Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cision Ltd (NYSE:CISN) by 290.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,216 shares of the company’s stock after purchasing an additional 4,624 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cision were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Cision by 228.1% during the fourth quarter. Bank of America Corp DE now owns 80,432 shares of the company’s stock worth $941,000 after acquiring an additional 55,915 shares during the last quarter. Legal & General Group Plc grew its stake in Cision by 25.3% in the fourth quarter. Legal & General Group Plc now owns 11,114 shares of the company’s stock valued at $130,000 after acquiring an additional 2,242 shares during the period. Dimensional Fund Advisors LP grew its stake in Cision by 73.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 923,949 shares of the company’s stock valued at $10,810,000 after acquiring an additional 391,361 shares during the period. Deutsche Bank AG grew its stake in Cision by 18.5% in the fourth quarter. Deutsche Bank AG now owns 221,620 shares of the company’s stock valued at $2,591,000 after acquiring an additional 34,677 shares during the period. Finally, Steinberg Global Asset Management grew its stake in Cision by 11.2% in the first quarter. Steinberg Global Asset Management now owns 179,093 shares of the company’s stock valued at $2,466,000 after acquiring an additional 18,099 shares during the period. 54.05% of the stock is currently owned by institutional investors.
Shares of CISN stock traded down $0.06 during trading hours on Thursday, reaching $6.50. The company’s stock had a trading volume of 6,894 shares, compared to its average volume of 1,015,085. Cision Ltd has a fifty-two week low of $6.02 and a fifty-two week high of $18.28. The company has a market capitalization of $957.08 million, a price-to-earnings ratio of 7.77 and a beta of 0.62. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.75. The firm’s 50 day simple moving average is $9.50 and its 200-day simple moving average is $11.65.
In related news, insider Rainer Mathes sold 17,819 shares of Cision stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $10.86, for a total value of $193,514.34. Following the sale, the insider now owns 1,694,949 shares of the company’s stock, valued at approximately $18,407,146.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 94,301 shares of company stock worth $1,033,205 in the last ninety days. 4.80% of the stock is currently owned by insiders.
Several research analysts have recently weighed in on CISN shares. Zacks Investment Research cut Cision from a “hold” rating to a “sell” rating in a research report on Tuesday. BMO Capital Markets dropped their target price on Cision from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, Cowen set a $14.00 target price on Cision and gave the stock a “buy” rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.50.
Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services to businesses worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs.
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