Thornburg Investment Management Inc. Boosts Holdings in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Thornburg Investment Management Inc. increased its position in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 240.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,524,462 shares of the company’s stock after buying an additional 1,076,718 shares during the period. Thornburg Investment Management Inc.’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $7,866,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCC. Root Financial Partners LLC boosted its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% in the first quarter. Root Financial Partners LLC now owns 4,858 shares of the company’s stock worth $29,000 after buying an additional 4,644 shares during the period. Essential Partners LLC acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth approximately $38,000. Essex Financial Services Inc. acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth approximately $61,000. Kera Capital Partners Inc. purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth approximately $62,000. Finally, Citizens Financial Group Inc. RI purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth approximately $65,000. 95.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CCC. Wall Street Zen lowered shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Stifel Nicolaus restated a “buy” rating and set a $9.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Friday, July 31st. Jefferies Financial Group set a $7.00 price target on CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 30th. Finally, Citigroup raised their price objective on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.12.

CCC Intelligent Solutions Holdings Inc. Common Stock Trading Down 1.4%

Shares of NASDAQ CCC opened at $7.49 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.71. The company has a market cap of $4.41 billion, a P/E ratio of 93.64 and a beta of 0.50. CCC Intelligent Solutions Holdings Inc. Common Stock has a twelve month low of $4.08 and a twelve month high of $10.14. The firm has a 50 day moving average price of $6.18.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last released its earnings results on Thursday, July 30th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.81% and a return on equity of 7.18%. The firm had revenue of $285.93 million during the quarter. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities analysts predict that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current year.

CCC Intelligent Solutions Holdings Inc. Common Stock Profile

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company’s SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.