Norman Fields Gottscho Capital Management LLC Acquires New Holdings in CCC Intelligent Solutions Holdings Inc. $CCCS

Norman Fields Gottscho Capital Management LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 73,825 shares of the company’s stock, valued at approximately $673,000.

Other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CCC Intelligent Solutions in the 2nd quarter valued at approximately $25,000. Osaic Holdings Inc. increased its holdings in CCC Intelligent Solutions by 293.7% in the 2nd quarter. Osaic Holdings Inc. now owns 3,083 shares of the company’s stock valued at $29,000 after purchasing an additional 2,300 shares during the last quarter. Park Place Capital Corp raised its position in CCC Intelligent Solutions by 47.6% in the second quarter. Park Place Capital Corp now owns 3,806 shares of the company’s stock valued at $36,000 after purchasing an additional 1,228 shares during the period. AlphaQuest LLC acquired a new position in CCC Intelligent Solutions during the first quarter worth $47,000. Finally, First Horizon Advisors Inc. lifted its stake in CCC Intelligent Solutions by 134.8% during the second quarter. First Horizon Advisors Inc. now owns 6,409 shares of the company’s stock worth $60,000 after purchasing an additional 3,679 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Jefferies Financial Group set a $11.00 price objective on CCC Intelligent Solutions in a report on Thursday, October 30th. Barrington Research reiterated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Monday, October 27th. Barclays lowered their price objective on shares of CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 14th. Piper Sandler cut their target price on shares of CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Finally, Stifel Nicolaus decreased their price target on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.38.

CCC Intelligent Solutions Price Performance

Shares of CCCS opened at $7.98 on Friday. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 399.20 and a beta of 0.72. The firm’s fifty day simple moving average is $7.97 and its 200-day simple moving average is $8.98. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $8.14 and a twelve month high of $12.88. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions (NYSE:CCCS) last posted its earnings results on Thursday, October 30th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $267.12 million for the quarter, compared to analyst estimates of $265.01 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.CCC Intelligent Solutions’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 earnings per share. Equities analysts forecast that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

CCC Intelligent Solutions Profile

CCC Intelligent Solutions Inc (NYSE: CCCS) is a leading provider of digital solutions and data analytics to the property and casualty insurance, automotive repair, and connected vehicle markets. The company’s core offerings are designed to improve the efficiency, accuracy, and transparency of collision repair and claims processes. By leveraging advanced machine learning, computer vision, and telematics, CCC enables insurers, repair shops, and vehicle owners to streamline workflows, enhance decision-making, and reduce cycle times.

The company’s flagship platform, CCC ONE®, integrates estimating, repair management, parts sourcing, supplier collaboration, and digital transaction workflows into a single, cloud-based environment.