Advantage Alpha Capital Partners LP Has $4.31 Million Stock Position in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Advantage Alpha Capital Partners LP lessened its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 20.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 367,202 shares of the company’s stock after selling 92,898 shares during the period. Advantage Alpha Capital Partners LP owned 0.06% of CCC Intelligent Solutions worth $4,307,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Cannon Global Investment Management LLC increased its stake in shares of CCC Intelligent Solutions by 5.9% in the fourth quarter. Cannon Global Investment Management LLC now owns 54,000 shares of the company’s stock valued at $633,000 after buying an additional 3,000 shares during the period. Summit Creek Advisors LLC lifted its holdings in CCC Intelligent Solutions by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 2,142,150 shares of the company’s stock valued at $25,127,000 after buying an additional 6,403 shares during the period. Vanguard Group Inc. boosted its position in shares of CCC Intelligent Solutions by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 51,387,172 shares of the company’s stock valued at $602,772,000 after purchasing an additional 847,334 shares in the last quarter. LPL Financial LLC grew its stake in CCC Intelligent Solutions by 290.4% during the fourth quarter. LPL Financial LLC now owns 156,577 shares of the company’s stock worth $1,837,000 after purchasing an additional 116,474 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of CCC Intelligent Solutions during the 4th quarter worth approximately $996,000. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Performance

NYSE CCCS opened at $9.00 on Monday. The company has a fifty day moving average price of $10.44 and a 200-day moving average price of $11.08. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 450.23 and a beta of 0.73. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. CCC Intelligent Solutions Holdings Inc. has a 1 year low of $8.83 and a 1 year high of $12.88.

CCC Intelligent Solutions declared that its board has authorized a share buyback plan on Friday, December 20th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to repurchase up to 4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other CCC Intelligent Solutions news, Director Eileen Schloss sold 34,055 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $8.98, for a total value of $305,813.90. Following the transaction, the director now owns 54,047 shares of the company’s stock, valued at approximately $485,342.06. The trade was a 38.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Rodney Christo sold 20,077 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $10.20, for a total value of $204,785.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,054,132 shares of company stock worth $433,950,599. 6.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on CCCS. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $14.00 to $11.00 in a report on Wednesday, February 26th. Piper Sandler restated a “neutral” rating and set a $11.00 price objective (down previously from $13.00) on shares of CCC Intelligent Solutions in a report on Wednesday, February 26th. Finally, Barrington Research reissued an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.14.

CCC Intelligent Solutions Company Profile

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.