Marshall Wace LLP Trims Stake in Chindata Group Holdings Limited (NASDAQ:CD)

Marshall Wace LLP lessened its holdings in Chindata Group Holdings Limited (NASDAQ:CD – Get Rating) by 55.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 972,625 shares of the company’s stock after selling 1,229,664 shares during the quarter. Marshall Wace LLP owned about 0.27% of Chindata Group worth $7,858,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CD. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Chindata Group in the third quarter worth about $39,000. PNC Financial Services Group Inc. grew its holdings in shares of Chindata Group by 116.9% during the first quarter. PNC Financial Services Group Inc. now owns 6,709 shares of the company’s stock valued at $42,000 after buying an additional 3,616 shares during the last quarter. Van ECK Associates Corp purchased a new stake in shares of Chindata Group during the third quarter valued at approximately $82,000. Prelude Capital Management LLC purchased a new stake in shares of Chindata Group during the second quarter valued at approximately $96,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of Chindata Group during the third quarter valued at approximately $109,000. Hedge funds and other institutional investors own 25.98% of the company’s stock.

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Analyst Ratings Changes

Separately, Citigroup cut their price target on shares of Chindata Group from $9.30 to $8.90 in a report on Wednesday, November 23rd.

Chindata Group Trading Down 0.9 %

NASDAQ:CD opened at $6.50 on Friday. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 23.21 and a beta of 0.54. The company’s 50 day moving average price is $8.01 and its 200-day moving average price is $7.60. Chindata Group Holdings Limited has a 52 week low of $3.75 and a 52 week high of $9.21. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.70.

Chindata Group Company Profile

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Chindata Group Holdings Limited provides carrier-neutral hyper scale data center solutions in China, India, Malaysia, 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.

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