GSA Capital Partners LLP Purchases 18,295 Shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC)

Key Points

• GSA Capital Partners LLP increased its stake in Kingsoft Cloud Holdings Limited by 20.9%, holding 105,843 shares valued at approximately $1.52 million.
• Nomura upgraded Kingsoft Cloud from a "neutral" to a "buy" rating, with a price target set at $18.30, reflecting growing confidence from analysts.
• The stock has shown significant volatility, with a 12-month low of $2.02 and a high of $22.26, indicating potential for both gains and risks in investing.

GSA Capital Partners LLP boosted its position in Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Free Report) by 20.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 105,843 shares of the company's stock after acquiring an additional 18,295 shares during the period. GSA Capital Partners LLP's holdings in Kingsoft Cloud were worth $1,520,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KC. D. E. Shaw & Co. Inc. bought a new stake in Kingsoft Cloud during the fourth quarter worth $21,076,000. Voloridge Investment Management LLC bought a new stake in Kingsoft Cloud during the fourth quarter worth $16,345,000. Millennium Management LLC lifted its holdings in Kingsoft Cloud by 4,098.3% during the fourth quarter. Millennium Management LLC now owns 895,004 shares of the company's stock worth $9,389,000 after acquiring an additional 873,686 shares during the period. Renaissance Technologies LLC lifted its holdings in Kingsoft Cloud by 69.8% during the fourth quarter. Renaissance Technologies LLC now owns 867,934 shares of the company's stock worth $9,105,000 after acquiring an additional 356,834 shares during the period. Finally, Two Sigma Investments LP bought a new stake in Kingsoft Cloud during the fourth quarter worth $6,378,000. Institutional investors own 13.40% of the company's stock.

Wall Street Analyst Weigh In

KC has been the topic of a number of recent analyst reports. Nomura Securities upgraded Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a report on Monday, May 5th. Wall Street Zen lowered Kingsoft Cloud from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Finally, Nomura upgraded Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $18.30 price target on the stock in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $11.33.

Kingsoft Cloud Stock Performance

Shares of KC traded down $1.02 during mid-day trading on Friday, hitting $13.46. The stock had a trading volume of 2,514,591 shares, compared to its average volume of 3,080,236. The firm has a market cap of $3.76 billion, a P/E ratio of -12.24 and a beta of 2.10. The business has a fifty day moving average price of $12.99 and a 200-day moving average price of $14.04. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.73. Kingsoft Cloud Holdings Limited Sponsored ADR has a 52 week low of $2.02 and a 52 week high of $22.26.

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.