Rockbridge Capital Management LLC Has $3.68 Million Position in CCC Intelligent Solutions Holdings Inc. $CCCS

Rockbridge Capital Management LLC lowered its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 40.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 404,249 shares of the company’s stock after selling 277,000 shares during the period. CCC Intelligent Solutions accounts for about 2.2% of Rockbridge Capital Management LLC’s holdings, making the stock its 15th biggest holding. Rockbridge Capital Management LLC’s holdings in CCC Intelligent Solutions were worth $3,683,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in CCC Intelligent Solutions in the 2nd quarter valued at $25,000. Osaic Holdings Inc. raised its stake in shares of 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 period. First Horizon Advisors Inc. lifted its holdings in shares of CCC Intelligent Solutions by 134.8% in the second quarter. First Horizon Advisors Inc. now owns 6,409 shares of the company’s stock valued at $60,000 after purchasing an additional 3,679 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of CCC Intelligent Solutions by 40.4% in the first quarter. Advisors Asset Management Inc. now owns 6,599 shares of the company’s stock valued at $60,000 after purchasing an additional 1,898 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in shares of CCC Intelligent Solutions by 153.7% during the third quarter. TD Private Client Wealth LLC now owns 7,140 shares of the company’s stock worth $65,000 after buying an additional 4,326 shares during the period. Institutional investors own 95.79% of the company’s stock.

Analyst Ratings Changes

CCCS has been the topic of several research reports. Piper Sandler cut their target price on 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. Stifel Nicolaus cut their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Four research 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’s stock. According to MarketBeat.com, CCC Intelligent Solutions has a consensus rating of “Hold” and an average target price of $11.38.

CCC Intelligent Solutions Stock Down 5.8%

CCC Intelligent Solutions stock opened at $5.97 on Friday. The company’s 50-day moving average price is $7.10 and its two-hundred day moving average price is $8.16. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The stock has a market cap of $3.89 billion, a P/E ratio of 298.65 and a beta of 0.72. CCC Intelligent Solutions Holdings Inc. has a twelve month low of $8.14 and a twelve month high of $12.88.

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.