Do Collier Creek Holdings (NYSE: CCH) Fit In A Value Investing Philosophy?


    BAMCO, Inc. recently announced the acquisition of new stake in Collier Creek Holdings (NYSE:CCH). This fresh investment now brings its stake to 9.77% valued currently at $57.53 million. In addition, Morgan Stanley Investment Managem.. raised its holdings by 3.47 million to 3.47 million shares. And Southpoint Capital Advisors LP has lifted its position by 5.40% or 0.15 million shares – to 2.9 million shares.

    With over 1.69 million Collier Creek Holdings (CCH) shares trading Friday and a closing price of $16.34 on the day, the dollar volume was approximately $27.59 million. The shares have shown a positive weekly performance of 19.97% and its price on 08/28/20 gained nearly 4.68%. Currently, there are 44.00M common shares owned by the public and among those 41.10M shares have been available to trade.

    Shares of Collier Creek Holdings (NYSE: CCH) opened at $15.80, up $0.19 from a prior closing price of $15.61. However, the script later closed the day at $16.34, up 4.68%. The company’s stock has a 5-day price change of 19.97% and 50.18% over the past three months. CCH shares are trading 58.95% year to date (YTD), with the 12-month market performance up to 62.10% higher. It has a 12-month low price of $9.84 and touched a high of $17.00 over the same period. Currently, 1.69 million shares have been traded, compared to an average intraday trading volume of 1.13 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 16.50%, 17.88%, and 42.91% respectively.

    Institutional ownership of Collier Creek Holdings (NYSE: CCH) shares accounts for 65.16% of the company’s 44.00M shares outstanding. Mutual fund holders own 23.74%, while other institutional holders and individual stakeholders account for 54.91% and — respectively.

    It has a market capitalization of $718.96M. The stock’s trailing 12-month PE ratio is 291.79, while the earnings-per-share (ttm) stands at $0.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.21% over the week and 3.96% over the month.

    Looking at the support for the CCH, a number of firms have released research notes about the stock. DA Davidson stated their Buy rating for the stock in a research note on July 02, 2020, with the firm’s price target at $17.


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