SG Americas Securities LLC Sells 6,500 Shares of Chindata Group Holdings Limited (NASDAQ:CD)

SG Americas Securities LLC cut its position in shares of Chindata Group Holdings Limited (NASDAQ:CD) by 8.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,069 shares of the company’s stock after selling 6,500 shares during the period. SG Americas Securities LLC’s holdings in Chindata Group were worth $564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc bought a new stake in shares of Chindata Group during the second quarter valued at approximately $109,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in Chindata Group in the second quarter valued at $207,000. The Manufacturers Life Insurance Company bought a new stake in Chindata Group in the second quarter valued at $213,000. DekaBank Deutsche Girozentrale grew its position in Chindata Group by 217.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 17,759 shares of the company’s stock valued at $137,000 after acquiring an additional 12,160 shares during the period. Finally, Cornerstone Investment Partners LLC bought a new stake in Chindata Group in the third quarter valued at $150,000. Institutional investors and hedge funds own 16.04% of the company’s stock.

Chindata Group stock opened at $5.31 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.25 and a current ratio of 3.25. The firm has a market cap of $1.94 billion, a P/E ratio of 88.51 and a beta of 2.83. The business’s fifty day moving average is $7.55 and its two-hundred day moving average is $10.17. Chindata Group Holdings Limited has a 52 week low of $5.13 and a 52 week high of $27.47.

Chindata Group (NASDAQ:CD) last posted its quarterly earnings data on Tuesday, November 23rd. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.25. Chindata Group had a return on equity of 2.03% and a net margin of 6.68%. During the same period last year, the company earned ($0.08) EPS. On average, equities research analysts predict that Chindata Group Holdings Limited will post 0.04 earnings per share for the current year.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Chindata Group from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Wednesday, January 5th. Credit Suisse Group cut Chindata Group from an “outperform” rating to a “neutral” rating and set a $8.30 price target on the stock. in a research report on Monday, December 13th. Finally, Morgan Stanley cut Chindata Group from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $14.71.

Chindata Group Company Profile

Chindata Group Holdings Limited provides carrier-neutral hyper scale data center solutions in 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.

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

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