Engineers Gate Manager LP Invests $2.42 Million in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Engineers Gate Manager LP acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 468,134 shares of the company’s stock, valued at approximately $2,416,000.

Other hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC grew its position in 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 worth $29,000 after purchasing an additional 4,644 shares during the last quarter. Nykredit A S acquired a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the second quarter valued at approximately $26,000. Essential Partners LLC bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter valued at approximately $38,000. IFP Advisors Inc raised its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 99.9% during the second quarter. IFP Advisors Inc now owns 8,179 shares of the company’s stock valued at $42,000 after buying an additional 4,088 shares during the last quarter. Finally, Essex Financial Services Inc. acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth approximately $61,000. 95.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Jefferies Financial Group set a $7.00 target price on CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 30th. Citigroup boosted their price target on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $9.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Finally, Weiss Ratings raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.12.

CCC Intelligent Solutions Holdings Inc. Common Stock Trading Down 1.9%

Shares of NASDAQ:CCC opened at $6.76 on Tuesday. The stock has a 50 day moving average of $6.65. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 84.51 and a beta of 0.49. CCC Intelligent Solutions Holdings Inc. Common Stock has a twelve month low of $4.08 and a twelve month high of $9.90.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $285.93 million for the quarter. The company’s revenue was up 9.8% compared to the same quarter last year. Equities research analysts forecast that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current year.

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 connects insurers, collision repair facilities, automakers, parts suppliers, lenders, and other participants involved in vehicle claims and repairs.

The company’s solutions support claims management, estimating, workflow automation, digital payments, total-loss processing, vehicle valuation, and collision-repair operations. CCC also uses artificial intelligence, computer vision, predictive analytics, and data capabilities to help customers assess vehicle damage, streamline claims, improve repair processes, and enhance customer communication.

CCC traces its history to 1980 and primarily serves the North American insurance and automotive markets.