GSA Capital Partners LLP Grows Stake in Kingsoft Cloud Holdings Limited (NASDAQ:KC)

GSA Capital Partners LLP grew its position in Kingsoft Cloud Holdings Limited (NASDAQ:KC) by 90.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 172,415 shares of the company’s stock after purchasing an additional 81,751 shares during the quarter. GSA Capital Partners LLP’s holdings in Kingsoft Cloud were worth $507,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KC. Profund Advisors LLC purchased a new stake in shares of Kingsoft Cloud during the second quarter valued at $27,000. Blue Trust Inc. purchased a new stake in shares of Kingsoft Cloud during the second quarter valued at $36,000. SG Americas Securities LLC purchased a new stake in shares of Kingsoft Cloud during the third quarter valued at $47,000. Headlands Technologies LLC grew its holdings in shares of Kingsoft Cloud by 313.9% during the second quarter. Headlands Technologies LLC now owns 32,875 shares of the company’s stock valued at $83,000 after buying an additional 24,932 shares during the last quarter. Finally, XY Capital Ltd purchased a new stake in shares of Kingsoft Cloud during the third quarter valued at $214,000. 13.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Bank of America dropped their price objective on shares of Kingsoft Cloud from $3.80 to $3.20 and set a “neutral” rating on the stock in a report on Wednesday, August 21st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4.10.

Kingsoft Cloud Trading Up 5.8 %

NASDAQ KC opened at $4.59 on Wednesday. The company has a market capitalization of $1.16 billion, a PE ratio of -4.46 and a beta of 2.00. The company has a fifty day moving average of $3.15 and a 200 day moving average of $2.85. Kingsoft Cloud Holdings Limited has a 1 year low of $2.02 and a 1 year high of $5.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.84 and a quick ratio of 0.84.

Kingsoft Cloud (NASDAQ:KC) last posted its earnings results on Tuesday, August 20th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The business had revenue of $260.32 million for the quarter, compared to analyst estimates of $251.17 million. Kingsoft Cloud had a negative net margin of 25.33% and a negative return on equity of 24.99%. Research analysts forecast that Kingsoft Cloud Holdings Limited will post -0.69 earnings per share for the current year.

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.