206,014 Shares of CCC Intelligent Solutions Holdings Inc. Common Stock $CCC Acquired by CenterBook Partners LP

CenterBook Partners LP acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) during the 3rd quarter, Holdings Channel reports. The firm acquired 206,014 shares of the company’s stock, valued at approximately $1,372,000.

Several other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. grew its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% during the first quarter. Principal Financial Group Inc. now owns 37,848,476 shares of the company’s stock valued at $227,091,000 after buying an additional 1,189,466 shares during the period. Bank of America Corp DE raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 2.4% in the first quarter. Bank of America Corp DE now owns 14,004,344 shares of the company’s stock worth $84,026,000 after acquiring an additional 324,678 shares during the period. Van Berkom & Associates Inc. raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% in the first quarter. Van Berkom & Associates Inc. now owns 13,515,096 shares of the company’s stock worth $81,091,000 after acquiring an additional 1,814,248 shares during the period. Dimensional Fund Advisors LP raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 6.7% in the first quarter. Dimensional Fund Advisors LP now owns 11,043,781 shares of the company’s stock worth $66,254,000 after acquiring an additional 695,892 shares during the period. Finally, Alfreton Capital LLP boosted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 22.5% during the 1st quarter. Alfreton Capital LLP now owns 10,778,074 shares of the company’s stock worth $64,668,000 after acquiring an additional 1,978,074 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CCC. Weiss Ratings upgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Wall Street Zen lowered CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Truist Financial set a $7.75 price objective on CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Friday, October 16th. William Blair cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 15th. Finally, Evercore downgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 3rd. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, CCC Intelligent Solutions Holdings Inc. Common Stock presently has a consensus rating of “Hold” and a consensus price target of $8.79.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Up 0.1%

CCC stock opened at $7.69 on Tuesday. The business’s 50-day moving average price is $7.16 and its 200-day moving average price is $6.09. The stock has a market cap of $4.55 billion, a P/E ratio of 28.48, a PEG ratio of 2.83 and a beta of 0.38. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. CCC Intelligent Solutions Holdings Inc. Common Stock has a twelve month low of $4.08 and a twelve month high of $8.68.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last released its earnings results on Thursday, October 29th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.07. The company had revenue of $294.09 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 6.54% and a return on equity of 9.11%. CCC Intelligent Solutions Holdings Inc. Common Stock’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current year.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

CCC Intelligent Solutions Holdings Inc provides cloud-based software and data solutions for the property and casualty insurance economy. Its platform supports workflows that connect insurers, collision repair facilities, automotive manufacturers, parts suppliers and other participants involved in vehicle claims.

The company’s products help manage claims from initial reporting and damage assessment through repair estimates, parts sourcing and communications. Its tools also use artificial intelligence and data analytics to support decision-making and automate aspects of claims and repair processes.

Based in Chicago, CCC traces its roots to 1980 and serves customers primarily in the United States.