SG Americas Securities LLC Raises Position in Chindata Group Holdings Limited (NASDAQ:CD)

Posted by on Apr 27th, 2023

SG Americas Securities LLC boosted its stake in Chindata Group Holdings Limited (NASDAQ:CD – Get Rating) by 332.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 165,786 shares of the company’s stock after buying an additional 127,473 shares during the period. SG Americas Securities LLC’s holdings in Chindata Group were worth $1,321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CD. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Chindata Group by 135.4% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 65,766 shares of the company’s stock valued at $376,000 after purchasing an additional 37,828 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Chindata Group during the first quarter valued at approximately $114,000. PNC Financial Services Group Inc. lifted 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 purchasing an additional 3,616 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Chindata Group by 24.4% during the first quarter. Panagora Asset Management Inc. now owns 26,594 shares of the company’s stock valued at $168,000 after purchasing an additional 5,213 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Chindata Group by 3.5% during the first quarter. BlackRock Inc. now owns 4,011,782 shares of the company’s stock valued at $25,351,000 after purchasing an additional 136,046 shares during the last quarter. 25.98% of the stock is currently owned by hedge funds and other institutional investors.

Chindata Group Price Performance

CD stock opened at $6.06 on Thursday. The firm has a 50 day moving average price of $6.80 and a 200-day moving average price of $7.21. Chindata Group Holdings Limited has a 52-week low of $5.00 and a 52-week high of $9.21. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 23.31 and a beta of 0.55. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.18 and a current ratio of 1.59.

Chindata Group (NASDAQ:CD – Get Rating) last announced its quarterly earnings data on Wednesday, March 15th. The company reported $0.04 earnings per share for the quarter. Chindata Group had a net margin of 14.23% and a return on equity of 6.20%. The company had revenue of $201.57 million during the quarter, compared to analyst estimates of $184.24 million. Equities research analysts forecast that Chindata Group Holdings Limited will post 0.44 EPS for the current fiscal year.

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.

See Also

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Institutional Ownership by Quarter for Chindata Group (NASDAQ:CD)

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