149,685 CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) by 90.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 15,811 shares of the company’s stock after selling 149,685 shares during the quarter. Sterling Capital Management LLC’s holdings in CCC Intelligent Solutions Holdings Inc. Common Stock were worth $105,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CCC. Nykredit A S bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the second quarter worth $26,000. Root Financial Partners LLC raised its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% in the 1st quarter. Root Financial Partners LLC now owns 4,858 shares of the company’s stock valued at $29,000 after purchasing an additional 4,644 shares during the period. Essential Partners LLC bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at about $38,000. IFP Advisors Inc raised its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 99.9% in the 2nd quarter. IFP Advisors Inc now owns 8,179 shares of the company’s stock valued at $42,000 after purchasing an additional 4,088 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the 2nd quarter valued at about $53,000. 95.79% of the stock is owned by institutional investors.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

CCC Intelligent Solutions Holdings Inc. Common Stock stock opened at $7.68 on Tuesday. The firm has a market cap of $4.52 billion, a P/E ratio of 59.08 and a beta of 0.47. CCC Intelligent Solutions Holdings Inc. Common Stock has a one year low of $4.08 and a one year high of $8.69. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.56. The stock’s 50 day moving average is $7.14 and its 200 day moving average is $6.03.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its earnings results on Thursday, October 29th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.81% and a return on equity of 7.18%. The business had revenue of $294.09 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock’s revenue was up 10.1% compared to the same quarter last year. As a group, research analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. CJS Securities lowered CCC Intelligent Solutions Holdings Inc. Common Stock to a “market perform” rating in a research note on Friday, October 16th. Weiss Ratings raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Wall Street Zen cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Barrington Research cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 15th. Finally, Jefferies Financial Group cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating and set a $7.75 target price on the stock. in a report on Thursday, October 15th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.79.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services for the property and casualty insurance economy. Its platform helps insurers, automotive repairers, automakers, parts suppliers and other industry participants manage vehicle claims and related workflows.

The company’s products support collision estimating, claims management, digital imaging, repair planning, payments, parts and supplier connectivity, and data-driven decision-making. CCC also uses artificial intelligence, analytics and automation to help customers improve claims processing, estimate vehicle damage, coordinate repairs and communicate with policyholders and service providers.

CCC’s business grew from CCC Information Services, a company established in 1980 to provide information and technology solutions to the automotive insurance and repair industries.