Headlands Technologies LLC Invests $2.99 Million in Kingsoft Cloud Holdings Limited (NASDAQ:KC)

Headlands Technologies LLC bought a new stake in Kingsoft Cloud Holdings Limited (NASDAQ:KC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its position 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 worth $8,464,000 after buying an additional 696,094 shares during the period. State Street Corp grew its holdings in Kingsoft Cloud by 0.5% in the third quarter. State Street Corp now owns 609,790 shares of the company’s stock worth $1,793,000 after purchasing an additional 3,104 shares during the period. Jane Street Group LLC increased its stake in Kingsoft Cloud by 383.5% in the third quarter. Jane Street Group LLC now owns 322,503 shares of the company’s stock valued at $948,000 after purchasing an additional 255,795 shares in the last quarter. WT Asset Management Ltd acquired a new position in shares of Kingsoft Cloud during the fourth quarter valued at about $2,613,000. Finally, XY Capital Ltd grew its stake in shares of Kingsoft Cloud by 19.1% in the 4th quarter. XY Capital Ltd now owns 86,567 shares of the company’s stock valued at $908,000 after buying an additional 13,909 shares during the period. Institutional investors and hedge funds own 13.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Nomura lowered Kingsoft Cloud from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. UBS Group upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and increased their target price for the stock from $4.20 to $12.50 in a report on Friday, December 6th. Finally, Nomura Securities lowered shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd.

Kingsoft Cloud Stock Up 2.8 %

KC stock opened at $14.36 on Tuesday. The firm has a market capitalization of $3.64 billion, a PE ratio of -11.97 and a beta of 2.23. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.10. Kingsoft Cloud Holdings Limited has a twelve month low of $2.02 and a twelve month high of $22.26. The stock’s 50 day moving average is $16.14 and its 200-day moving average is $9.58.

Kingsoft Cloud (NASDAQ:KC) last issued its quarterly earnings data 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 business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period last year, the business earned $0.08 EPS. The business’s revenue was up 29.6% on a year-over-year basis. Sell-side analysts expect 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.