Chindata Group (NASDAQ:CD) Shares Gap Up to $8.66

Shares of Chindata Group Holdings Limited (NASDAQ:CDGet Rating) gapped up prior to trading on Wednesday . The stock had previously closed at $8.66, but opened at $8.91. Chindata Group shares last traded at $8.47, with a volume of 11,662 shares.

Wall Street Analyst Weigh In

Separately, TheStreet raised shares of Chindata Group from a “d+” rating to a “c-” rating in a research note on Friday, September 9th.

Chindata Group Stock Down 2.2 %

The company has a market cap of $3.00 billion, a PE ratio of 37.18 and a beta of 0.84. The company’s 50 day moving average is $7.70 and its 200 day moving average is $6.96. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its position in Chindata Group by 116.9% during the 1st 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 period. Exchange Traded Concepts LLC purchased a new position in shares of Chindata Group in the 1st quarter worth approximately $25,000. Northern Trust Corp grew its position in shares of Chindata Group by 1.5% in the 1st quarter. Northern Trust Corp now owns 325,409 shares of the company’s stock worth $2,057,000 after buying an additional 4,715 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Chindata Group by 33.1% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 20,100 shares of the company’s stock worth $132,000 after buying an additional 5,000 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its position in shares of Chindata Group by 24.4% in the 1st quarter. Panagora Asset Management Inc. now owns 26,594 shares of the company’s stock worth $168,000 after buying an additional 5,213 shares during the last quarter. Hedge funds and other institutional investors own 22.71% of the company’s stock.

Chindata Group Company Profile

(Get Rating)

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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