30,942 Shares in Kingsoft Cloud Holdings Limited (NASDAQ:KC) Acquired by GTS Securities LLC

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

A number of other institutional investors and hedge funds also recently modified their holdings of KC. WT Asset Management Ltd purchased a new position in shares of Kingsoft Cloud in the fourth quarter worth approximately $2,613,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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. XY Capital Ltd grew its position 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 purchasing an additional 13,909 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 valued at $8,464,000 after purchasing an additional 696,094 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Kingsoft Cloud during the 4th quarter valued at $226,000. 13.40% of the stock is owned by institutional investors and hedge funds.

Kingsoft Cloud Stock Up 0.7%

Kingsoft Cloud stock traded up $0.08 during trading hours on Monday, hitting $11.25. The company had a trading volume of 1,620,808 shares, compared to its average volume of 2,787,317. The firm's fifty day moving average is $13.17 and its 200-day moving average is $12.80. The firm has a market capitalization of $3.09 billion, a P/E ratio of -9.38 and a beta of 2.24. Kingsoft Cloud Holdings Limited has a fifty-two week low of $2.02 and a fifty-two week high of $22.26. 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) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.06. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.11 billion. Kingsoft Cloud had a negative net margin of 28.41% and a negative return on equity of 19.13%. Kingsoft Cloud's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 earnings per share. On average, research analysts forecast that Kingsoft Cloud Holdings Limited will post -0.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KC. 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. Nomura Securities upgraded Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a research 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.