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

GSA Capital Partners LLP lifted its holdings in Kingsoft Cloud Holdings Limited (NASDAQ:KC) by 90.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,415 shares of the company’s stock after acquiring an additional 81,751 shares during the period. GSA Capital Partners LLP owned 0.07% of Kingsoft Cloud worth $507,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in KC. Profund Advisors LLC bought a new stake in Kingsoft Cloud in the second quarter worth about $27,000. Blue Trust Inc. bought a new stake in shares of Kingsoft Cloud during the second quarter valued at approximately $36,000. SG Americas Securities LLC bought a new stake in shares of Kingsoft Cloud during the third quarter valued at approximately $47,000. Headlands Technologies LLC raised its stake 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 acquiring an additional 24,932 shares in the last quarter. Finally, XY Capital Ltd bought a new stake in shares of Kingsoft Cloud during the third quarter valued at approximately $214,000. Institutional investors own 13.40% of the company’s stock.

Kingsoft Cloud Stock Performance

Shares of KC stock opened at $4.59 on Wednesday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -4.46 and a beta of 2.00. The company’s 50 day moving average is $3.15 and its 200 day moving average is $2.85. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.03. Kingsoft Cloud Holdings Limited has a 52-week low of $2.02 and a 52-week high of $5.64.

Kingsoft Cloud (NASDAQ:KC) last issued its quarterly earnings data on Tuesday, August 20th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.04). The business had revenue of $260.32 million for the quarter, compared to analysts’ expectations of $251.17 million. Kingsoft Cloud had a negative net margin of 25.33% and a negative return on equity of 24.99%. On average, sell-side analysts anticipate that Kingsoft Cloud Holdings Limited will post -0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Bank of America decreased their price target on shares of Kingsoft Cloud from $3.80 to $3.20 and set a “neutral” rating for the company in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $4.10.

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.