HCEP Management Ltd Takes $535,000 Position in Kingsoft Cloud Holdings Limited (NASDAQ:KC)

HCEP Management Ltd acquired a new position in Kingsoft Cloud Holdings Limited (NASDAQ:KC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,965 shares of the company's stock, valued at approximately $535,000. Kingsoft Cloud makes up 0.4% of HCEP Management Ltd's portfolio, making the stock its 9th largest holding.

A number of other hedge funds also recently made changes to their positions in the company. Walleye Capital LLC acquired a new stake in Kingsoft Cloud during the third quarter worth about $119,000. State Street Corp lifted its position in Kingsoft Cloud by 0.5% in the third quarter. State Street Corp now owns 609,790 shares of the company's stock worth $1,793,000 after purchasing an additional 3,104 shares during the period. Jane Street Group LLC boosted its stake in Kingsoft Cloud by 383.5% during the third quarter. Jane Street Group LLC now owns 322,503 shares of the company's stock valued at $948,000 after buying an additional 255,795 shares in the last quarter. Yeomans Consulting Group Inc. acquired a new position in Kingsoft Cloud in the fourth quarter worth approximately $318,000. Finally, WT Asset Management Ltd purchased a new stake in Kingsoft Cloud in the 4th quarter worth about $2,613,000. Hedge funds and other institutional investors own 13.40% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Nomura Securities cut Kingsoft Cloud from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd. Nomura lowered shares of Kingsoft Cloud from a "buy" rating to a "neutral" rating in a report on Monday, March 3rd.

Kingsoft Cloud Stock Down 2.1 %

Shares of NASDAQ:KC traded down $0.28 during midday trading on Thursday, reaching $12.71. 1,402,961 shares of the company were exchanged, compared to its average volume of 2,503,977. The firm has a market cap of $3.22 billion, a PE ratio of -10.58 and a beta of 2.23. The stock has a fifty day simple moving average of $16.50 and a two-hundred day simple moving average of $10.15. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.10. Kingsoft Cloud Holdings Limited has a fifty-two week low of $2.02 and a fifty-two week high of $22.26.

Kingsoft Cloud (NASDAQ:KC - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.06. Kingsoft Cloud had a negative net margin of 28.41% and a negative return on equity of 19.13%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the prior year, the business posted $0.08 EPS. The company's quarterly revenue was up 29.6% on a year-over-year basis. As a group, sell-side analysts forecast that Kingsoft Cloud Holdings Limited will post -0.63 earnings per share for the current 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.