Blue Trust Inc. Has $56,000 Position in Kingsoft Cloud Holdings Limited (NASDAQ:KC)

Blue Trust Inc. lifted its holdings in Kingsoft Cloud Holdings Limited (NASDAQ:KC) by 30.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,888 shares of the company’s stock after purchasing an additional 4,458 shares during the quarter. Blue Trust Inc.’s holdings in Kingsoft Cloud were worth $56,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in Kingsoft Cloud by 95.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 640,486 shares of the company’s stock worth $1,947,000 after purchasing an additional 312,132 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Kingsoft Cloud by 4.0% during the second quarter. Renaissance Technologies LLC now owns 460,400 shares of the company’s stock worth $1,156,000 after buying an additional 17,700 shares in the last quarter. Swedbank AB raised its position in Kingsoft Cloud by 5.5% in the 2nd quarter. Swedbank AB now owns 225,140 shares of the company’s stock valued at $565,000 after buying an additional 11,800 shares during the last quarter. Sei Investments Co. lifted its stake in Kingsoft Cloud by 33.6% in the 1st quarter. Sei Investments Co. now owns 139,988 shares of the company’s stock valued at $426,000 after acquiring an additional 35,175 shares in the last quarter. Finally, Headlands Technologies LLC boosted its position in Kingsoft Cloud by 313.9% during the 2nd quarter. Headlands Technologies LLC now owns 32,875 shares of the company’s stock worth $83,000 after acquiring an additional 24,932 shares during the last quarter. 13.40% of the stock is owned by institutional investors.

Kingsoft Cloud Stock Performance

NASDAQ KC opened at $2.75 on Friday. Kingsoft Cloud Holdings Limited has a 52-week low of $2.02 and a 52-week high of $5.80. The stock has a market cap of $697.64 million, a PE ratio of -2.67 and a beta of 2.00. The firm has a 50-day moving average of $2.70 and a 200-day moving average of $2.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.84 and a current ratio of 0.84.

Kingsoft Cloud (NASDAQ:KC) last posted its quarterly earnings data on Tuesday, August 20th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.04). The firm had revenue of $260.32 million for the quarter, compared to the consensus estimate of $251.17 million. Kingsoft Cloud had a negative return on equity of 24.99% and a negative net margin of 25.33%. On average, sell-side analysts anticipate that Kingsoft Cloud Holdings Limited will post -0.69 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Bank of America cut their price target on shares of Kingsoft Cloud from $3.80 to $3.20 and set a “neutral” rating on the stock in a research report on Wednesday, August 21st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.10.

Kingsoft Cloud Company Profile

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, network, database, big data, security, storage, and delivery solutions.