Infini Capital Management Ltd Makes New $2.26 Million Investment in Kingsoft Cloud Holdings Limited Sponsored ADR $KC

Infini Capital Management Ltd acquired a new stake in shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 180,400 shares of the company’s stock, valued at approximately $2,259,000. Kingsoft Cloud comprises about 1.5% of Infini Capital Management Ltd’s holdings, making the stock its 9th largest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in shares of Kingsoft Cloud by 2,541.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company’s stock worth $14,137,000 after purchasing an additional 1,086,372 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Kingsoft Cloud during the first quarter valued at $10,573,000. Penserra Capital Management LLC bought a new position in shares of Kingsoft Cloud during the second quarter worth about $5,955,000. LMR Partners LLP increased its holdings in shares of Kingsoft Cloud by 1,114.5% in the 2nd quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock worth $6,488,000 after acquiring an additional 475,533 shares during the period. Finally, OLD Mission Capital LLC bought a new stake in Kingsoft Cloud in the 1st quarter valued at about $3,034,000. 13.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KC has been the subject of several recent analyst reports. Bank of America upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 9th. Zacks Research upgraded Kingsoft Cloud from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft initiated coverage on Kingsoft Cloud in a research note on Tuesday, September 16th. They issued a “buy” rating and a $21.00 price target for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Kingsoft Cloud from a “sell” rating to a “hold” rating in a research note on Sunday, August 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.65.

Kingsoft Cloud Price Performance

Shares of NASDAQ KC opened at $11.31 on Friday. Kingsoft Cloud Holdings Limited Sponsored ADR has a twelve month low of $8.06 and a twelve month high of $22.26. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average of $12.45 and a two-hundred day moving average of $13.40. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of -21.75 and a beta of 2.01.

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.