Quantbot Technologies LP Makes New Investment in Kingsoft Cloud Holdings Limited (NASDAQ:KC)

Quantbot Technologies LP acquired a new position in shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 21,528 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Kingsoft Cloud by 628.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 806,902 shares of the company’s stock worth $8,464,000 after acquiring an additional 696,094 shares during the last quarter. State Street Corp grew its stake in shares of Kingsoft Cloud by 0.5% during the third quarter. State Street Corp now owns 609,790 shares of the company’s stock valued at $1,793,000 after purchasing an additional 3,104 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Kingsoft Cloud by 383.5% in the third quarter. Jane Street Group LLC now owns 322,503 shares of the company’s stock valued at $948,000 after purchasing an additional 255,795 shares in the last quarter. WT Asset Management Ltd bought a new position in Kingsoft Cloud in the 4th quarter worth approximately $2,613,000. Finally, XY Capital Ltd lifted its holdings in Kingsoft Cloud by 19.1% during the 4th quarter. XY Capital Ltd now owns 86,567 shares of the company’s stock worth $908,000 after buying an additional 13,909 shares in the last quarter. Institutional investors own 13.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KC shares. Nomura Securities downgraded Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. UBS Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and upped their target price for the company from $4.20 to $12.50 in a research report on Friday, December 6th. Finally, Nomura cut shares of Kingsoft Cloud from a “buy” rating to a “neutral” rating in a research report on Monday, March 3rd.

Kingsoft Cloud Stock Down 8.2 %

KC stock opened at $13.97 on Friday. The company has a market cap of $3.54 billion, a price-to-earnings ratio of -11.64 and a beta of 2.23. Kingsoft Cloud Holdings Limited has a twelve month low of $2.02 and a twelve month high of $22.26. The business has a 50 day moving average price of $16.05 and a two-hundred day moving average price of $9.44. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.10.

Kingsoft Cloud (NASDAQ:KC) last released its earnings results on Wednesday, March 19th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.06. Kingsoft Cloud had a negative net margin of 28.41% and a negative return on equity of 19.13%. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period last year, the business earned $0.08 earnings per share. The firm’s revenue was up 29.6% on a year-over-year basis. Analysts anticipate that Kingsoft Cloud Holdings Limited will post -0.63 EPS for the current fiscal year.

Kingsoft Cloud 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.