Invesco Ltd. Sells 26,642 Shares of Kingsoft Cloud Holdings Limited Sponsored ADR $KC

Invesco Ltd. reduced its position in shares of Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) by 42.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,213 shares of the company’s stock after selling 26,642 shares during the quarter. Invesco Ltd.’s holdings in Kingsoft Cloud were worth $520,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. D. E. Shaw & Co. Inc. bought a new stake in shares of Kingsoft Cloud during the 4th quarter valued at about $21,076,000. Voloridge Investment Management LLC bought a new position in Kingsoft Cloud in the fourth quarter worth approximately $16,345,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Kingsoft Cloud by 50.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,217,394 shares of the company’s stock worth $17,482,000 after acquiring an additional 410,492 shares during the last quarter. Millennium Management LLC grew its position in shares of Kingsoft Cloud by 4,098.3% during the 4th quarter. Millennium Management LLC now owns 895,004 shares of the company’s stock valued at $9,389,000 after acquiring an additional 873,686 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in shares of Kingsoft Cloud in the 4th quarter worth $6,378,000. 13.40% of the stock is currently owned by institutional investors.

Kingsoft Cloud Stock Up 3.0%

Shares of KC stock opened at $13.82 on Friday. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of -12.12 and a beta of 2.18. Kingsoft Cloud Holdings Limited Sponsored ADR has a one year low of $2.02 and a one year high of $22.26. The company’s fifty day moving average price is $13.86 and its 200-day moving average price is $14.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.96 and a quick ratio of 0.96.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded Kingsoft Cloud from a “sell” rating to a “hold” rating in a research note on Sunday, August 24th. Zacks Research upgraded Kingsoft Cloud from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kingsoft Cloud has an average rating of “Buy” and a consensus price target of $15.40.

Kingsoft Cloud Company 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.