51,434 Shares in Kingsoft Cloud Holdings Limited (NASDAQ:KC) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new position in shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 51,434 shares of the company's stock, valued at approximately $540,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KC. Mirae Asset Global Investments Co. Ltd. grew 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 buying an additional 2,200 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Kingsoft Cloud during the fourth quarter worth approximately $226,000. Yeomans Consulting Group Inc. purchased a new stake in shares of Kingsoft Cloud in the fourth quarter valued at about $318,000. HCEP Management Ltd purchased a new stake in Kingsoft Cloud in the 4th quarter valued at approximately $535,000. Finally, Invesco Ltd. raised its position in Kingsoft Cloud by 8.4% in the fourth quarter. Invesco Ltd. now owns 62,855 shares of the company's stock worth $659,000 after acquiring an additional 4,878 shares in the last quarter. 13.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Kingsoft Cloud Trading Down 4.5 %

Shares of Kingsoft Cloud stock traded down $0.57 during mid-day trading on Friday, hitting $11.97. 692,510 shares of the stock were exchanged, compared to its average volume of 2,660,835. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of -9.95 and a beta of 2.23. Kingsoft Cloud Holdings Limited has a twelve month low of $2.02 and a twelve month 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. The company has a 50-day simple moving average of $15.35 and a 200 day simple moving average of $10.79.

Kingsoft Cloud (NASDAQ:KC - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate 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 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 previous year, the firm posted $0.08 EPS. Kingsoft Cloud's revenue was up 29.6% on a year-over-year basis. Research analysts forecast that Kingsoft Cloud Holdings Limited will post -0.63 EPS for the current 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.