575,504 Shares in Kingsoft Cloud Holdings Limited (NASDAQ:KC) Acquired by Tiger Pacific Capital LP

Tiger Pacific Capital LP acquired a new position in Kingsoft Cloud Holdings Limited (NASDAQ:KC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 575,504 shares of the company’s stock, valued at approximately $6,037,000. Kingsoft Cloud accounts for 1.6% of Tiger Pacific Capital LP’s investment portfolio, making the stock its 12th largest position. Tiger Pacific Capital LP owned about 0.23% of Kingsoft Cloud at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KC. Marshall Wace LLP purchased a new stake in Kingsoft Cloud in the 4th quarter worth approximately $119,000. Cetera Investment Advisers bought a new position in shares of Kingsoft Cloud during the 4th quarter valued at $138,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of 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 valued at $205,000 after purchasing an additional 2,200 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Kingsoft Cloud during the 4th quarter valued at $226,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Kingsoft Cloud by 460.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 30,177 shares of the company’s stock valued at $317,000 after purchasing an additional 24,796 shares in the last quarter. Institutional investors and hedge funds own 13.40% of the company’s stock.

Kingsoft Cloud Stock Performance

NASDAQ KC opened at $13.72 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of -11.43 and a beta of 2.24. The company’s fifty day moving average is $14.07 and its two-hundred day moving average is $12.06. Kingsoft Cloud Holdings Limited has a 52-week low of $2.02 and a 52-week high of $22.26.

Kingsoft Cloud (NASDAQ:KC) last issued its 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 net margin of 28.41% and a negative return on equity of 19.13%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the previous year, the business earned $0.08 EPS. The firm’s revenue was up 29.6% on a year-over-year basis. Equities research analysts forecast that Kingsoft Cloud Holdings Limited will post -0.63 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Nomura Securities upgraded shares of Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a report on Monday, May 5th. Nomura upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $18.30 target price on the stock in a report on Monday, May 5th.

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.