Headlands Technologies LLC Acquires New Position in Kingsoft Cloud Holdings Limited (NASDAQ:KC)

Headlands Technologies LLC acquired a new position in Kingsoft Cloud Holdings Limited (NASDAQ:KC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 285,076 shares of the company's stock, valued at approximately $2,990,000. Headlands Technologies LLC owned 0.11% of Kingsoft Cloud as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in Kingsoft Cloud during the fourth quarter valued at about $226,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of 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 acquiring an additional 696,094 shares during the period. XY Capital Ltd increased its holdings in Kingsoft Cloud by 19.1% in the 4th quarter. XY Capital Ltd now owns 86,567 shares of the company's stock worth $908,000 after acquiring an additional 13,909 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Kingsoft Cloud by 12.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,549 shares of the company's stock worth $205,000 after acquiring an additional 2,200 shares during the period. Finally, WT Asset Management Ltd bought a new position in shares of Kingsoft Cloud in the fourth quarter worth approximately $2,613,000. Hedge funds and other institutional investors own 13.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KC shares. Nomura Securities cut shares of Kingsoft Cloud from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. UBS Group upgraded Kingsoft Cloud from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $4.20 to $12.50 in a research report on Friday, December 6th. Finally, Nomura cut Kingsoft Cloud from a "buy" rating to a "neutral" rating in a research report on Monday, March 3rd.

Kingsoft Cloud Price Performance

Shares of KC traded down $1.54 during midday trading on Friday, hitting $13.34. 4,234,968 shares of the company traded hands, compared to its average volume of 2,470,946. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of -11.12 and a beta of 2.23. The firm has a 50 day moving average of $16.49 and a 200-day moving average of $9.86. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 0.67. Kingsoft Cloud Holdings Limited has a 52 week low of $2.02 and a 52 week high of $22.26.

Kingsoft Cloud (NASDAQ:KC - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates 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 firm 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 company earned $0.08 EPS. The company's quarterly revenue was up 29.6% compared to the same quarter last year. On average, analysts forecast that Kingsoft Cloud Holdings Limited will post -0.63 EPS 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.