GTS Securities LLC Buys New Position in Kingsoft Cloud Holdings Limited (NASDAQ:KC)

GTS Securities LLC bought a new stake in Kingsoft Cloud Holdings Limited (NASDAQ:KC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 30,942 shares of the company's stock, valued at approximately $325,000.

Several other large investors have also modified their holdings of the stock. Marshall Wace LLP purchased a new stake in shares of Kingsoft Cloud in the fourth quarter valued at approximately $119,000. Vise Technologies Inc. acquired a new position in shares of Kingsoft Cloud during the 4th quarter worth $125,000. Cetera Investment Advisers purchased a new position in shares of Kingsoft Cloud in the 4th quarter valued at about $138,000. Mirae Asset Global Investments Co. Ltd. increased its holdings 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 valued at $205,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Kingsoft Cloud in the fourth quarter valued at about $226,000. Hedge funds and other institutional investors own 13.40% of the company's stock.

Analyst Upgrades and Downgrades

KC has been the subject of a number of research reports. Nomura upgraded shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $18.30 price target for the company in a research report on Monday, May 5th. Nomura Securities raised Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 5th.

Kingsoft Cloud Price Performance

Kingsoft Cloud stock traded down $0.75 during mid-day trading on Friday, hitting $11.06. 2,410,119 shares of the company were exchanged, compared to its average volume of 2,792,030. Kingsoft Cloud Holdings Limited has a 12-month low of $2.02 and a 12-month high of $22.26. The company has a market capitalization of $3.04 billion, a P/E ratio of -9.22 and a beta of 2.24. The business's 50 day simple moving average is $13.26 and its two-hundred day simple moving average is $12.70. 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 (NASDAQ:KC - Get Free Report) last posted 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 return on equity of 19.13% and a negative net margin of 28.41%. The company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the previous year, the business earned $0.08 EPS. The firm's revenue was up 29.6% on a year-over-year basis. Analysts forecast that Kingsoft Cloud Holdings Limited will post -0.63 earnings per share 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.