Investment Consultants LLC now owns 48,601 shares of the company’s stock worth $1,274,000 after buying an additional 19,890 shares during the last quarter. Chicago Capital LLC increased its position in Consensus Cloud Solutions by 4.3% during the fourth quarter. Chicago Capital LLC now owns 92,510 shares of the company’s stock worth $2,425,000 after buying an additional 3,782 shares during the last quarter. Finally, Heron Bay Capital Management increased its position in Consensus Cloud Solutions by 59.9% during the fourth quarter. Heron Bay Capital Management now owns 672,193 shares of the company’s stock worth $17,618,000 after buying an additional 251,926 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup downgraded shares of Consensus Cloud Solutions from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $25.00 to $20.00 in a research report on Tuesday, January 9th. BTIG Research assumed coverage on shares of Consensus Cloud Solutions in a research report on Friday, January 26th. They set a “neutral” rating on the stock.

Consensus Cloud Solutions Stock Down 0.2 %

CCSI traded down $0.03 during midday trading on Friday, reaching $12.88. 250,939 shares of the company’s stock were exchanged, compared to its average volume of 353,331. The firm has a market capitalization of $247.42 million, a price-to-earnings ratio of 3.29 and a beta of 0.96. Consensus Cloud Solutions, Inc. has a one year low of $12.28 and a one year high of $39.81. The business has a 50-day simple moving average of $15.32 and a two-hundred day simple moving average of $20.09.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.90 EPS for the quarter, hitting analysts’ consensus estimates of $0.90. The firm had revenue of $87.75 million during the quarter, compared to analysts’ expectations of $89.05 million. Consensus Cloud Solutions had a net margin of 21.32% and a negative return on equity of 40.27%. As a group, research analysts anticipate that Consensus Cloud Solutions, Inc. will post 4.33 EPS for the current fiscal year.

About Consensus Cloud Solutions

Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. The company offers eFax Corporate, a digital cloud-fax technology; Unite, a single platform that allows the user to choose between various protocols to send and receive healthcare information and can integrate into an existing electronic health record system or stand-alone if no EHR is present.