Yeomans Consulting Group Inc. Purchases New Position in Kingsoft Cloud Holdings Limited (NASDAQ:KC)

Yeomans Consulting Group Inc. acquired a new position in shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 30,350 shares of the company’s stock, valued at approximately $318,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp increased its position in shares of Kingsoft Cloud by 0.5% during the third quarter. State Street Corp now owns 609,790 shares of the company’s stock worth $1,793,000 after acquiring an additional 3,104 shares during the last quarter. Blue Trust Inc. grew its holdings in Kingsoft Cloud by 30.9% during the 3rd quarter. Blue Trust Inc. now owns 18,888 shares of the company’s stock worth $56,000 after acquiring an additional 4,458 shares in the last quarter. Profund Advisors LLC bought a new stake in shares of Kingsoft Cloud in the 2nd quarter worth about $27,000. SG Americas Securities LLC bought a new stake in shares of Kingsoft Cloud in the 3rd quarter worth about $47,000. Finally, Renaissance Technologies LLC raised its stake in shares of Kingsoft Cloud by 4.0% in the 2nd quarter. Renaissance Technologies LLC now owns 460,400 shares of the company’s stock valued at $1,156,000 after purchasing an additional 17,700 shares in the last quarter. Hedge funds and other institutional investors own 13.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Nomura raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $2.30 to $6.70 in a report on Friday, November 22nd. Nomura Securities raised shares of Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, UBS Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $4.20 to $12.50 in a research note on Friday, December 6th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Kingsoft Cloud currently has an average rating of “Buy” and an average target price of $5.93.

Kingsoft Cloud Price Performance

Shares of NASDAQ KC opened at $9.54 on Friday. Kingsoft Cloud Holdings Limited has a twelve month low of $2.02 and a twelve month high of $12.84. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $8.74 and a two-hundred day moving average of $4.85. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of -7.95 and a beta of 2.29.

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.