Yeomans Consulting Group Inc. Invests $318,000 in Kingsoft Cloud Holdings Limited (NASDAQ:KC)

Yeomans Consulting Group Inc. bought a new stake in shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 30,350 shares of the company’s stock, valued at approximately $318,000.

Other hedge funds also recently modified their holdings of the company. Jane Street Group LLC lifted its position in Kingsoft Cloud by 383.5% in the 3rd quarter. Jane Street Group LLC now owns 322,503 shares of the company’s stock worth $948,000 after buying an additional 255,795 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Kingsoft Cloud during the third quarter worth $326,000. State Street Corp boosted its position in Kingsoft Cloud by 0.5% during the third quarter. State Street Corp now owns 609,790 shares of the company’s stock valued at $1,793,000 after purchasing an additional 3,104 shares during the last quarter. Blue Trust Inc. grew its stake in Kingsoft Cloud by 30.9% in the third quarter. Blue Trust Inc. now owns 18,888 shares of the company’s stock valued at $56,000 after purchasing an additional 4,458 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Kingsoft Cloud in the third quarter valued at about $47,000. Hedge funds and other institutional investors own 13.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KC. Nomura Securities upgraded Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. UBS Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and lifted their target price for the company from $4.20 to $12.50 in a research note on Friday, December 6th. Finally, Nomura raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $2.30 to $6.70 in a research report on Friday, November 22nd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $5.93.

Kingsoft Cloud Stock Up 0.2 %

Shares of Kingsoft Cloud stock opened at $9.54 on Friday. Kingsoft Cloud Holdings Limited has a 12-month low of $2.02 and a 12-month high of $12.84. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average price of $8.74 and a two-hundred day moving average price of $4.85. The stock has a market capitalization of $2.42 billion, a P/E ratio of -7.95 and a beta of 2.29.

Kingsoft Cloud Profile

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.