OLD Mission Capital LLC Invests $3.03 Million in Kingsoft Cloud Holdings Limited Sponsored ADR $KC

Key Points

• OLD Mission Capital LLC has invested $3.03 million in Kingsoft Cloud Holdings Limited, acquiring 211,252 shares, which represents approximately 0.08% of the company's stock.
• Kingsoft Cloud's stock is currently trading lower at $14.77, with a 52-week range between $2.02 and $22.26, and a market capitalization of $4.13 billion.
• Analyst ratings for Kingsoft Cloud have improved, with Nomura Securities upgrading it to a "strong-buy" and providing a target price of $18.30.

OLD Mission Capital LLC acquired a new position in Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 211,252 shares of the company's stock, valued at approximately $3,034,000. OLD Mission Capital LLC owned about 0.08% of Kingsoft Cloud at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of KC. D. E. Shaw & Co. Inc. acquired a new stake in shares of Kingsoft Cloud in the fourth quarter worth $21,076,000. Voloridge Investment Management LLC bought a new position in Kingsoft Cloud in the fourth quarter worth $16,345,000. Millennium Management LLC lifted its position in Kingsoft Cloud by 4,098.3% in the fourth quarter. Millennium Management LLC now owns 895,004 shares of the company's stock worth $9,389,000 after purchasing an additional 873,686 shares during the period. Russell Investments Group Ltd. bought a new position in Kingsoft Cloud in the first quarter worth $10,573,000. Finally, Two Sigma Investments LP bought a new position in Kingsoft Cloud in the fourth quarter worth $6,378,000. Institutional investors and hedge funds own 13.40% of the company's stock.

Kingsoft Cloud Stock Down 2.0%

Shares of NASDAQ:KC opened at $14.77 on Friday. Kingsoft Cloud Holdings Limited Sponsored ADR has a 52 week low of $2.02 and a 52 week high of $22.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 0.96. The company's fifty day moving average is $13.72 and its 200-day moving average is $14.24. The company has a market capitalization of $4.13 billion, a PE ratio of -12.96 and a beta of 2.10.

Analyst Ratings Changes

Several brokerages recently commented on KC. Nomura Securities raised Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 5th. Nomura raised Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $18.30 target price for the company in a research report on Monday, May 5th. Zacks Research raised Kingsoft Cloud from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, Wall Street Zen raised Kingsoft Cloud from a "sell" rating to a "hold" rating in a research report on Sunday, August 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Kingsoft Cloud presently has a consensus rating of "Buy" and an average target price of $15.40.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.