Chindata Group (NASDAQ:CD) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Chindata Group (NASDAQ:CD) from a hold rating to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Chindata Group in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Chindata Group Price Performance

Shares of NASDAQ CD opened at $2.99 on Friday. Chindata Group has a 1-year low of $2.10 and a 1-year high of $36.77. The business’s fifty day moving average price is $3.49 and its two-hundred day moving average price is $4.84. The firm has a market capitalization of $328.90 million, a PE ratio of -99.67 and a beta of 5.19.

Hedge Funds Weigh In On Chindata Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC bought a new stake in Chindata Group during the 4th quarter valued at $2,642,000. Intech Investment Management LLC bought a new position in shares of Chindata Group in the fourth quarter worth $81,000. Goldman Sachs Group Inc. bought a new position in shares of Chindata Group in the fourth quarter worth $533,000. Nuveen LLC acquired a new position in shares of Chindata Group during the fourth quarter valued at $408,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Chindata Group during the fourth quarter valued at $51,000. 30.82% of the stock is owned by institutional investors.

Chindata Group Company Profile

Chindata Group Holdings Limited provides carrier-neutral hyperscale data center solutions in Mainland China, India, and Southeast Asia. It offers artificial intelligence, cloud computing, smart cities and homes, online entertainment, and other on-demand services. The company also provides internet data center colocation and rental services; and technical and consulting services. Its integrated data center solutions include infrastructure, power supply, connectivity and operation and maintenance, and tailor-made to their scale and requirements throughout the planning, design, construction, and operation process.