Reinhart Partners LLC. Acquires New Holdings in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

Reinhart Partners LLC. acquired a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) in the third quarter, Holdings Channel.com reports. The firm acquired 6,297,496 shares of the company’s stock, valued at approximately $41,941,000.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% during the 1st 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 in the last quarter. Wasatch Advisors LP increased its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% in the 1st quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock worth $169,391,000 after acquiring an additional 5,440,768 shares in the last quarter. Bank of America Corp DE raised its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 2.4% during 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% during 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. Finally, Dimensional Fund Advisors LP lifted its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 6.7% during the first quarter. Dimensional Fund Advisors LP now owns 11,043,781 shares of the company’s stock valued at $66,254,000 after purchasing an additional 695,892 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

CCC Intelligent Solutions Holdings Inc. Common Stock stock opened at $7.02 on Friday. The company has a 50 day moving average price of $6.91. The stock has a market cap of $4.13 billion, a PE ratio of 87.76 and a beta of 0.47. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.56 and a current ratio of 1.56. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1-year low of $4.08 and a 1-year high of $9.45.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $285.93 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%. The firm’s revenue was up 9.8% on a year-over-year basis. Equities analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. 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 report on Thursday. Wall Street Zen downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Stifel Nicolaus reaffirmed 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. Citigroup lifted their price objective on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, Jefferies Financial Group set a $7.00 price objective on CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.12.

CCC Intelligent Solutions Holdings Inc. Common Stock Profile

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services to the property and casualty insurance economy. Its platform helps insurers, collision repair facilities, automakers, parts suppliers and other participants manage automotive claims and related workflows more efficiently.

The company’s products support the claims lifecycle, including digital claim intake, damage estimating, vehicle repair management, total-loss processing, payments, customer communications and analytics.