Chindata Group (NASDAQ:CD) issued its quarterly earnings data on Tuesday. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.25, Fidelity Earnings reports. Chindata Group had a negative net margin of 3.01% and a negative return on equity of 0.52%. During the same period in the prior year, the firm posted ($0.08) EPS.
Chindata Group stock traded up $0.20 during trading hours on Thursday, hitting $9.70. 1,919,332 shares of the company traded hands, compared to its average volume of 1,404,409. The firm has a market cap of $3.54 billion, a P/E ratio of -161.67 and a beta of 3.25. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $9.65 and its two-hundred day simple moving average is $12.28. Chindata Group has a 1-year low of $7.75 and a 1-year high of $27.47.
A number of institutional investors have recently added to or reduced their stakes in CD. UBS Group AG grew its stake in shares of Chindata Group by 78.9% in the 3rd quarter. UBS Group AG now owns 360,209 shares of the company’s stock worth $3,030,000 after purchasing an additional 158,876 shares during the last quarter. Morgan Stanley grew its stake in shares of Chindata Group by 169.6% in the 3rd quarter. Morgan Stanley now owns 210,830 shares of the company’s stock worth $1,773,000 after purchasing an additional 132,627 shares during the last quarter. Invesco Ltd. grew its stake in shares of Chindata Group by 124.6% in the 3rd quarter. Invesco Ltd. now owns 150,278 shares of the company’s stock worth $1,264,000 after purchasing an additional 83,354 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Chindata Group by 10.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 78,075 shares of the company’s stock worth $657,000 after purchasing an additional 7,219 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Chindata Group by 91.7% in the 3rd quarter. Royal Bank of Canada now owns 32,211 shares of the company’s stock worth $271,000 after purchasing an additional 15,409 shares during the last quarter. 14.40% of the stock is currently owned by hedge funds and other institutional investors.
About Chindata Group
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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