According to the company’s most recent SEC filing, the California Public Employees Retirement System increased the percentage of shares of Kingsoft Cloud Holdings Ltd (NASDAQ: KC) that it owned during the third quarter by 19.0%.
The institutional investor now has 221,530 shares of ownership in the company after purchasing an additional 35,348 shares during the quarter.
This brings the total number of ownership shares in the company to 221,530.
At the end of the most recent fiscal quarter, the value of the 0.09% stake in Kingsoft Cloud that the California Public Employees Retirement System owned was USD 441,000.
Additionally, hedge funds and various other institutional investors have bought and sold shares of KC.
The total value of PNC Financial Services Group INC’s holdings in Kingsoft Cloud increased by 220.6% over the first three months of 2018. Compared to where it stood three months ago, PNC Financial Services Group INC now has 4,941 shares in the company.
This represents a 3.400-share increase from the previous standing.
The value of these shares as of right now is thirty thousand dollars.
The percentage of Kingsoft Cloud shares that Charles Schwab Investment Management INC owned increased by 4.3% during the first three months of 2018. Charles Schwab Investment Management INC now has a total of 130,987 shares, which are currently valued at $796k, after purchasing an additional 5,343 shares during the preceding quarter.
This brings the total number of shares owned by the company to 130,987.
The Bank Cantonale Vaudoise increased the amount of its shareholding in Kingsoft Cloud during the second quarter, which resulted in a total investment of approximately $45,000.
Engineers Gate Management LP invested approximately $67,000 over the first three months of 2018 to purchase a larger share of Kingsoft Cloud.
And finally, during the first three months of 2018, Vident Investment Advisory LLC increased its holdings by 81.3% by purchasing additional Kingsoft Cloud shares.
As a result of the purchase of 11,478 additional shares during the most recent quarter, Vident Investment Advisory LLC now directly owns a total of 25,589 shares in the company.
The current market price for these shares is $155,000. Currently, institutions hold ownership of 20.32% of the total company stock.
KC began trading at $4.39 on Tuesday.
The company’s market capitalization is 1.11 billion dollars, the price-to-earnings ratio of the stock is -2.80, and the company has a beta of 1.83.
The company’s moving average over the previous 200 days is $3.31, and the moving average over the previous 50 days is $4.42. Kingsoft Cloud Holdings Ltd hit a low of $1.77 during the past year, while the company reached a high of $7.62 during the same period.
Kingsoft Cloud (NASDAQ: KC) disseminated the findings of its most recent quarterly earnings report on the 23rd of November, a Wednesday.
The earnings per share for the company came in at $0.45 for the quarter, which is considered to be in negative territory.
The return on equity and the net margin that Kingsoft Cloud reported were red.
The return on equity was -23.89%, and the net margin was -29.78%.
The amount of $276.77 million in revenue brought in by the company during the period under consideration was reported.
Market analysts agree that Kingsoft Cloud Holdings Ltd will post a loss of $0.98 per share for the current fiscal year.
On the 9th of January, a separate development occurred in which China Renaissance changed their recommendation for Kingsoft Cloud from “hold” to “sell.”
China-based businesses and organizations can obtain cloud computing services from Kingsoft Cloud Holdings Ltd, which operates in this industry. Clients in the healthcare sector, public sector, and financial sector are some industries that benefit from the enterprise cloud services the company offers.
In addition, the company offers its clients public cloud services across a wide range of business sectors, including mobile internet, e-commerce, education, gaming, and video industries, as well as artificial intelligence (AI) and video.
Conduct research into the operations of any additional hedge funds that may have investments in the Kansas City region.
To review the most recent 13F filings and insider trades about Kingsoft Cloud Holdings Limited, please visit HoldingsChannel.com (NASDAQ: KC).
Source: beststocks.com
