Tiger Pacific Capital LP Takes $6.04 Million Position in Kingsoft Cloud Holdings Limited (NASDAQ:KC)

Tiger Pacific Capital LP purchased a new stake in shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 575,504 shares of the company's stock, valued at approximately $6,037,000. Kingsoft Cloud accounts for about 1.6% of Tiger Pacific Capital LP's holdings, making the stock its 12th largest holding. Tiger Pacific Capital LP owned approximately 0.23% of Kingsoft Cloud at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Kingsoft Cloud by 12.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,549 shares of the company's stock worth $205,000 after purchasing an additional 2,200 shares during the period. Yeomans Consulting Group Inc. purchased a new stake in Kingsoft Cloud during the fourth quarter worth $318,000. Quantbot Technologies LP purchased a new stake in Kingsoft Cloud during the fourth quarter worth $226,000. Invesco Ltd. boosted its position in Kingsoft Cloud by 8.4% during the 4th quarter. Invesco Ltd. now owns 62,855 shares of the company's stock valued at $659,000 after acquiring an additional 4,878 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Kingsoft Cloud in the 4th quarter valued at $119,000. 13.40% of the stock is currently owned by institutional investors.

Kingsoft Cloud Stock Performance

KC stock traded down $0.34 during trading on Friday, hitting $13.07. 753,834 shares of the company traded hands, compared to its average volume of 2,748,505. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.67 and a quick ratio of 0.67. Kingsoft Cloud Holdings Limited has a 1 year low of $2.02 and a 1 year high of $22.26. The stock's 50-day simple moving average is $13.78 and its 200 day simple moving average is $12.30. The company has a market cap of $3.59 billion, a PE ratio of -10.88 and a beta of 2.24.

Kingsoft Cloud (NASDAQ:KC - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported ($0.05) EPS 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 company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the business earned $0.08 earnings per share. The firm's revenue was up 29.6% on a year-over-year basis. On average, equities analysts expect that Kingsoft Cloud Holdings Limited will post -0.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KC. Nomura raised shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $18.30 price objective on the stock in a research report on Monday, May 5th. Nomura Securities raised shares of Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a report on Monday, May 5th.

About Kingsoft Cloud

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.