Jump Financial LLC Buys Shares of 589,066 Kingsoft Cloud Holdings Limited (NASDAQ:KC)

Jump Financial LLC purchased a new stake in shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 589,066 shares of the company's stock, valued at approximately $6,179,000. Jump Financial LLC owned approximately 0.23% of Kingsoft Cloud at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of 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 valued at $205,000 after acquiring an additional 2,200 shares during the last quarter. Quantbot Technologies LP acquired a new position in Kingsoft Cloud during the fourth quarter valued at $226,000. Yeomans Consulting Group Inc. purchased a new stake in Kingsoft Cloud in the fourth quarter valued at $318,000. HCEP Management Ltd purchased a new position in shares of Kingsoft Cloud during the 4th quarter valued at about $535,000. Finally, XTX Topco Ltd acquired a new position in shares of Kingsoft Cloud in the 4th quarter valued at about $540,000. Hedge funds and other institutional investors own 13.40% of the company's stock.

Analyst Ratings Changes

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

Kingsoft Cloud Price Performance

NASDAQ:KC traded down $0.04 during trading hours on Monday, hitting $11.00. 1,220,326 shares of the stock were exchanged, compared to its average volume of 3,853,822. The company has a market cap of $2.79 billion, a P/E ratio of -9.17 and a beta of 2.23. The firm's fifty day moving average price is $15.93 and its 200 day moving average price is $10.66. Kingsoft Cloud Holdings Limited has a 52-week low of $2.02 and a 52-week high of $22.26. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.10.

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

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.