38,384 Shares in Kingsoft Cloud Holdings Limited Sponsored ADR $KC Bought by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC has acquired a new position in Kingsoft Cloud Holdings, purchasing 38,384 shares valued at approximately $551,000 in the 1st quarter.
• Analysts have mixed opinions on the stock, with one firm upgrading it to a "strong-buy" rating and another downgrading it to a "sell," leading to a consensus rating of "Moderate Buy."
• Kingsoft Cloud is currently trading at $13.58, having a market capitalization of $3.80 billion, with a considerable volatility represented by a beta of 2.10.

Townsquare Capital LLC bought a new position in Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 38,384 shares of the company's stock, valued at approximately $551,000.

Other hedge funds have also made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of Kingsoft Cloud in the 1st quarter worth $65,000. Bayforest Capital Ltd purchased a new stake in shares of Kingsoft Cloud in the 1st quarter worth $78,000. Marshall Wace LLP purchased a new stake in shares of Kingsoft Cloud in the 4th quarter worth $119,000. Vise Technologies Inc. bought a new stake in Kingsoft Cloud during the 4th quarter valued at $125,000. Finally, Personal CFO Solutions LLC bought a new stake in Kingsoft Cloud during the 1st quarter valued at $176,000. 13.40% of the stock is currently owned by hedge funds and other institutional investors.

Kingsoft Cloud Stock Down 1.7%

Shares of KC traded down $0.23 during midday trading on Thursday, hitting $13.57. 1,487,931 shares of the company's stock traded hands, compared to its average volume of 1,645,739. Kingsoft Cloud Holdings Limited Sponsored ADR has a 1 year low of $2.02 and a 1 year high of $22.26. The firm's fifty day moving average is $13.43 and its 200-day moving average is $14.33. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of -11.90 and a beta of 2.10.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KC shares. Nomura raised Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $18.30 target price on the stock 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 report on Monday, May 5th. Finally, Wall Street Zen cut Kingsoft Cloud from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, Kingsoft Cloud presently has an average rating of "Buy" and an average price target of $15.40.

Kingsoft Cloud Company 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.